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MKT 500 Marketing Management course is the process that involves planning and executing different business activities for the accomplishment of individual as well as organizational goals. It is a long term process that includes analysis and implementation of marketing management to attain organizational objectives. It is concerned with all those activities that take place in the organization to fulfil the customer's needs and demands.
Various marketing elements help in the assessment of domestic and foreign companies. With the help of marketing management, it will be easier for the organization to make effective decision making so that the organization's motive can be achieved. Apart from this for the effective running of the organization, development, and implementation of marketing Mix is very necessary. Marketing Mix involves price, promotion, product, and distribution as these four elements play a vital role in the survival of the business and also to create customer value.
Every company wants to be at the top by increasing their sales and profits but it can only be possible if the organization understand that there are certain key marketing concepts which need to be analyzed such as consumer buying behaviour, market research, pricing strategies and the design of marketing channel. Once these elements are examined by the organization, hence will result in further growth and expansion which will lead to the achievement of organizational goals. By the study of this course, students will understand the concept of marketing management and its importance in every organization.
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