Marketing 2013 - 2014 Teacher: Mr. Valanzano Office: W201-C Room: W105 Contact: avalanzano@sfponline.org Introduction This is a half-year (1 semester) course intended to provide a basic understanding of marketing concepts and how they are used in the business world today. The topics that will be covered include: background of what makes up marketing, economic factors that impact marketing, promotion and advertising concepts, buying and distributing, pricing, market research, and product planning. Course Goals - To create an understanding of how marketing concepts are used in today’s business world. - To develop knowledge and understanding of terms used in common business and marketing practices. - To make students aware of how marketing works as a means of promoting a product, service, and/or company in order to earn a profit. - To establish the understanding of all forms of business organizations and how marketing is used in all of them. - To increase the ability to apply reason and logic to everyday situations. Required Materials Textbook – Marketing by James L. Burrow; 3rd edition; 2012 (You will get a book to take home and we will have a class set.) 2 Notebooks - Any kind of notebook/binder you want for class (Preferably with a folder) - Marble notebook for advertisement/commercial critiques Calculator (for certain topics) Grading Final Grade: Quarter Grades (40% each x 2 quarters) Final Project 80% 20% ________________ 100% ~1~ Quarter Grades: Exams/Projects 100 points each Quizzes 25-75 points each Weekly Ad/Commercial Critiques 50 points Classwork Assignments 5-40 points each Class Participation & Behavior (see below) 100 points YOUR QUARTER GRADE WILL BE DETERMINED BY TAKING THE TOTAL NUMBER OF POINTS YOU EARNED DIVIDED BY TOTAL POSSIBLE POINTS. - There will be 1-2 exams given each quarter. For some topics, a project will be assigned in place of an exam. The project could be an in-class project, take home project, or both. Each exam and project will be worth 100 points. Some project will also require a presentation. - Starting with the first full week of classes, you will be required to find an advertisement or commercial and critique it. Print ad - you can staple it in your marble notebook. Poster or billboard - you can take a picture of it, print it, and staple it in your book Commercial - you need to write down what is being advertised, what channel it was on, during what show, and what time of day it was on. You will then critique it based on your own ideas and things you learn in class. It can be a positive or negative critique, or both. Your write up need to be 1 paragraph long. These will be due every Friday unless I instruct you otherwise. All of your critique assignments for a quarter will be worth 50 points. - If you are in class on any Friday a critique is due and do not hand one in, you will lose 5 points from BOTH your critique and class participation & behavior grade. If you are absent on any Friday one is due, you must hand one in the next day you are in class. - Quizzes will be given throughout each quarter. They will be worth 25-75 points each and vary in content and style. - Class Participation & Behavior: Everyone will start with 100/100 for their class grade. You will lose points from this grade in the following ways: - Missed homework = -5 points - Not prepared for class = -3 points - Interruptive, disruptive, and/or disrespectful behavior = -2 points - Caught with cell phone out/cell phone taken away = -3 points - Eating in class = -3 points - Excessive lateness/no pass when absent or late/excessive bathroom breaks = -2 points - Homework will not be given every night but it is expected to be completed when it is assigned. Unless otherwise specified, homework is due the following class day. - Any assignment handed in after the deadline has passed will have 5 points deducted from the grade each class day until it is handed in. (ex – late 25 point quiz is a zero after 5 class days) - CELL PHONE POLICY: During any quiz and test given in class, all cell phones will be collected and placed in front of the room before we start. You may have your phone back once you hand in your test or quiz. If you are caught with a cell phone out while taking a test or quiz, it will be an automatic zero and you will be written up for a detention and/or honor code. ~2~ *** DUE DATES FOR ALL ASSIGNMENTS AND DATES OF EXAMS & QUIZZES WILL ALWAYS BE POSTED IN THE CLASSROOM AS WELL AS MY TEACHER PAGE AND ANNOUNCED AHEAD OF TIME! TENTATIVE COURSE OUTLINE Introduction to Marketing What is the most crucial part of the marketing mix (4 P’s) when relating to target markets? When analyzing logos and trademarks, which is the most recognizable to the target market? What is brand recognition? What is the difference between goods and services? What is the best way to market each one? What is the difference between a customer and a consumer? How does supply and demand work? Economic Factors in Marketing How does the economic system of a country affect the way companies market their products? What role does supply and demand play in the way marketing occurs? How are company revenues and profits influenced by the economic system of a country? What is free enterprise? What is competition? What do we need to know about our competition? What is a monopoly? Promotion & Advertising What roles does advertising play in our free commerce system? What parts of the promotional mix are most important when reaching out to a target market? What appeals to the consumer when it comes to advertising and promotion? What is licensing? What are the different types of media? What is a slogan? Buying and Distribution What does the buying and distribution cycle have to do with the pricing that is passed on to the consumer? How does the price that goods are purchased for affect how the marketing mix and programs are established for that good? What are the different types and channels of distribution? What is a buyer? What is a purchasing agent? What is stock turnover? ~3~ Pricing What is the effect pricing has on our beliefs about products and services? With all other things remaining the same, is price the mist important part of selecting a product or service to purchase? What is market share and market position? What is the difference between elastic and inelastic demand? Why are price fixing and price discrimination wrong? How do you calculate markup? What are the different types of pricing and how are they calculated? How are discounts calculated? Marketing Research What importance does marketing research play in the overall marketing strategy of a new product? If marketing strategy were done away with, would the products and services we have in our society be as tailored to our needs as they are now? What are the different types of research? (Marketing, advertising, product, test, market, sales, point-of-sale) What is the difference between primary and secondary data? Once date is collected, how is it analyzed and used for marketing? Product Planning When deciding what times to include in a product line, how much does marketing research play into the overall plan? Does product research play the most important role in developing a product/marketing plan? Does the product line a company produces really sell the product or do we need advertisements and reminders of the products? What makes a product recognizable? What is branding? What are trade names and brand names? FINAL PROJECT As the final grade of the course (worth 20% of overall grade), students will complete a group marketing research/marketing plan project. Tentative project idea: o In groups, you will act as the marketing department of an actually company which ranks outside of the top 3 in their respective industry. You will conduct market research and come up with a marketing plan to get your company into the top 3. You will hand in a copy of the plan as well as present your idea to the class. ~4~ --------------------------------------------------------------------------------------------------------------------After reviewing this syllabus, please bring it home and sign it, as well as have one of your parents/guardians sign it. Tear off this part of the syllabus and hand it on Monday 9/9 as part of your first homework assignment. By signing this syllabus, the student agrees to abide by all policies and guidelines outlined in this syllabus and the parent/guardian confirm reviewing it and agree that their child will abide by it as well. Parents/guardians also consent to allow their child to watch all movies/documentaries that may be shown in class, some of which are rated R. ______________________________________ Student signature ___________________________________ Parent/guardian signature ______________________________________ Student print name ___________________________________ Parent/guardian print name ~5~