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What is Marketing?

In many ways, the course work for a marketing degree overlaps with the coursework for a business degree. This should come as no surprise, since both business degrees and marketing degrees help you learn practical skills that work across a broad range of industries. While each college or university names their courses a little differently, the type of marketing courses you can expect to encounter while working towards a bachelors’ degree in business or marketing, an MBA, or a master’s degree in marketing, will be similar regardless of the school you attend.

Of course, marketing students will focus on marketing principles. Frequently, the core principles of marketing are referred to as the 4Ps: selecting a Product; determining the Price; selecting a distribution channel or Place; and developing a Promotion strategy. However, marketing students need to understand marketing on a deeper level than a simple 4P overview provides. For example, marketing majors may not ever have to conduct their own market research, but they should understand statistics, as well as the tools and techniques market researchers use, so that they can evaluate that research. Marketing students also need to understand how to market to businesses, including a thorough understanding of the supply chain.

One of the ways that marketing courses deviate from business courses is that they emphasize the role of human behavior. In many ways, marketing is selling, and to sell products, one must know people. Consumer behavior, or the psychology of marketing, helps explain what motivates people to make purchasing decisions.

You can expect to encounter at least one business communications course. These courses focuses on those components of communications that are most relevant in a business setting. They may include international communication, managerial communication, and even business writing courses.

Marketing students will also need to be familiar with economics. While many times you will only be required to study macroeconomics, you may find it easier to understand economic concepts if you also study microeconomics. In different ways, both approaches to economics look at the core concept of supply and demand. A marketing professional’s job is not only to create demand for a product, but also to be able to realistically assess whether such demand can be created and what price point the demand will sustain. Although it is geared more towards understanding the supply chain, Forio’s Root Beer Game can really enhance student’s understanding of supply and demand.

Given the globalization of most businesses, marketing students have to be familiar with an international business environment. Strategies that work well in one situation may be completely inappropriate in an international context, therefore students need to learn global marketing strategies. Of course, if you intend to market to a specific international area, then taking courses that are specifically tailored to that area can be helpful, even if they are not in your degree plan. It is not unusual for marketing students to study sociology, foreign language, and culture in order to gain a better understanding of their potential consumers.  [ Show Less ]

 

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Paper Undergraduate
Strategic marketing for hospitals and clinics using Porter's Five Forces
The paper provides an analysis and development of a strategic marketing plan for a healthcare organization (hospital). The analysis uses the Five Forces Analysis as its tool for evaluating potential threats to the hospital in the market or industry it operates in. After the analysis, recommendations on how to mitigate the cited threats were developed for potential implementation of the hospital.
Paper Doctorate
Coca-Cola's marketing strategies and brand success in India
Coca cola stands in the list of leading brands of the world. In the year 2006, it was listed in the global ranking of top hundred brands. Sprite, fanta, coca-cola and diet coke are the leading products of this brand. Cherry coke, Vanilla coke and Lemon coke are the other brand extensions of coca cola. During the last few years, the company for promotion made heavy investment, due to which it has acquired a recognized name in the market. According to a report, researchers found that after the term "ok? the most recognized term among the people is "Coca-Cola" (Bell, 2003, pg 23).
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Company X's HIPAA-compliant medical image capture application
A summary of a proposed software app for smart phones that can record and transfer confidential medical records.
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Outsourcing decisions for magazine operations: supplier selection and cost reduction
¶ … Outsourcing Case Study: Saving Money at the Magazine through Process and Supplier Selection
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Compensation and benefits strategy for Teamwork Packages
Compensation and Benefit Packages offered in a Corporate Environment
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The Body Shop's business model and value propositions analysis
Business Model Canvass and SWOT on the Body Shop.
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The stockholders own the company and elect the board of directors, who appoints the management team. Thereafter, Management, functions in the interests of the stockholders. Bernard Lester and John Lin have the decision…
Paper Undergraduate
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Marketing strategy for Igot high-end electronics vending services in Las Vegas
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