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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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Faith Community Hospital's mission statement interpretation and organizational challenges
Faith Community Hospital, is a not for profit hospital facing problems that danger its existence. They have a mission statement which is being interpreted by people according to their own beliefs and likes.
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Strategic management concepts and organizational analysis frameworks
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Strategic position, choices, and strategy implementation in organizations
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Paper Undergraduate
Delphi Study Influence of Environmental Sustainability Initiatives on Information Systems
The primary focus of this literature review is on understanding how the implementation of ‘Green' IT incentives can help an organization succeed as well as manage or increase the overall efficacy of energy costs. Hence, the primary focal topic for this study will be energy cost reduction using numerous ‘green' IT strategies.
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The origins and expansion of slavery in colonial America
Slavery in America Introduction – The Beginning of Slavery The first year that African slaves were brought to Colonial America was reported to be 1619 (Vox, 2012). The ship that docked at Point Comfort, in Jamestown Virginia, was owned by the Dutch. The Dutch crew was said to be starving and they wanted to make a trade with the colonists – slaves for food, Vox explains in The New York Times-owned publications About.com. There were a reported twenty slaves on board, and this was verified by a letter from Dutch crewmember John Rolfe to the treasurer of the Virginia Company, Edwin Sandys. It is possible that African slaves actually arrived prior to 1619 – perhaps in the northern colonies – but Vox explains that the only "hard evidence" available as to the presence of slaves came from Rolfe's letter. The British were involved in the slave trade at that time but Vox writes that they were "reluctant to institute slavery in their new American colonies." Historian Betty Wood reports that by 1625, there were just 23 Africans in the Virginia colony, and thirty-five years later that number rose to 950, which was approximately four percent of the entire population of Virginia (Vox).
Essay Undergraduate
Television broadcasting policy and commercial tensions in post-war Australia
This paper has discussed issues related to Television in Australia. Even though later on Australian drams were made, it should be seen that the general public saw more than just drama on the television. Travel and sightseeing of the country wasn't something that many people could afford. In other words, a family living in part of the country might not even know anything about the other part. Therefore, television played a big role in familiarizing the Australians with their own culture and with their country.
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Zara's supply chain management as a competitive advantage
Fashion industry is no more the game of rich only. The cost effective fashion businesses have helped penetrate the fashion industry so deep that today even an average earner can enjoy latest fashion by Zara. Being a Spanish retail fashion designer, Zara is strongly accepted fashion brand in Europe, America and United Arab Emirates. In less than 50 years' time, sine 1975, Zara has achieved a status others might take centuries to reach.Fashion industry is no more the game of rich only. The cost effective fashion businesses have helped penetrate the fashion industry so deep that today even an average earner can enjoy latest fashion by Zara. Being a Spanish retail fashion designer, Zara is strongly accepted fashion brand in Europe, America and United Arab Emirates. In less than 50 years' time, sine 1975, Zara has achieved a status others might take centuries to reach.
Paper Doctorate
Blue Ridge Coffee's triple-tiered sales strategy for flavored coffee
Abstract This case study focuses on the management of Wholesale Division of Blue Ridge Coffee. Blue Ridge is a privately held corporation that specializes in the marketing of roasted coffee, gourmet and other drinks. Founded in 2000 by two friends Darryl Jamison and Grace Phillips, the company opened its first café in Charlottesville, Virginia. Blue Ridge Coffee opened additional cafes in six college towns namely Lynchburg, Williamsburg, Richmond, and Norfolk, Chapel Hill, and Durham in North Carolina. It then expanded to South Carolina, Georgia, Alabama, and Florida. The case study comprises two tasks (task 2 and task 3).
Paper Doctorate
Louis Vuitton's global expansion and Japanese market dominance
"Louis Vuitton in Japan" explores the history, heritage and phenomena that the LV brand is today and how it expanded globally to widen its reach to all consumers of luxury. Through strategic extension of its network throughout the world, Louis Vuitton built itself from one city in France to a vast system of inter-related, complex actors that serve the avid, fashion lover. Special emphasis is on the Japanese sector as it contributes an immense magnitude in terms of turnover and profit to annual ones. (Paul, Ferroul, 2010)