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Unit 3 - Introduction to Marketing Assignment

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Reference no: EM132405357

Unit 3 - Introduction to Marketing Assignment

Edexcel BTEC Level 3 90 Credit Diploma in Business

Learning Outcomes -

1. Know the role of marketing in organisations.

P1- Describe how marketing techniques are used to market products in two organisations.

P2 - Describe the limitations and constraints of marketing.

2. Be able to use marketing research and marketing planning.

P3- Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans.

P4 - Use marketing research for marketing planning.

3. Understand how and why customer groups are targeted.

P5- Explain how and why groups of customers are targeted for selected products.

4. Be able to develop a coherent marketing mix.

P6- Develop a coherent marketing mix for a new product or service.

Aim of the unit: The aim and purpose of this unit is to give learners an understanding of how marketing, research and planning and the marketing mix are used by all organisations.

Assignment 1: Marketing activities, research and planning in organisations

Scenario: You have been appointed as a junior marketing consultant for a professional organisation for marketers. As part of initial training within the probation period, you have been given a number of tasks to evaluate the marketing activities of different companies and produce a report on at least two business organisations, preferably from two different business sectors such as profit and not-for-profit; public and private sectors.

Task 1 - For this task, select two different business organisations from two different sectors as mentioned above and include the following in your report:

P1. Describe how marketing techniques such as growth strategies (Ansoff's Matrix); survival strategies; branding and relationship marketing are used to market products in the two selected organisations.

P2. Describe with suitable examples the limitations and constraints of marketing with reference to legal requirements (Sale of Goods Act 1979, The Consumer Protection from Unfair Trading Regulations 2008, Consumer Credit Acts 1974 and 2006, Consumer Protection (Distance Selling) Regulations, Data Protection Act 1998); use of voluntary codes, e.g. Code of Advertising Practice and Advertising Standards Authority; pressure groups and consumerism; and acceptable language.

Task 2 - You have now been given a second task which involves investigating and reporting on how the two selected business organisations use market research data to develop their marketing plans. Your report should include the following:

P3. Describe how one of the selected organisations uses marketing research such as qualitative; quantitative; primary internal/external research; and secondary internal/ external research to contribute to the development of its marketing plans.

P4. Describe how the same organisation mentioned above, utilises data and information collected through marketing research for marketing planning.

Assignment 2 - Segmentation and Targeting

Task 3 - In recognition of your marketing knowledge and practicality, the senior consultant has now assigned you to produce an information sheet which involves examples of segmentation and targeting of about six different products. You may continue with the two previously selected business organisations and for each organisation, select at least three products. Then explain how and why each organisation segment and target potential groups of customers for their products.

P5. Explain how and why groups of customers are targeted for selected products.

Your information sheet should include products for both consumer and business to business markets and different methods of segmenting the market (e.g. geographic, demographic, psychographic, lifestyle, size, region, value, public/private/voluntary sector, product, industry) for different products.

Assignment 3 - Marketing Mix

Task 4 - Based on your experience, you have developed a great desire to set up your own business and have hence been advised to develop a proposal for a coherent marketing mix for a product or service targeted to a defined group of potential customers. Your fourth task is about developing a marketing mix based on at least the 4 P's (product; price; place; promotion) for a new market.

NOTE: You may still continue with one of the previously selected business organisations and select one of their products for this task.

P6. Develop a coherent marketing mix for a new product or service.

Attachment:- Introduction to Marketing Assignment File.rar

Reference no: EM132405357

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