Exploring the new market decision
Answers
Explanation:
marketingmarketing is related to the exchange of goods and services through its medium the goods and services about to the place of conception the following activities are undertaken in respect of the exchange of good and new market decisions are:-
1. analysing market information
2. marketing planning
3. product designing and development
4. standardization and grading
5. packaging and labelling
6. branding
7. customer service support
8. storage or warehousing
9. transportation
10. promotion and pricing of product
in order to achieve the objective of an organisation with regard to its marketing ,the marketer chalk out his marketing planning. for example a company has a 25% market share of a particular product. the company wants to raise it to 40%.in order to achieve this objective the marketer shall have to prepare a plan in respect of the level of production and promotion efforts. it will also be decide as to who will do what when and how. to do this is known as marketing planning.