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Marketing is concerned with getting the right product to the right people at the right price. Its function is essential for the success of any business.
Member rating: No Rating | Words: | Submitted: Thu Oct 23 2003
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Marketing is concerned with getting the right product to the right people at the right price. Its function is essential for the success of any business. Most of the time products that are flops are due to poor marketing. A firm has to get the 4P's right to make it easy to sell its product. Businesses find out the views and opinions of consumers either by primary research which means going out on the field your self directly to communicate to the consumers. E.g. in the street, over the phone, interviews and questionnaires. The advantage to primary research is that it provides data that's up to date, relevant and specific to your products. However it's expensive to collect, it's time consuming and need's a large sample size to be accurate. Or by secondary research which involves you using an existing published material like statistics and reference books, to gather...
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