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Marketing definition
Marketing is the activity, set of
institutions, and processes for
creating, communicating, delivering,
and exchanging offerings that have
value for customers, clients,
partners, and society at large.
(Approved July 2013
First: specify your product or service.
The marketing department specify the products or services that the company will provide.
In order to do that, it has to do a market research to know customers needs.
Two: market research
Market research is a process that is never end.
Every thing you do should have its own research.
three: know your competitors
Not only marketing department should know their competition but also put the strategies that they will compete with and achieve long and short terms.
Four: setting the price
Although many department may share in this point , the marketing department has the upper hand as they know how much customers are willing to pay.
Five: distribution channels
In which places should we put our products.
Should we have direct selling or not?
Six: promotion
Promotion is not only about advertising , sales are a main function in promotions specially in B2B sectors.