MAR 102: Principles of Marketing
This course provides a profound understanding of marketing principles, strategies, and ethical considerations, emphasizing global dynamics, consumer behavior, and strategic adaptation to market changes.
This course provides a profound understanding of marketing principles, strategies, and ethical considerations, emphasizing global dynamics, consumer behavior, and strategic adaptation to market changes.
Marketing Fundamentals VIDEO
Introduction
Definition
Example
Quiz 1.1
Learning Objectives
Cross-Cultural Marketing Communications VIDEO
Characteristics of a Marketing Organization
Consumer Content
Consumer Orientation
Company Capabilities
Communication
Competition
Cross-Functional Contact
Quiz 1.2
VIDEOS
The Role of Marketing in the Firm
Macromarketing vs. Micromarketing
Service Marketing vs. Goods Marketing
For-Profit vs. Nonprofit Marketing
Mass Marketing, Direct Marketing, and Internet Marketing
Local, Regional, National, International, and Global Marketing
Consumer Goods Marketing vs. Business-to-Business (B2B) Marketing
Strategic Components of Marketing
Quiz 1.3
Branding Basics VIDEO
VIDEOS
The Marketing Mix
Product
Distribution
Promotion
Price
Integrating the Marketing Mix
Implementation and Budgeting
Evaluating Results
Quiz 1.4
Creativity _ Creative Processes VIDEO
VIDEO
Keys to Marketing Success
Prioritize Customer Satisfaction
Establish a Strong Company Image
Integrate Marketing Across the Organization
Develop a Unique and Contextual Strategy
Leverage Technological Advancements
Quiz 1.5
LEARNING OBJECTIVES
INTRODUCTION
Definition
Market Is People
Market Is a Place
Market Is an Economic Entity
Quiz 2.1
Social Marketing VIDEO
TYPES OF MARKETS
Consumer Markets
Industrial Markets
Institutional Markets
Reseller Markets
Quiz 2.2
VIDEOS
UNDERSTANDING AND APPROACHING THE MARKET
Undifferentiated Market (Market Aggregation)
Product Differentiation
Segmented Market
Conclusion
Quiz 2.3
VIDEOS
Bases of Segmentation
Ultimate Consumers
Organizations
Single-Base and Multi-Base
Qualifying Customers in Market Segments
Strategy of Market Segmentation
Segmentation Process
Quiz 2.4
Learning Objectives
Introduction
VIDEOS
Definition and Scope
Scientific Method in Marketing Research
Control in Marketing Research
Key Areas of Marketing Research
Conclusion
Quiz 3.1
Introduction
Making a Preliminary Investigation
Creating the Research Design
Conducting the Investigation
Processing the Data and Reporting Results
The Power of Data Mining
Summary
Quiz 3.2
VIDEOS
Introduction
Learning Objectives
The Impact of Early Consumer Marketing
Introduction
Buyer Behavior and the "Black Box"
The Role of Buyers in the Exchange Process
Defining the Market
Key Questions for Marketers
Buyer Categories
Quiz 4.1
VIDEOS
Introduction
Needs vs. Wants
1. The Decision Process
a. Need Identification
b. Information Search and Processing
c. Information Processing
d. Identification and Evaluation of Alternatives
e. Product/Service/Outlet Selection
f. The Purchase Decision
g. Postpurchase Behavior
2. Influencing Factors of Consumer Behavior
a. Situational Influences
b. External Influences
c. Internal Influences
Quiz 4.2
VIDEOS
Introduction
Characteristics of Organizational Buying
Types of Organizational Buying Situations
Stages in Organizational Buying Process
Conclusion
Quiz 4.3
Learning Objectives
Introduction
VIDEOS
Environmental Scanning
Importance of External Environment Analysis
Conclusion
Factors
External Surprises/Agencies
Competitors
Quiz 5.1
VIDEOS
Factors
Key Legal Issues in Marketing
Ethical Considerations in Marketing
Social Responsibility in Marketing
Quiz 5.2
Economic/Political Issues
Consumer Buying Power
The Business Cycle
Examples of Economic Influences on Marketing
Political Factors
Conclusion
Quiz 5.3
The Impact of Technology on Marketing: The Case of Electric Cars and Beyond
The Role of Technology in Marketing
Assumptions About the Future of Technology
The Future of Technology in Marketing
Challenges and Pitfalls
Conclusion
Quiz 5.4
VIDEOS
The World 20 Years Ahead with 2020 Vision VIDEO
Social Trends Impact
Demographic Changes
Demographic Groupings
Cultures and Subcultures
Conclusion
Quiz 5.5
Trends for Strategic Marketing
High Pace/High Peace: Balancing Fast Lifestyles with the Need for Tranquility
Kinnections: The Movement Toward Connectivity in Technology, Relationships, and Brands
Diversity/Destiny: Embracing a Multicultural America
Marketing by Life Stage: Understanding Consumers Beyond Traditional Demographics
Conclusion
Quiz 5.6
LEARNING OBJECTIVES
INTRODUCTION
Defining International Marketing
Understanding International Marketing
Levels of International Marketing
Example
Challenges and Success
Quiz 6.1
VIDEOS
Standardization and Customization in Global Marketing
Standardization: A Global Approach
Criticism and Adaptation
Balancing Standardization and Customization
Reasons for Entering International Markets
Additional Reasons for International Involvement
Reasons to Avoid International Markets
Conclusion
Quiz 6.2
The Stages of Going International
Exporting
Licensing
Joint Ventures
Direct Investment
U.S. Commercial Centers
Trade Intermediaries
Alliances
Conclusion
Quiz 6.3
Introduction
The Corporate Level
The Business Level
The Functional Level
Conclusion
Quiz 6.4
The International Marketing Environment
The Social/Cultural Environment
The Political/Legal Environment
The Technological Environment
The Economic Environment
The Competitive Environment
Conclusion
Quiz 6.5
Learning Objectives
Introduction
Introduction
Levels of a Product
Quiz 7.1
Introduction
Consumer Goods vs. Industrial Goods
Classification of Consumer Goods
Classification of Industrial Goods
Goods Products vs. Service Products
Conclusion
Quiz 7.2
VIDEOS
Introduction
Determination of Product Objectives
The Product Plan
Product Strategies
Approaches to the Market
Key Product Management Decisions
Product Mix Strategies
Conclusion
Quiz 7.3
Defining the "New" in a New Product
Strategies for Acquiring New Products
The New Product Development Process
Generating New Product Ideas
Screening Product Development Ideas
Business Analysis
Technical and Marketing Development
Manufacturing Planning
Marketing Planning
Test Marketing
Commercialization
Quiz 7.4
Learning Objectives
Introduction
Communication Appeals _ Tactics VIDEO
Integrated Marketing Communication
Buyer’s Perspective
Seller’s Perspective
The Role of IMC
Primary Tasks of IMC
Conclusion
Quiz 8.1
MARKETING COMMUNICATION
Key Components of Marketing Communication
OBJECTIVES OF MARKETING COMMUNICATION
HOW WE COMMUNICATE
Basic Elements of Communication
Types of Communication Systems
Marketing Communications
Quiz 8.2
Designing
The Promotion Mix
The Campaign
Quiz 8.3
Preparing the Media Release VIDEO
Introduction
The Organization of Advertising
Developing the Creative Strategy
Example 1
Developing the Media Plan
Example 2
Quiz 8.4
Introduction
Sales Promotion: A Multifaceted Tool
Types of Sales Promotion
Public Relations: Crafting a Positive Image
PR's Core Elements
Types of Publics in PR
PR Techniques
Integrating Sales Promotion and Public Relations
Types of Selling
Service Selling
Developmental Selling
Traditional Classifications of Selling
The Selling Process
Strengths and Weaknesses of Personal Selling
The Sales Force of the Future
Quiz 8.5
Learning Objectives
Introduction
Three Different Perspectives
The Customer's View of Price
Price from a Societal Perspective
The Marketer's View of Price
Pricing Objectives
Quiz 9.1
Pricing Strategy
Nonprice Competition
Competitive Pricing
New Product Pricing
Pricing in the Digital Age
Price Lines
Price Flexibility
Price Bundling
Psychological Aspects of Pricing
Quiz 9.2
Introduction
Cost-Oriented Pricing: Cost-Plus and Mark-Ups
Break-Even Analysis
Limitations of Break-Even Analysis
Target Rates of Return
Demand-Oriented Pricing
Value-Based Pricing
The Future of Pricing
Quiz 9.3
LEARNING OBJECTIVES
INTRODUCTION
THE DUAL FUNCTIONS OF CHANNELS
THE EVOLUTION OF THE MARKETING CHANNEL
FLOWS IN MARKETING CHANNELS
FUNCTIONS OF THE CHANNEL
Quiz 10.1
Media Relations Tips VIDEO
Introduction
Producer and Manufacturer
Retailing
The Structure of Retailing
Wholesaling
Functions of the Wholesaler
Physical Distribution
Key Relationships Between Physical Distribution and Channels
Quiz 10.2
ORGANIZING THE CHANNEL
Conventional Channels
Vertical Marketing Systems
Horizontal Channel Systems
THE CHANNEL MANAGEMENT PROCESS
Analyze the Consumer
Establish the Channel Objectives
Specify Distribution Tasks
Evaluate and Select from Channel Alternatives
Evaluating Channel Member Performance
THE HUMAN ASPECT OF DISTRIBUTION
Quiz 10.3
Introduction
Social Media Campaigns VIDEO
Old to New Media
Media Convergence
The History of Communicating with Many at Once
A Millennial Shift: Web 2.0 as User Contributions
Tools of Change: Online Cultures
Dominating Today: The Platform Economy
What Are Platforms?
Future Directions in the Online World
Quiz 11.1
Abstract
Introduction
Premises of Content Marketing
Developing a Content Marketing Strategy
12 Core Content Marketing Attributes
Quiz 11.2
Introduction
Key Terms and Concepts
Direct Marketing Strategy and Planning
Step-by-Step Direct Marketing Process
Email and Images
Measuring Success
Tools of the Trade
Advantages and challenges
Case Study - GlobalGiving
The Bigger Picture
Direct Marketing - Email and Mobile (Exercises)
Direct Marketing - Email and Mobile
Quiz 11.3
Website Developments VIDEO
Introduction
Key Terms and Concepts
Marketing with Social Media
YouTube
Snapchat
Other Social Media Options
Selecting the Appropriate Platform
Analytics for Social Media
Rules of Engagement
Advantages and Challenges
The Bigger Picture
Quiz 11.4
Introduction
Search Engine Optimization Overview VIDEO
Embracing AI in Digital Marketing
Quiz 12.1
Benefits of Implementing AI in Digital Marketing
Quiz 12.2
How Artificial Intelligence is Revolutionizing Marketing
Quiz 12.3
AI Technologies Enabling Marketing
Quiz 12.4
Potential Challenges in Implementing AI
Quiz 12.5
ASSIGNMENT
RUBRICS
Final Exam Instructions
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FINAL EXAM
General Questions
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