dq123.docx - In the first week of our course of “Principles of Marketing” we have covered various topics such as creating the customer relationship

In the first week of our course of “Principles of Marketing”, we have covered various topics such as creating the customer relationship and values with the help of marketing, scanning the marketing environment and developing marketing and organizational strategies. These topics are most important aspects of marketing which is very useful in the professional career. Considering and applying these concepts help to gain the optimum goal of marketing. Marketing can be defined as the process due to which a value is created for customers by the companies and strong customer relationship is built and value from customers is gained in return (Pore, 2015). In this week, we also learnt about the four P’s of marketing which are product, price, place, and promotion. As applied to my professional career in decision making and leadership and marketing, I will consider these four P’s while making the marketing strategies for the company.

Unformatted text preview: When there is proper marketing of a good product, then it creates favorable condition for the business profit. All these four P’s of marketing are very crucial in order to make a fruitful decision. Similarly while taking decision for my future business, I will consider all the environmental factors, political and social factors that might affect my business. I will analyze the needs and wants of the consumer and quality and price they prefer and then take proper marketing strategies and promote my products. Hence, I will take into consideration the learning outcomes of this week so that I can make proper decision and manage the marketing strategies. References Pore, D. (2015). marketing . Retrieved from indiaclass.com: Kerrin, R. A., Hartley, S. W., & Rudelius, W. (2019). Principle of Marketing (14th ed.)., New York: McGraw-Hill Irwin....
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