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features of marketing information system1 data are regularly collected they are contionously updated as environmental conditions change2 the data
component of marketing information system1 internal records system marketing managers rely on internal reports such as orders sales prices inventory
needimportance of a marketing information systemthe need for marketing information can be understood by the following points1 marketing activity is
types of marketing information system the information needs of the marketing job are large and diverse it is not easy to classify that information
requirements of a good marketing information system1 through there will be a several information component and activity
marketing information system decision it is the marketing information system the marketing information system necessary to understand why particular
steps in mis design1 define the system the system for which design is to be made has to be defined in the terms of elements
uses or importance to economy1 production suitable production functions are adopted to meet the market demand in the absence
uses or importance to business and industry1 decision making tool marketing research is useful for taking marketing management decision it provides
marketing researchmeaning amp definition for the research research in the common parlance refers to the research for knowledge one can also define
limitations of the marketing researchfragmently many times marketing research tends to be fragmently in its approach as a result of which it becomes
marketing reasearch process1 specifying research objectives in this step of the research process researchers must first obtain answer to the question
marketing planningmeaning and definition marketing planning is a part of the process of overall planning of a business and industrial enterprise
characteristic of marketing planning1 marketing planning is a formal and syatematic approach towards planning of all marketing activites product
steps in the marketing planning plans in a corporate set up two levels of planning are in practise1 comprehence or overall
contents of marketing plans or structure of marketing plans1 executive summary and table of contents the marketing plans
scope of the marketing planningthe planning for the marketing is an extension of sales forecasting beyond the point where the future course of events
importance of the marketing planning the importance of the marketing planning is clear from the following1 to offset future
element of marketing planning marketing planning involves setting of objectives and making plans for how these objectives can be achieved it involves
factors affecting marketing planning a large number of factors affect the long term marketing planning these factors can be grouped under four
difficulties in marketing planning we know that marketing planning is concerned with the identification of resources that are available and their
market strategymeaning amp definition marketing strategy of a firm is the complete and unbeatable plan or instrument designed specifically for
strategic marketing decisionsstrategic marketing decisions are primarily concerned with external rather than internal marketing problems of the firm
factors affecting overall marketing strategies1 competitors counter moves this differ with the various marketing inputs most
formulating the marketing strategyformulation of marketing strategy consists of two main steps1 selecting the target market2 positioning the offer3