Overview of Marketing
Last Revised August 1, 2007

Chapter 1 Learning Objectives

1.

Define "Marketing' and related concepts.

2.

Explain the difference between for-profit and nonprofit marketing.

3.

Understand how marketing evolved.

 

I. What is marketing? see: American Marketing Association's definition

A. It is a process

 

 

B. Satisfy needs of a Target Market

 

 

C. Marketing Mix

 

 

D. Customer Relationships see: American Customer Satisfaction Index

 

 

II. Is marketing always about making money? 

 

  

 

III. History of Marketing:

 

A. Production Era

 

B. Sales Era

 

C. Marketing Concept Era

 

D. Customer Era