What is Marketing and its traditional approuches Ms. Aiyls D. Malubag Objectives the learners... •Define and understand marketing •Describe the traditional approuches to marketing sell your money! Present a paper bill from one of your group members. it could be a 20 peso bill, a 50 peso bill, or higher. your group's objective is to try to convince your classmates that this peso bill is worth more than its face value. Brainstorm on ways to make this possible and then present your “pitch” in front of the class. you will then give a suggested retail price (SRP) based on rubrics Criteria Details Total pts effectiveness of pitch were there any takers for the proposal? 25 Creativity of pitch how innovative was the sales pitch? What insights did the group gain from the process? 15 Insights 10 50 Your pts marketing ”Marketing is all about creating value through the exchange process” marketing basic components Needs Wants Demands Exchange Market scope of Marketing Goods Services Events Properties Persons Experiences Places Organizations Information Ideas marketing needs A human need is a state of felt deprivation. Human have many complex needs. These needs are part of the basic human nature. a. Basic, physical needs for food, clothing, warmth, and safety. b. Social needs for belonging and affection. c. Individual needs for knowledge and selfexpression. wants A human want is the form that a human need takes as shaped by culture, individual personality and social and environmental forces. Effective marketing through creating an awareness of good products sold in convenient locations can obviously form a DEMANDS Humans wants that are backed by buying power. Consumers view products as bundles of benefits and choose products that give them best bundles for their money. People demand products with the benefits that add up to the most satisfaction. exchange Marketing happens when a buyer and a seller exchange something of value. The buyer gained something and the seller has given up something but both of them are more contented because each has satisfied their unmet needs. Market People with both desire and ability to buy a specific product/service. The desire to buy a certain product/service of people with unmet needs is not sufficient. People also must have the ability to buy like authority, time and money. Goods Physical goods comprise the volume of most countries’ production and marketing effect. The Philippines produces and markets billions of physical goods. In developing nations like this country, goods particularly food, commodities, clothing, and housing are the stronghold of the Services As economies progress, a growing proportion of their activities are concentrated on the production of services Experiences Through organizing a number of services and goods, one can generate, stage, and market experiences. Events Marketers endorse timeevents. Persons Celebrity marketing has turn into a main and popular Places Cities, states, regions and nations battle to magnetize tourists, factories, company headquarters, and new residents. Properties Intangible rights of ownership of either real property or financial property Organizations Aggressively labor to create a strong, positive image in the mind of their Information Production, packaging and distribution of information is one of the society’s chief Ideas Each market offering has a fundamental idea at its core. THANK YOU