MKT571 Marketing
Course Description
This course prepares students to apply marketing concepts to create and sustain customer value. Students learn to solve marketing problems in a collaborative environment. Topics include market research, customer relationships, branding, market segmentation, product development, pricing, channels, communications, and public relations.
Topics and Objectives
Understanding Marketing Management
- Identify fundamental marketing concepts, trends, and tasks.
- Identify components of an effective marketing plan.
- Apply the market research process in developing a business solution.
Buyer Behavior
- Analyze how organizations build strong customer relationships and customer value through marketing.
- Explain the factors that influence consumer purchasing decisions.
- Analyze how markets are segmented to form target markets.
- Explain the important decisions involved in developing branding strategies.
Product Development and Pricing Strategies
- Apply a product development decision process to a new product or service launch.
- Describe marketing strategies that increase service quality.
- Evaluate pricing strategies and programs for setting and adapting the price of a new product or service.
Channel Strategies and Foreign Markets
- Evaluate marketing channel strategies for a new product or service.
- Evaluate strategies for entering foreign markets with a new product or service.
Communicating Value
- Evaluate factors involved in developing and managing an effective marketing communications plan for a new product or service.
- Evaluate advertising and promotion programs for a new product or service.
- Evaluate technology trends in marketing.
Public Relations and Ethics in Marketing
- Analyze the role of ethics and social responsibility in marketing.
- Evaluate public relations strategies for a new product or service.
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