Mordern marketing concept
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Presentation on:
Marketing in Modern Context
Presented By:
Akanksha goswamiSTUDENT OF BHILAI BUSINESS SCHOOL BHILAI CHATTISGHARH
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Modern Marketing Context
In 1950s the marketing concept emerged. The marketing concept is aimed at orienting a firm completely towards its customers. Every department from production to finance to human resource should be customer focus.
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Traditional marketing concept
Product to be sold to customer
Focus
Selling and Promotions
Means
Profit through sale
volume
Objective
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Modern marketing concept
Product satisfaction
customer need
Focus
Marketing Mix
Profit through
customer satisfaction
Means Objective
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Modern Marketing 4 P’s
Product Price Promotions Place
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Product Decisions
Branding Quality Features
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Pricing Strategies
Penetration
Skimming
Competition
Product Line
Bundle
Psychological
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Promotional Mix
Advertising
Public Relations
Sales Promotion
Personal SellingDirect
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Place
Manufacturer
Consumer
Manufacturer
Retailer
Consumer
Direct Distribution Indirect Distribution
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Conclusion
As per the new concept of Marketing, its not about only selling the products to the customers. In present scenario, marketing is all about to satisfied the customer and providing the excellent services to establish brand image in consumers mind.