Page 15 - EBOOK DPM 10013 POM-FINAL 25.10.2021
P. 15

1.1  What is marketing?

               Several authorities throughout the world have defined marketing as follows on  Table

               1.1show the definition of marketing

                                            Table 1.1: Definition of Marketing

                                                     Define Marketing

                    The  process  by  which  American            Marketing  The Chartered Institute of
                    companies  create  value  Association  (AMA,2007)  Marketing,  of  Marketing

                    for  customers  and  build  defines as activities, set of  based in United Kingdom

                    strong           customer  institutions and processes  defines marketing as the
                    relationships  to  capture  for                creating   management         process

                    value  from  customers  in  communication,                responsible             for

                    return. (Armstrong, 2017)  delivering  and  exchange  identifying,  anticipating,

                                                 offering  that  have  value  and  satisfying  customer
                                                 for  customers,  clients,    requirement  profitably’

                                                 partners  and  society  at   (CIM,2007)
                                                 large.



               1.1.1  What Can Be marketed?

                                            Table 1.2: What Can Be marketed


                           No           What Can Be                Examples
                                        marketed

                           1            Goods                      Cloths, foods, drinks

                           2            Services                   Car wash, Laundry


                           3            Places                     Langkawi, London

                           4            Ideas                      Motivation

                           5            Events                     Malaysian fair


                           6            Properties                 Factory, Offices

                           7            Organizations              Potter & Gamble

                           8            Information                Vaccination


                           9            Experiences                Hiking toward Everest


                                                                                                         3
   10   11   12   13   14   15   16   17   18   19   20