Physical Distribution
Physical distribution is a critical aspect of business operations involving the planning, implementation, and control of the flow of goods from origin to consumer. Philip Kotler and William J. Stanton have defined physical distribution as a process of managing the movement of goods to meet consumer
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Introduction to Marketing Management
Explore the fundamental concepts of marketing, including definitions by prominent figures like Philip Kotler and Peter Drucker. Learn about the importance of effective marketing in placing products in the hands of target customers.
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Understanding Marketing Management: Key Concepts and Features
Marketing management involves decision-making, planning, and control of a company's marketing aspects to generate profits and satisfy customer demand. It encompasses setting goals, developing plans, organizing functions, implementation, and control. Features of marketing concept include customer foc
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Understanding International Distribution Channels
In the modern era of large-scale production and specialization, producers face challenges in distributing their goods to consumers. International distribution channels play a crucial role in connecting producers with consumers through various intermediaries. Definitions by Philip Kotler, Richard Bus
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Kotler's Five Product Levels Model and Competitive Strategies
Kotler's Five Product Levels Model redefines marketing as an organization-wide responsibility, focusing on Core Product Benefits, Generic Product, Expected Product, Augmented Product, and Potential Product. Strategies for each level aim at creating competitive differentiation. Implementation actions
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Understanding the Marketing Mix: Exploring Product, Price, Place, and Promotion
Delve into the world of marketing mix through the lens of product, price, place, and promotion. Learn how businesses strategically utilize these elements to market and sell their products, as defined by Philip Kotler. Discover the importance of focusing on the benefits that products offer to consume
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