1. 2 3 4 5 6 7 8 The Four Ps of Marketing Product Any goods, services, or ideas that we wish to...
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Transcript of 1. 2 3 4 5 6 7 8 The Four Ps of Marketing Product Any goods, services, or ideas that we wish to...
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What is Marketing? Dale M. Stephens, Specialist
Utah State Office of Education Applied Technology Education Services
250 E 500 So, P.O. Box 144200 Salt Lake City, Utah 84114-4200
Phone (801) 538-7867 Fax (801) 538-7868 Email address—[email protected]
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Marketing Did you know?
1 2 3 4 5 6 7 8
1/3 JOBS IN USA AREMKTJOBS
LU-BRICAN
T
TRANSFERABLE SKILLS
EX-CITING WORK
WITH
PEOPLE
$HIGHEST/LO
WESTPA
Y
60% CEO
’S AMERIC
A HAV
E MKT BAC
K
CORNERSTONE OF EN-TREPRENEURSHIP
25% GROWTH IN USA
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MarketingMarketing
2 Lubricant
8 25% Growth in USA
7 Cornerstone Entrepreneurship
5 $ Highest/Lowest Pay
4 Exciting Work With People
6 60% CEO’s in America
3 Transferable Skills
1 1/3 Jobs in USA
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Definition of Marketing
Marketing is the process of developing, promoting,
and distributing products in order to satisfy customers’
needs and wants.
Develop Promote Distribute
Products
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What Are Products?
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Car Food Home Clothes
Goods Ideas
Services Hospital TV Repair Auto Mechanics Carpet Cleaning
Internet Training Computers Printed Materials
Short Definition of Marketing: “The promotion of goods, services, and ideas.”
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What do we learn in M arketing?
The Four Ps Of Marketing
1. Product 2. Place 3. Price 4. Promotion
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The Four Ps of Marketing
ProductAny goods, services, or ideas that we wish to
sell.Goods, Services, or IdeasDefining Target Markets
Product Design or ContentQuantities
Quality: Standard/DeluxeGuarantees or Warranties
PromotionMaking potential customers aware of a
product in a positive way so they will want to buy it.PackagingAdvertising
Personal SellingSales Promotion:
Coupons, Discounts
PriceDetermining a dollar amount at which we can
sell the product.Costs:
ProductionWholesale / Retail
Compare to CompetitionProfit Margin
Value
PlaceDistribution is getting the right product to the
right place at the right time in the right amount and in the right condition.
(For example: You don’t want parkas delivered to a service station in Las
Vegas!)
Distribution
Storage & Warehousing
Transporting
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The 7 Functions of Marketing
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The Four Ps
1. Product 2. Place 3. Price 4. Promotion
The 7 Functions
1. Financing 2. Pricing 3. Promotion 4. Product/Service Mgmt 5. Distribution 6. Selling 7. Information Mgmt
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The Marketing Specialist’s Responsibilities
Evaluate/ Accreditation Inservice Curriculum MEG Association DECA/ DEX State Advisory Board Licensing Liaison Teacher Support
Marketing Fashion Merchandising Sports/Entertainment Retailing/School Store Travel & Tourism Real Estate Management Principals Customer Service International Marketing Entrepreneurship Economics Internet Marketing Advertising & Promotion
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CIP Codes www.usoe.k12.ut.us/ate/Marketing/market.htm
Skills Certification (Tests)
MarkEd LAPS
Mastery Learning
Traditional Curriculum
& Self Paced Curriculum
State Proficiency Certificates
80% Mastery
$ $ $
Academic Standards & Objectives
Performance Competencies
MARKETING Curriculum Concepts