market research, product development, promotion, market, TV, commercials, Referat, Hausaufgabe, Advertising
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WHAT IS ADVERTISING? Every day when we watch TV or read the newspaper, we come across advertisements. Advertising persuades people to buy a certain product. It brings goods to the attention of consumers. People who are concerned with marketing deal with: 1. Market research 2. Product development 3. Promotion 1. MARKET RESEARCH The main idea of market research is, to find out whether a product is needed, whether people would buy it and what kind of people that are. These people are called TARGET GROUP. Market research is often carried out buy specialist organisations, they make market surveys and customer tests to find out preferences in design, quality, colour and taste. This information is used to decide whether to produce a product, how much it should cost and how it should be promoted. 2. PRODUCT DEVELOPMENT There are two ways of product development. On the one hand the product-oriented companies and on the other hand the market-oriented companies. Product-oriented companies invest a lot of money and time in finding new or im-proved goods to sell them on the market. This is a very risky form of product development, because companies might not sell the new goods. So they lost a lot of money. Market-oriented companies want to find out what is needed and then they try to develop new ways of production or new goods. 3. PROMOTION Promotion is very important because however good a product is, it will not find any buyers, if no one knows about it. If you want to sell a ...

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