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Posted: August 26th, 2022
Managing Marketing Elements
Managing Marketing Elements
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August 15, 2019: 2024 – Online Assignment Homework Writing Help Service By Expert Research Writers
Managing Marketing Elements
Every new or existing organization has strategies of making their products known and attracting the customers to buy them. The process through which companies create goods, communicate their value, and deliver the products to customers and clients is called marketing (Kotler & Keller, 2015 – Research Paper Writing Help Service). Advertising, sales promotions, events, and public relations all focus on drawing more customers to buying the product. There are main aspects which enable a company to manage the various forms of marketing basics.
Defining the target market and customer intention assists in developing significant advertisements. Informative, persuasive, and reinforcement advertisements are aimed at diverse audiences in regard to their preferences. Sale promotion helps in giving the customer a reason to buy the products (Kotler & Keller, 2015 – Research Paper Writing Help Service). Choosing appropriate tools for consumer, trade, and business ad sales force promotion helps in expanding the business. Giving discounts to new customers and rewarding the loyal and frequent users of the goods facilitate an increase in short-term earnings of the organization.
The main feature in managing events as an element of marketing is sponsorship. This helps in building the name of the company and familiarizing the brand with a targeted group of people. Effective communication is significant in public relations (Kotler & Keller, 2015 – Research Paper Writing Help Service). It helps in introducing new products to the consumers and increasing awareness of existing ones. It also helps in building a good reputation of the company. Although advertising is expensive, it is the best method of introducing a new company with new products since the channels of communication help in reaching a large market.
The growth of a brand depends on the marketing strategy adopted by a company. For every technique implemented, there is a cost. In order to establish an effective plan, organizations should research on the preferences of the targeted customers. New companies should implement marketing elements which will enable them to reach many consumers and explain clearly the value of their brand.
References
Kotler, P., & Keller, K. L. (2015 – Research Paper Writing Help Service). Marketing Management, Global Edition (15th Ed.). New Jersey: Pearson Education Limited.
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