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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 Masters
Chili's Bar and Grill product line and marketing strategy
Chili's Bar and Grill is a casual dining experience that is marketed through a number of very effect means. It has used a number of devices such as a 'healthy choice' menu, a 2 for $20 program to build brand recognition in American restaurants as well as in 23 foreign countries. The company is well recognized and known for its good food and excellent service.
Paper Undergraduate
Western cultural attitudes toward aging and death in media industries
In the West, there is a diversity of beliefs, but the predominant beliefs by most citizens are Judeo-Christian in foundation. People in the West react to death in the same ways they react to grief (as in the seven stages of grief ) and the ways people react to substance addiction/abuse rehabilitation. That is to say the tradition in the West is to react to death the ways they react to grief in general and the ways they react to participation in a twelve-step program . The paper will discuss some patterns in thinking and behaving regarding aging and death. Five factors that underlie a person's reactions to aging and death are the sex of the person, the culture of the person, what age the person is when he/she seriously acknowledges and realizes death & aging, the family history of the person, and the lifestyle choice of this person.
Paper Undergraduate
Market analysis and strategic positioning for Catching Fire
Lion Gate has many strengths in which it can play to. First of all, in regards to The Hunger Games trilogy, the first movie in the series was a blockbuster success that broke the $400 million mark in domestic sales (Orden, 2012). Therefore the company can play to this extremely loyal customer base. Furthermore, the company has performed well despite the economic downturn and its effects on the industry in general (Caris, 2012). Some of the weaknesses that Lions Gate must work to overcome are the relatively low amounts of consumer disposable income as well as the problems associated with pirating and copyright infringement.
Paper Undergraduate
Brand loyalty among young consumers in developed and developing countries
¶ … brand loyalty and a comparison of this element between young people from developed and developing countries. It is possible, however, to surmise specific information about brand loyalty and how this manifests in…
Paper Undergraduate
The evolution of branding strategy in the digital age
Brand management is one of the most challenging areas of marketing,m as it requires the manager to synchronize the many strategies underway, while also gaining the trust of all invoked. In addition to all of these tasks, the brand manager must continually architect new messages that lead to greater trust being created with customers as well. This paper presents research as of 2013 completed by Gartner showing best practices in the areas of brand management.
Essay Doctorate
External environmental analysis of Overstock.com using Porter's Five Forces
This is an online business that offers direct retail sales as well as online auctions both at the international level and locally. It is an online market place where potential buyers can visit for designer brands and…
Research Paper Doctorate
Internet-based business integration and competitive advantage in digital commerce
¶ … Internet Procurement and Fulfillment Strategies.
Paper Undergraduate
Financial analysis of Johnson and Johnson's consolidated statements 2010-2012
Abstract This financial report review seeks to answer a number of questions as presented. The company of choice for this particular financial report review is Johnson and Johnson. In basic terms, the questions addressed in this text largely relate to the company's balance sheet, cash flow, and income statement items.
Thesis Masters
Feasibility analysis of an on-campus gelato pushcart at Bond University
Background and Purpose of Feasibility Analysis
Essay Undergraduate
Service quality measurement in healthcare using SERVQUAL and fuzzy set theory
about service quality: Service quality concept in the current literature