Professional Documents
Culture Documents
PART – A (5 x 2 = 10 MARKS)
1) Define marketing
Marketing is the social process by which individuals and groups obtain what they need and
want through creating and exchanging products and value with others.
4) Mention the factors involved in Michel porter model for competitive analysis
Michael Porter presented a framework for analyzing competitors. This framework is based on
the Following four key aspects of a competitor:
Competitor's objectives
Competitor's assumptions
Competitor's strategy
Competitor's capabilities
When the product is introduced, sales will be low until customers become aware of the product
and its benefits. Some firms may announce their product before it is introduced, but such
announcements also alert competitors and remove the element of surprise. Advertising costs typically
are high during this stage in order to rapidly increase customer awareness of the product and to target
the early adopters. During the introductory stage the firm is likely to incur additional costs associated
with the initial distribution of the product.
PART – B (5 x 8 = 40 MARKS)
6) Critically analyze the importance of marketing department relationships with other functional
departments in the organization.
7) How the environmental intervention does affect the marketing management? Explain.
12) Explain the stages of product life cycle with suitable example