Name a product for which all eight marketing functions do not need to be performed by someone somewhere in the marketing system. Explain your thinking about what functions do not need to be performed

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Nelly StrackeLv2

29 Jan 2019

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Storing (Marketing)

* decreases the value of products.

All of the above are true statements.

must be performed by all members of a channel system.

is necessary because production does not always match consumption.

is related to Place--but has no effect on Price.

skyhippopotamus851

Name an advantage and a disadvantage of being able to offer a globally standardized product. Analyze the marketing strategy of a product/company of your choice that you think is doing an excellent job on the global market. Explain their strategy and what makes them "excellent". Use of data would be a good way to support your thinking.

Society ignored or even criticized the contributions of marketing until the beginning of the 20th century. At that time, economies once marked by a scarcity of goods began to enjoy an abundance of goods. Marketing skills were needed to solve the distribution problems that resulted. Thus, it was not until the early 1900s that the importance of marketing was realized - and that marketing was accepted as a separate academic subject in schools and colleges. Today, countries that operate with marketâdirected economies have achieved genuine improvements in standards of living - while most command economies have collapsed or are "on the ropes." Even today, however, many people do not have a very clear understanding of marketing. No one single definition of marketing will satisfy everyone. Many people - including some students and business managers - tend to think of marketing as just "selling" or "advertising." Others see marketing as an allâinclusive social process that can solve all the world's problems. Some critics, meanwhile, seem to blame marketing for most of society's ills!

This exercise is intended to help you see more clearly what marketing is all about. One way to learn about marketing is to study the definitions in the text. Another way is to use these definitions. This is the approach you will follow in this exercise.

Assignment

Listed below is a common criticism about marketing. Discuss your viewpoint in a way that shows your understanding of marketing.

Each student should post his/her answer and post comments to other student's posting (beyond simple agreement or disagreement; but with respect to personal opinion). Also, each student must respond to at least one comment of their initial post. Participation is required.

Listed below are some commonly asked questions about marketing. Answer each of these questions in a way that shows your understanding of marketing.

How would you respond to the criticism "Marketing just adds unnecessary costs to the price of everything we buy?"

Should marketing be viewed as a set of activities performed by business and nonprofit organizations, or alternately as a social process?

Why is it important to make this distinction?

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Name a product for which all eight marketing functions do not need to be performed by someone somewhere in the marketing system. Explain your thinking about what functions do not need to be performed

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