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Feb 02, 2023
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BA 223 - Marketing4 Credit(s)
Marketing is misunderstood, even by business leaders. Most people think that marketing is just sales, but marketing is much more than sales. In order to be successful, businesses must create products that consumers want, price them competitively, distribute them to where they are demanded, and promote their value. Marketing involves all of these things, and this course will give you practice making decisions related to all areas of marketing.
Prerequisite: BA 101 Learning Outcomes Upon successful completion of this course, students will be able to:
- Describe the evolution of marketing in the American economy
- Define “value” and explain marketing’s role in creating value for customers
- Understand the marketing process to include
- Cite the effects that society, economics, government, and technology have on marketing
- Explain qualitative and quantitative market research methods
- Compare and contrast consumer and organizational markets
- Describe the consumer decision making process and the major factors influencing consumer buying behavior
- Define the purpose and benefits of segmentation and targeting and describing the major approaches to doing so
- Explain the concept of positioning and assessing various positioning strategies
- Describe the new product development process
- Evaluate product line planning strategies
- Explain the stages of the product life cycle
- Describe the process of developing brand loyalty
- Compare and contrast the marketing of services and the marketing of goods
- Describe the role of distribution and explaining the importance of supply chain management
- List examples of major issues that marketers must consider when managing and developing international distribution channels
- Explain the importance of integrated marketing communications
- Assess the roles of the methods of communication
- List the different types of advertising and describing which method is best given certain situations
- Illustrate the relationship between price, value, and quality
- Differentiate the factors that affect pricing policy
- Recognize how the major elements of the marketing process apply to actual marketing situations
- State ways in which ethics can be integrated into the marketing process
- Understand the importance of relationship marketing
- Understand how legal issues affect marketing strategies
- Evaluate key trends in the global environment
- Understand the best practices in the contemporary marketing process
- Incorporate enhanced decision-making among promotional tools and determining cost effectiveness
- Understand the advertising strategies in a contemporary marketing campaign
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