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1.4. Read the information and fill in correct prepositions ‘out’, ‘at’, ‘in’, ‘about’:

Marketing is the process of planning, designing, pricing, promoting and distributing ideas, goods and services, (1) … order to satisfy customer needs, so as to make a profit.

Companies point (2) … how the special characteristics or features of their products and services possess particular benefits that satisfy the needs of the people who buy them.

Non-profit organizations have other, social goals, such as persuading people not to smoke, or to give money to people (3) … poor countries, but these organizations also use the techniques of marketing.

(4) … some places, even organizations such as government departments are starting to talk (5) …, or (6) … least think (7) … their activities (8) … terms of the marketing concept.

1.5. Match the words below with their definitions:

1) target market

2) market segmentation

a) plan, usually annual, for a company’s marketing activities, specifying ex-penditure and expected revenue and profits

b) possibility of going into a market for

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3) marketing plan c)

4) marketing strategy d) 5) marketing opportuni- e) ty

6) marketing effort f)

the first time

division of the market or consumers into certain categories according to their buying habits

company’s marketing activities market in which a company is plan-ning to sell its goods

strategy or planning for marketing activities

2. THE 4 Ps

Text 2

After reading these texts explain how you understand the definitions in bold:

In the early 1960's, Professor Neil Borden at Harvard Busi-ness School identified a number of company performance actions that could influence the consumer decision to purchase goods or services. Borden suggested that all those actions of the company represented a ‘Marketing Mix’.

As a counter to this, Morgan, in Riding the Waves of Change (Jossey-Bass, 1988), underlined that one of the greatest limitations of the 4 Ps approach ‘is that it unconsciously emphasizes the in-side–out view (looking from the company outwards), whereas the essence of marketing should be the outside–in approach’. Neverthe-less, the 4 Ps offer a memorable and workable guide to the major categories of marketing activity, as well as a framework within which these can be used.

E. Jerome McCarthy divided marketing into four general sets of activities. His typology has become so universally recognized that his four activity sets, the Four Ps, have passed into the lan-guage.

The four Ps are:

product: deciding what to sell; price: deciding what prices to charge;

place: deciding how it will be distributed and where people will buy it;

promotion: deciding how the product will be supported with advertising, special activities, etc.

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A fifth P which is sometimes added is packaging: all the ma-terials used to protect and present a product before it is sold.

The four Ps, which are a useful summary of the marketing mix, are the activities that you have to combine successfully in or-der to sell.

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