Marketing 1&2
Marketing 1&2
Marketing 1&2
1.WHAT IS MARKETING:
-The American Marketing Association (AMA) defined
marketing as:
“The activity set of institutions and process for
creating, communicating, delivering and exchanging
offerings that have value for customers, clients,
partners and society at large.”
3.MARKETING CONCEPTS:
1.Production concept:
Around industry evolution until now in that time
market was seller market they are increase in
production that's why markets focused on low cost
production and Wide distribution.
There is a lot of company that still use production
concept like Chinese companies.
2.product concept:
The market switched from seller market to buyers
market and competition appeared that’s why
Marketers start to focus on product instead of
production.
Marketers aim at this this state to improve the quality
of the goods and add feature to it to be able To
compete in the market.
There are many companies that still adopt these
concepts such as phones and cars companies.
this concept has a downside as it causes market
myopia.
Marketing myopia is a disease that affects Some
marketers that leads marketers interest in the product
more than customers need. Which leads to selling
what can be produced instead of producing what can
be sold
3.Selling concept:
In that. The Great Depression occurred in America
purchasing power declined.
It’s about selling product in every way possible.
These concepts also has marketing myopia because it
still workers on product instead of customers needs.
There is also companies that still use this concept like
companies that sell unsought goods for example
insurance companies.
insought goods is type of product that customer don’t
seek actively.
4.Marketing concept:
Marketing as function inside organization started after
World War Two 1945.
PREPARED BY:
NOOR ELWALEED
NUSAIBA ALI
AYMAN ALAMIN ;
MEMBERS OF THE ACADEMIC OFFICE.