Marketing

Identify the type of retailer that Nordstrom’s is classified as. Describe the characteristics it shares with other retailers of this type.

My perception between marketing and consumer is that, there must be enough consumers to form a market, which comes up with marketers starting using strategies for “Marketing”. The relationship between marketing and consumer has always been varying. In the modern society, consumers are tend to be more demanding with their growing affluence, growing complexity of goods and services and also have more leisure. It has become more challenging or the organisations and especially in the service industries sector. (Nair, Suja R, 2009, p.467)

Foxtel has used the marketing environment to strategise their marketing scheme in order to regain clientele and maintain profits. The marketing environment is anything that creates an impact on the company (Sharp, 2013, p. 185). In this situation the elements of the marketing environment concerning Foxtel include the competitors and the customers. These factors

8. What are the five key dimensions of the marketing environment? How can marketers stay abreast of changes in each

SK-II is under the concentrated marketing. SK-II has the same marketing mix, and it is for the different customer’s segmentations, which are Demographic, Psychographic and Behavioral. There are 2 main product streams for SK-II, which are Skin Care and Cosmetics. The different product has different effect, like Whitening, Wrinkle Resilient and Spot Control. (*7) The price of SK-II is costly and not adjustable, but there are various seasonal packages for their customers in order to attract them to purchase more and more. Also, there are several selling channels for SK-II, such as Sogo Department Stores, Lane Crawford, Watson’s and Mannings. Excluding those channels, SK-II has their own concept stores in Kowloon Bay and Shatin as well. (*8) For the promotion of SK-II, the two most important ways are from Television and Magazine advertisements with their famous ambassadors.

Marketing involves an ongoing process. The environment is "dynamic." This means that the market tends to change—what customers want today is not necessarily what they want tomorrow. For example, sales of beef are declining in the United States because

Another reason was its bids conversion ratio which was falling year by year which can be seen from following table:

Marketing environment is in relation to the marketing organization, its internal environment, microenvironment, and macro-environment. In the macro- environment, we identified several forces at play – political, economic, sociocultural, technological and legal (commonly referred to as the PESTL model).

Two of the main levels of the marketing environment are Micro and Macro environment; these are what the marketing environment actually consists of.

1. After reading the article I have changed my thinking on how I would reach out to the baby boomer generation. I used to think it was wrong to use social media to market towards baby boomers and generation x and I was wrong. I am pretty amazed on how many people from this generation are using sites like Facebook, Linkedin, Twitter, and Myspace. I will definitely keep social networking at the top of my list as a way to market towards these generations. More specifically I will primarily use Facebook as the main source of marketing because more than 1/3 of baby boomers and half of Generation X has a Facebook page.

Consumers are the centre of many marketers work. While the consumer is part of the marketing environment, it is also very important to recognise and understand the more personal and specific influences effecting consumers and the nature of the decision making process they use.

Marketing's role is to match the capabilities and resources within the organisation with market opportunities external to the organisation. Understanding customer needs is central to achieving this aim, but marketers must also be aware of factors that can cause customer needs to evolve. A change in customer needs will impact upon the organisation's ability to serve its customers. This means that marketers have to be knowledgeable about what is happening in the external environment, or macro environment.

The best time to promote Victoria’s Secret would be in the afternoon, when women are getting home from work or out of school. They promote with young sexy models wearing their lingerie which may attract women because they want to look sexy like the models. Victoria’s Secret has it owns Victoria Secret Pressroom (vspressroom.com). This website has information on the latest styles, seasonal looks news, events and press releases. There are also articles released on trends and styles in magazines by Victoria’s Secret. Lastly, VS has mobile messaging and advertising. They are on Facebook, Pinterest, having their own apps and they send updates to people who sign up for this.

This essay will discuss the marketing environment as a whole, and will look in detail at certain aspects

According to Principles of Marketing, marketing environment consists of microenvironment and macroenvironment factors (Kotler and Armstrong 90). On one hand, microenvironment states that a successful marketing requires building relationships with other company departments, suppliers, marketing intermediaries, competitors, various public, and customers. On the other hand, macroenvironment states that there are several opportunities and threats that affect one’s company. These factors include demographic, economic, natural, technological, political, and cultural forces.