This is a filed of marketing learning, Please answer the following questions in

Question

This is a filed of marketing learning, Please answer the following questions in 1 heavy paragraph based on your marketing knowledge.

1. Demonstrate quantitative and qualitative analytical skills utilized in making marketing decisions.

2. Demonstrate the factors involved in the management of the marketing function relative to product development, promotion, pricing, physical distribution, and determination of marketing objectives within the framework of the marketing system in domestic and international markets.

3. Demonstrate a working knowledge and application of marketing terminology, concepts, activities and strategies.

4. Based on your learning experience how will the skills and knowledge learned assist you in the future (courses, life, profession)?

Explanation / Answer

Quantitative and qualitative analytical skill- Marketing decision involve identification of alternative and evaluate each alternative according to assigned value. If value matrices percentage revels maximum utility then such option get selected for final decision. Quantitative purpose the knowledge of inventory and logistic supply chain is must, where as for identification of customer need it require knowledge of quality aspect which customer do enjoy and do pay for it. Thus quality refers to filtration process or developing sustainability to product for strong stand in market.

Domestic and international market- Both market receive input from environment, and supply product to environment after value addition or after processed . This environment factors grouped in to internal & external . The external factor are beyond control of managements. But by analysis market situation proper purchase decision can be made for cost minimization & proper decision can be made to promote finish product.

Marketing strategies- Marketing strategics base on strong vision and forecast, Manager always engage in profit maximization activity. in attempt to maximize profit he has balance and proper use of available resources and search for potential resources. Potential resources involve young adult as active member to control the materialistic matter involve in business. May time it happen plan and actual output there is variance. To maintain quality output it require some strategic operation which regulate all internal factor. and maximum profit is possible within small care by minimizing variance and upgrade quality .

Being management student - syllabus contain basic theories of management which include resourcing, purchasing, proper use of resources viz manpower , machines & technology, and market and funds. As each one is very important to run its basic and analytical study help to understand its seriousness. If any person lack about this knowledge become victim of situation . If person unable to rectify problem then it may result in to victim of financial clutches. hence knowledge is most important factor run any organization.

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