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MKT- 243 Fundamentals Of Marketing Assignment Sample UiTM Malaysia

The Marketing course will teach you the fundamentals of marketing. It includes topics such as why people buy from companies, which words and images make them more likely to purchase a product or service etc., among others that are crucial for anyone who wants business success.

To understand marketing, it is important to first understand what it is and why people buy from companies. Marketing is the process of creating value for a company through the creation and distribution of products or services. It is about understanding the needs and wants of customers and then creating a unique offering that meets those needs.

People buy from companies for a variety of reasons. Some people may buy because they need a product or service, while others may buy because they like the company or the brand. Whatever the reason, companies need to create a marketing strategy that will appeal to their target customer base.

There are several different aspects to marketing, including branding, advertising, and public relations. Each of these areas has its own set of techniques and tools that can be used to reach customers and promote a company’s products or services.

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If you take a close look at the For MKT- 243 Fundamentals Of Marketing Assignment, you’ll notice that it’s divided into three sections:

1) The first section is about the company’s history and its current marketing situation.

2) The second section is all about the target market that the company has chosen.

3) The third and final section is the company’s marketing mix, which includes the 4 Ps of marketing.

Assignment Task 1: Describe The Concept Of Marketing, Component Marketing Mix, And Principles Of Marketing

Marketing is the process of creating value for a company through the creation and distribution of products or services. The goal of marketing is to generate demand for these products or services so that the company can make a profit.

The component marketing mix refers to the four key elements of marketing: product, price, place, and promotion. The principles of marketing are designed to help guide decisions made within each of these areas. Some of the most important principles include customer focus, innovation, and sustainability.

When it comes to marketing, the most important thing is to focus on the customer. This means understanding their needs and wants and then creating a product or service that meets those needs. It is also important to be innovative in your approach so that you can stand out from the competition. Finally, it is essential to consider sustainability when making marketing decisions so that you can create long-term value for the company.

Assignment Task 2: Employ Techniques And Skills Necessary For Managing Business

To manage a business effectively, it is necessary to possess a variety of skills and techniques. Some of the most important ones are listed below.

  1. Communication Skills: It is essential to be able to communicate effectively with employees, clients, and other stakeholders. This includes being able to listen attentively and transmit information accurately.
  2. Problem-Solving Skills: A manager must be able to identify and solve problems quickly and efficiently.
  3. Organizational Skills: A manager needs to be able to keep track of multiple tasks simultaneously and stay organized under pressure.
  4. Leadership Skills: A good manager leads by example, inspiring employees to give their best while also setting clear expectations and providing direction when needed.
  5. Financial Skills: A manager should have a basic understanding of financial concepts and be able to make sound decisions about the company’s finances.

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Assignment Task 3: To Demonstrate Teamwork Through Group Assignment In Preparing A Marketing Plan

To demonstrate teamwork through a group assignment in preparing a marketing plan, each member of the team must be responsible for different aspects of the project. This will help ensure that the project is completed on time and to the highest standards possible. Furthermore, team members should regularly communicate with each other to ensure that everyone is on the same page.

Finally, it is important to have a system in place for resolving conflicts that may arise during the project. By following these tips, your team will be able to complete your marketing plan and do so in a way that highlights the importance of teamwork.

Additionally, all team members must be able to communicate effectively with one another. This will help ensure that everyone is on the same page and that no questions or concerns go unanswered. By working together as a team and communicating effectively, you can demonstrate teamwork skills that will be beneficial in any career field.

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