Fundamentals of Marketing

Paper Code: 
ABM 101
Credits: 
3
Contact Hours: 
45.00
10.00
Unit I: 
Introduction to Marketing

Emergence of Marketing, Different Marketing Concepts /Philosophies, Difference between Selling and Marketing, Holistic Marketing Concept, Core concepts of Marketing, Markets

9.00
Unit II: 
Marketing Environment

Introduction, Need and Importance of Environment
Analysis, Methods of Analysis-SWOT, PEST, Internal
environment of the organization, External environment

9.00
Unit III: 
Product

Concepts, Levels of product, Product Life Cycle, New product development process, Product line concepts, Product line policies, Product Standardization vs. Product Adaptation

Pricing:
Pricing objectives, pricing methods and process, Factors influencing pricing

9.00
Unit IV: 
Physical distribution

Physical distribution concepts, functional areas of physical distribution, Levels of distribution channels (Consumer goods & Industrial goods), factors influencing selection of distribution channels

Promotion mix:
Advertising: Meaning, Medias, Merits and demerits of different types of media
Sales Promotion: Meaning, Consumer promotion & Dealer promotion tools, Public Relations: Meaning, Tools
Personal Selling: Meaning, Process,
Direct Marketing: Meaning, Importance.

8.00
Unit V: 
Consumer Behavior

Meaning and Definition, Consumer & Target Market, Cultural and Social Influences on Consumers, (Culture, Social Class, Reference Groups, Family & Demographics)

Essential Readings: 

• Philip Kotler, Kevin Keller, Abraham Koshy, Mithileshwar Jha: Marketing Management (Twelfth Edition), A South Asian Perspective; Pearson Education (Singapore) Pvt. Ltd.
• Rajan Saxena, Marketing Management, Fourth Edition, Tata McGraw Hill
• Belch George E, Belch Michael A, Advertising Promotion, Tata McGraw Hill Publishing Ltd, New Delhi 2013, 9th edition
• Michael J Evyl, Bruce J. Walker, William J. Stanton, Ajay Pandit, Marketing ,Tata Mc Graw Hill Education Pvt. Ltd 2010
• Rajiv Lal, John A. Quelch, V. Kastur Rangan, Marketing: Text and Cases, Tata Mc. Graw Hill Education Pvt. Ltd. 2009
• Namakumari & Ramaswamy, Marketing Management, Tata McGraw Hill Publishing Ltd., New Delhi.

Academic Year: