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1. Introduction to Marketing
- Definition and Scope of Marketing
- Evolution of marketing concepts: Production, product, selling, marketing, and societal marketing concepts
- Marketing mix: 4Ps (Product, Price, Place, Promotion) and 7Ps (People, Process, Physical evidence)
- Role of marketing in business and society
- Marketing Environment
- Micro and macro environment factors
- Analysis of competitors, suppliers, customers, and intermediaries
- Impact of political, economic, social, and technological factors (PEST analysis)
- Marketing Strategy
- Strategic marketing planning process
- SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)
- Market segmentation, targeting, and positioning (STP)
2. Consumer Behavior
- Understanding Consumer Needs
- Consumer decision-making process
- Factors influencing consumer behavior: Psychological, social, cultural, personal
- Types of buying decisions: Routine, limited, extensive
- Market Segmentation
- Bases of segmentation: Demographic, geographic, psychographic, behavioral
- Market targeting strategies: Undifferentiated, differentiated, concentrated, micromarketing
- Positioning strategies: Differentiation, cost leadership
- Consumer Psychology
- Perception, motivation, learning, and attitude formation
- Consumer behavior models
3. Product Management
- Product Life Cycle (PLC)
- Stages of PLC: Introduction, growth, maturity, decline
- Strategies for each stage of the product life cycle
- Product Development and Innovation
- New product development process
- Idea generation, screening, concept testing, product design, commercialization
- Product innovation and differentiation
- Branding and Packaging
- Brand equity and brand positioning
- Types of brands: Corporate, product, private-label brands
- Packaging strategies and their role in marketing
4. Pricing Strategies
- Pricing Objectives
- Profit maximization, market penetration, market skimming, survival, and prestige pricing
- Price elasticity of demand
- Pricing Methods
- Cost-based pricing, value-based pricing, competition-based pricing
- Psychological pricing strategies (e.g., odd pricing, prestige pricing)
- Discounts and Allowances
- Types of discounts: Seasonal, cash, trade, quantity discounts
- Promotional pricing and its impact on sales
5. Distribution and Channel Management
- Distribution Channels
- Types of distribution channels: Direct, indirect, hybrid channels
- Role of intermediaries: Wholesalers, retailers, agents, brokers
- Channel Design and Selection
- Factors influencing channel design: Market, product, company, intermediary
- Channel conflict and management
- Logistics and Supply Chain Management
- Role of logistics in distribution
- Inventory management, warehousing, and transportation
- E-commerce and online distribution channels
6. Promotion and Communication
- Integrated Marketing Communication (IMC)
- Role of IMC in marketing strategy
- Tools of IMC: Advertising, sales promotion, public relations, direct marketing, personal selling
- Advertising
- Types of advertising: Print, television, radio, online, social media
- Advertising strategy: Message development, media selection, budgeting
- Sales Promotion
- Types of sales promotions: Consumer, trade, and business promotions
- Techniques for increasing short-term sales and brand awareness
- Public Relations (PR)
- Role of PR in managing the brand image
- PR tools: Press releases, media relations, sponsorships, events
- Direct Marketing
- Direct mail, telemarketing, email marketing
- Digital marketing and social media strategies
7. Digital Marketing
- Introduction to Digital Marketing
- Online marketing channels: Search engine optimization (SEO), social media marketing (SMM), email marketing, content marketing
- Mobile marketing and its growing significance
- E-commerce and Online Retailing
- Business models: B2B, B2C, C2C, C2B
- E-commerce strategies and online customer engagement
- Social Media Marketing
- Platforms: Facebook, Instagram, Twitter, LinkedIn, YouTube
- Social media advertising, influencer marketing, content creation
- Search Engine Marketing (SEM)
- Google Ads, Bing Ads, paid search campaigns
- Organic vs. paid search
8. Marketing Research
- Market Research Process
- Steps in market research: Problem definition, research design, data collection, data analysis, reporting
- Types of research: Exploratory, descriptive, causal
- Data Collection Methods
- Primary data: Surveys, interviews, focus groups, observation
- Secondary data: Reports, government publications, industry journals
- Data Analysis and Interpretation
- Quantitative analysis: Statistical tools and software
- Qualitative analysis: Thematic coding, sentiment analysis
9. International Marketing
- Global Marketing Environment
- Economic, cultural, political, and legal factors affecting international marketing
- International trade agreements and regulations
- Global Market Entry Strategies
- Exporting, licensing, franchising, joint ventures, direct investment
- International Marketing Mix
- Adapting the 4Ps for international markets
- Product standardization vs. adaptation
- Pricing strategies in global markets
10. Marketing Analytics and Metrics
- Marketing Metrics
- Key performance indicators (KPIs) in marketing
- Return on investment (ROI) for marketing activities
- Customer Relationship Management (CRM)
- Importance of CRM in retaining customers
- CRM tools and techniques
- Marketing Automation
- Using technology to streamline marketing processes
- Tools for automated email marketing, customer segmentation, lead nurturing
11. Ethical and Legal Aspects of Marketing
- Ethical Issues in Marketing
- Ethical marketing practices and corporate social responsibility (CSR)
- Consumer rights and protection
- Legal Aspects of Marketing
- Advertising laws, competition laws, product liability, intellectual property rights
12. Marketing Strategy and Planning
- Strategic Marketing Planning
- Marketing audit and SWOT analysis
- Setting marketing objectives and goals
- Developing marketing strategies and tactics
- Implementation and Control
- Marketing plan execution
- Monitoring performance and making adjustments
- Marketing budget and resource allocation
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