Types of marketing information system, Marketing Management

Assignment Help:

Types of Marketing Information System: the information needs of the marketing job are large and diverse. It is not easy to classify that information into a few types:

1. Classification Based on the Purpose for Which the Information is used: as per this method marketing information can be classified into four groups as shown below:

1.        Information for marketing planning.

2.        Information for marketing operation.

3.       Information for key decisions in marketing.

4.       Information for key marketing control.

2. Classification based on the subject matter of the information: as per the second method of the classification, marketing information can be classified on the basis of the content or subject matter of the information, as shown below:

1.       Information on

2.       Products customers

3.       Pricing

4.       Distribution channels

5.       Promotion

6.       Sales force

7.       Competition

8.       Sales methods

9.       Internal operations of the firm

10.   External environment of the firm

Large organizations need more information: while every organization requires a continuous flow of the information for taking various marketing decisions, the information needs of large organizations are far greater for two reasons. Firstly, the size and complexity of the organizations decisions are taken. Secondly, in large organizations, the marketing decision makers are located away from the field of activity, the market. In the nature of things, they manage mostly on the basis of the information that reaches them.


Related Discussions:- Types of marketing information system

Production of advertisement, Q. Production of advertisement? Design as ...

Q. Production of advertisement? Design as well as production of advertisement involves a number of activities among them are writing copies Developing illustrations developing

Advertising management, Advertising management: advertising management inv...

Advertising management: advertising management involves the major decisions in the management of the advertising. Broadly it includes the following activities: 1.       Settin

Define the exchange process, Define the Exchange process Exchange proce...

Define the Exchange process Exchange process is developed and managed by researching consumer/ stakeholder needs, identifying, selecting and targeting particular groups of stak

What is line filling in product line, What is Line Filling in Product Line?...

What is Line Filling in Product Line? Line Filling: A product line can also be length though adding more items into present product range there are a few reasons for li

Marketing and Brand Management, could you heap for the Marketing and Brand ...

could you heap for the Marketing and Brand Management final project module Kindly advise Regards,

Illustrate the monitoring performance phase, Illustrate the Monitoring Perf...

Illustrate the Monitoring Performance Phase? Monitoring Performance Phase: If you have an internet marketing plan, then you can start implementing this right away. The f

Segment interrelationships and super -segments, Segment interrelationships ...

Segment interrelationships and super -segments In selecting more than one segment to serve, the company a company would-be wise to enter one segment at a time without revealing

Circle, THE CENTER OF THE CIRCLE PASSING THROUGH THE POINT (0,1)AND TOUCHIN...

THE CENTER OF THE CIRCLE PASSING THROUGH THE POINT (0,1)AND TOUCHING THE CURV y=x2 at point (2,4)

How is web marketing worked on internet, How is Web Marketing worked on int...

How is Web Marketing worked on internet? To do the business upon the internet organizations makes an effective website, place the advertisement (ads) and promote that online, m

Method of determining prices or setting price, Method of determining prices...

Method of determining prices or setting price: Cost of the production of a product is the most important determinant of its price. They may be many types of costs such as fi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd