Task 1 Principles and Concepts
Marketing is a combination of four major elements. These are called the 4 P’s of marketing and include (1) identification, selection and development of a product, (2) determination of its price, (3) selection of a distribution channel to reach the customer’s place, and (4) development and implementation of a promotional strategy. Sales and marketing are closely related but as a company grows the roles of key players begins to differentiate.
Investigate what sales and marketing are and the difference.
Read Marketing vs Sales
Complete the Lynda.com tutorialSales Fundamentals section 1, Understanding Sales
Investigate the evolution of Marketing.
How has marketing changed over time?
What are the 5 stages described?
Read ebook Part I Initiating the Marketing Process.
First investigate how marketing for Coke has changed through the years. and
Now you choose another company to investigate and trace what has occurred over time in their marketing strategies and concepts.
Make an infographic to show the change over time. You can get templates and ideas for infographics at one of these sites:
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