Marketing Fundamentals: Strategies, Planning, and Targeting
Core Marketing Definitions
Branding: The process of developing and strengthening a brand’s identity to achieve prestige, recognition, and brand loyalty.
Commercial Marketing: Creating a marketing strategy to determine consumer needs and wants, convincing them to purchase products to generate profit.
Social Marketing: Aims to influence behavioral change and raise contributions to generate positive impacts for society.
Social Media Marketing: A marketing approach that uses social networking apps and platforms to market a firm’s goods or services and interact directly with customers.
Organizational Marketing Goals
For-Profit (Business) Organizations: The primary goal is to generate profit by selling goods and services.
- Commercial marketing: To convince