Description

Principles of Marketing

FYBMS Semester II

Syllabus

Module -1 : Introduction to Marketing (15 Lec.)
♦ Introduction to Marketing : Definition, features, advantages and scope of marketing. The 4P’s and 4C’s of marketing. Marketing v/s Selling. Marketing as an activity and function.
♦ Concepts of Marketing: Needs, wants and demands, transactions, transfer and exchanges.
♦ Orientations of a firm: Production concept; Product concept; selling concept and marketing concept, social relationship, Holistic marketing.

Module-2 : Marketing Environment, Research and Consumer Behaviour (15 Lec.)
♦ The micro environment of business: Management structure; Marketing Channels; Markets in which a firm operates; competitors and stakeholders.
♦ Macro environment: Political Factors; Economic Factors; Socio-Cultural Factors, Technological Factors (PEST Analysis)
♦ Marketing research: Meaning, features, Importance of marketing research. Types of marketing research: Product research; Sales research; consumer/customer research; production research.
♦ MIS – Meaning, features and Importance.
♦ Consumer Behavior – Meaning, features, importance, factors affecting Consumer Behavior.

Module – 3 : Marketing mix (15 Lec.)
♦ Meaning – Elements of Marketing Mix
♦ Product-product mix – product line lifecycle – product planning – New product development – failure of new product – levels of product
♦ Branding – Packing and packaging – role and importance
♦ Pricing – objectives- factors influencing pricing policy and Pricing strategy
♦ Physical distribution – meaning – factor affecting channel selection -types of marketing channels
♦ Promotion – meaning and significance of promotion. Promotion tools (brief)

Module-4 : Segmentation, Targeting and Positioning & Trends in Marketing (15 Lec.)
♦ Segmentation – meaning, importance, basis
♦ Targeting – meaning, types
♦ Positioning – meaning – strategies
♦ New trends in marketing – E-marketing, Internet marketing and marketing using Social network
♦ Social marketing/ Relationship marketing