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Marketing is very important as by this process company creates value for their customer and
establishes a relationship which will help them in the growth of their business.
1.) Analysis on Components of Marketing Strategy
Segmentation
Division of market into different groups or segments on the basis of consumers, buying
i.
Targeting
Once the market has been divided, the market targeting evaluates the attractiveness of
each segment. There are four strategies that have been designed by the marketers to reach
target markets discussed as follows:
Mass marketing: It refers to advertise or promote a product in public with wide
promoted accordingly.
Differentiated Marketing: In this different types of segmented market are
treated in their own unique way. Each market segment will have different kind of
benefits and offers that depends on the patterns on the basis of which market is
segmented.
iv.
v.
vi.
Product Promotion
vii.
Pricing Mechanism
viii.
Marketing Channels
ix.
x.
Analysis on Competitor
xi.
b. Price:
Pricing for the product should be kept competitive (not the cheapest) and
planned properly because it is the source of revenue against the
Promotion should include the complete information about the product and
depends on the communication tactics for which they need proper training.
f. Process:
The process of marketing a product means building relationship with
well.
So it becomes the utmost responsibility of the seller to maintain the bond
that lasts forever and treat the customer as God ; respect them , follow
xii.
to do the purchasing.
Product Life Cycle
xiii.
xiv.
Strategic Planning
References:
http://sys.vos.cz/pdf_view/AJ/Marketing_strategy_and_competitive_positioning.pdf
http://www.marketingmo.com/wp-content/uploads/2013/12/The-Strategic-MarketingProcess-eBook.pdf
https://www.radford.edu/content/dam/colleges/cobe/SBDC/Documents/8marketingstrategy.p
df
https://businesscolumnist.files.wordpress.com/2015/01/kotlerarmstrong.pdf
http://www.cim.co.uk/files/7ps.pdf
http://class.classmatandread.net/Branding/-branding.pdf
https://faculty.fuqua.duke.edu/~jrb12/bio/Jim/37.pdf
https://en.wikipedia.org/wiki/Positioning_(marketing)
http://www.businessdictionary.com/definition/market-positioning.html