Solution Manual for Marketing 20th Edition by William M. Pride, O. C. Ferrell

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Chapter 1: An Overview of Strategic Marketing

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CHAPTER 1

An Overview of Strategic Marketing TEACHING RESOURCES QUICK REFERENCE GUIDE Resource Key Terms Side-By-Side Comparison of the Major Topics and Learning Objectives What’s New in This Chapter Purpose and Perspective Lecture Outline Discussion Starters Class Exercises Answers to Discussion and Review Questions Comments on the Cases Video Case 1.1 Case 1.2 MindTap Updates Examination Questions: Essay Examination Questions: Multiple-Choice Examination Questions: True-False PowerPoint Slides

Location IRM, p. 1 IRM, p. 1 IRM, p. 2 IRM, p. 2 IRM, p. 3 IRM, p. 10 IRM, p. 12 IRM, p. 14 IRM, p. 16 IRM, p. 16 IRM, p. 17 IRM, p. 18 Cognero Cognero Cognero Instructor’s website

KEY TERMS customer lifetime value (CLV) customer relationship management (CRM) customers exchanges green marketing

market orientation marketing

product relationship marketing

marketing concept marketing environment marketing mix

stakeholders target market value

SIDE-BY-SIDE COMPARISON OF THE MAJOR TOPICS AND LEARNING OBJECTIVES A-Head 1-1 Defining Marketing 1-2 Marketing Deals with Products, Distribution, Promotion, and Price 1-3 Marketing Creates Value 1-4 Marketing Occurs in a Dynamic Environment 1-5 Understanding the Marketing Concept 1-6 Customer Relationship Management

Learning Objective 1-1 Define marketing. 1-2 Explain the different variables of the marketing mix. 1-3 Describe how marketing creates value. 1-4 Briefly describe the marketing environment. 1-5 Summarize the marketing concept. 1-6 Identify the importance of building customer

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