Types of marketing information system, Marketing Management

Assignment Help:

Types of Marketing Information System: the information needs of the marketing job are large and diverse. It is not easy to classify that information into a few types:

1. Classification Based on the Purpose for Which the Information is used: as per this method marketing information can be classified into four groups as shown below:

1.        Information for marketing planning.

2.        Information for marketing operation.

3.       Information for key decisions in marketing.

4.       Information for key marketing control.

2. Classification based on the subject matter of the information: as per the second method of the classification, marketing information can be classified on the basis of the content or subject matter of the information, as shown below:

1.       Information on

2.       Products customers

3.       Pricing

4.       Distribution channels

5.       Promotion

6.       Sales force

7.       Competition

8.       Sales methods

9.       Internal operations of the firm

10.   External environment of the firm

Large organizations need more information: while every organization requires a continuous flow of the information for taking various marketing decisions, the information needs of large organizations are far greater for two reasons. Firstly, the size and complexity of the organizations decisions are taken. Secondly, in large organizations, the marketing decision makers are located away from the field of activity, the market. In the nature of things, they manage mostly on the basis of the information that reaches them.


Related Discussions:- Types of marketing information system

Explain the thinking of public about the public relations, Explain the thin...

Explain the thinking of public about the public relations. The public often think of public relations like a glamorous job. These relations people seem to have been tarred alon

Test marketing, various approches followed by FMCG companies in test market...

various approches followed by FMCG companies in test marketing

Product life cycle, Considering the concept of product life cycle, where wo...

Considering the concept of product life cycle, where would you put video games in their life cycle

Implementation and control program - marketing budget, On the basis of your...

On the basis of your analysis of the marketing system discuss likely future developments and the opportunities and threats for existing market players and potential new entrants. I

What do you meant by total customer satisfaction, Question 1: (a) What...

Question 1: (a) What do you meant by total customer satisfaction? (b) How will customer safisfaction be measured? (c) Explain the importance of customer value creation

Product policies, Product policies: Product policies are the general...

Product policies: Product policies are the general rules set up by the management itself in the marketing product decisions. Products of a firm are the backbone with which p

Identify a direct marketing campaign, Question 1: (a). Elaborate using...

Question 1: (a). Elaborate using examples, two advantages the internet provides to direct marketers. (b). Apart from online marketing as a form of direct marketing, de

Implications of the two behavioural theories, Question: (a) Describe th...

Question: (a) Describe the following memory structures: (i) Sensory Store, (ii) Short Term Store (Working Memory), and (iii) Long Term Store. (10 marks) (b) "Two be

What is financing in functions of marketing, What is financing in functions...

What is financing in functions facilitating exchange? Financing: Financing and marketing both functions of a business are interlinked along with each other. The department

Inbound logistic, what are the inbound logistic,operation,out bound logisti...

what are the inbound logistic,operation,out bound logistic in service industry

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd