Marketing Management is all about generating more sales by making customers aware of the products and services through the right promotional strategies. The marketing mix is considered by the marketing manager while making a promotional scheme. Marketing management is an interesting subject, but students often struggle in completing the research papers on marketing management and lengthy homework on this subject. Moreover, this subject belongs to a field that is very dynamic, and the information keeps on updating. In order to complete the assignments of marketing management, marketing research needs to be done, and this is a tedious task. Students often get homework on marketing management, and they look for marketing management homework help for scoring good grades. The good news is that our experts will provide you with marketing management homework help. Marketing management homework help will include all types of homework and assignments on this subject, and you will only have to pay a nominal price for this service.
Marketing management requires skills to analyze the ongoing situation in the industry by application of different environment scanning models. An organization need to be aware of the internal and external factors that impact the business and accordingly should update the strategies.
⦁ SWOT Analysis:
This model is based on analyzing the internal and external factors. SWOT is an acronym for strengths, weaknesses, opportunities and threats. This model helps the marketing management to be aware of the internal strengths and weaknesses along with gaining an understanding of the market threats and opportunities.
⦁ PESTEl Analysis:
This model helps to understand the different factors that impact the business, such as political factors, economic factors, social factors, technological factors, environmental factors and legal factors. One more factor is considered these days, and this is the ethical factor. This model helps in understanding different factors and, on the basis, marketing decisions are taken.
⦁ Porters’ five forces model:
This model is also very helpful, and this helps to understand the opportunities and threats for the business. This model talks about five forces as bargaining power of buyers, bargaining power of suppliers, competition rivalry, the threat of substitutes and threat of new entrants. All this information keep on changing from time to time and is industry-specific.
⦁ Marketing Mix:
Marketing mix is about four elements, namely product, price, promotion and place. Nowadays, three more elements are included in the marketing mix, namely people, process and physical evidence. The right balance of these elements is required for any organization to achieve their sales targets and to attract customers by communicating the right communication message about the products and services.
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