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Classically, the Marketing Mix has been viewed and taught
to students as the 4 Ps; Product, Price, Place and Promotion. This is now changing and in some texts you will find as many as 11 or even 15 Ps. Regardless of the terminology,
Marketing is an integrated activity that aims ultimately to yield the best possible results for business organizations through understanding and satisfying consumer needs. In this context, every
single marketing effort should be directed to the satisfaction of consumers' needs in an effort to reach a corporate objective. Business Marketing Objectives fall under a variety of categories from
maximization of profits to survival. And the only way to reach any of these objectives is to stay focused on the consumer. This is valid in both the marketing of goods and services. Although in the
service field it is much more crucial to both short-term and long-term business performance.From this standpoint we can begin to appreciate a relatively new concept - Relationship Marketing.
Here the focus is not just on the elements of Marketing as a given, but rather on the relationship the firm has with its existing & potential consumers.
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