Foundation of Marketing Essay Example | Topics and Well Written Essays - 1500 words

Foundation of Marketing - Essay Example The prospective markets for the household insurance products are also promising to the company. The company being the one that is specialized in auto insurance they have a very good market share and satisfied customers. Under internal audit concept, it is necessary to evaluate that whether PGI should have adequate resources for involving the new house hold insurance business. For the purpose of expanding the existing business, every business should require appropriate resources, like material, men, and money. Rather than these, effective marketing is also crucial. Market audit of the company throws light on the current market share of the company and the future opportunities for the company in the Market. Analysis of the case shows that PGI is the market leader in the Auto insurance sector. In 2006 the company had a total policy strength of 5, 66,000. And also the company had gained an annual growth rate of 6.2%. But even though the company has the best policy strength the growth rate of the company is lower when compared to its competitor. Blair Patterson has the highest growth rate which is 82.5% and Cherry Ash has a growth rate of 25% while the growth rate is only 6.2% for PGI. For the purpose of introducing house hold insurance, it is necessary for PGI to undertake various marketing strategies. Among them Porter's five force model is significant. supplier Power, rivalry, threat of substitutes, buyer power, barriers to entry. While introducing new house hold insurance by PGI, it is essential to concentrate about the competitors, substitute 's etc. Rather than this, it is also necessary to consider the macro environment factors like political, economic, social, technological, ecological and legal. Political Consist of legislation, regulation of transfer for capital and labour, and stability of political system. Economical consist of development of relevant economic indicators, business cycles, unemployment, and industry structures. Socio- Cultural consists of population and demographics and customer behaviour. Technological consist of life cycle phases of products and research and development expenses. Marketing Structure for Company Marketing is distinct in the Dictionary of modern English (1995:872) as the action to try to put up for sale a company's goods by advertising, by attractive packages. Consequently I can say advertising is a way companies sell their goods to the neighbourhood that needs them or customers. The following are a number of of the terms old in marketing covering, selling, advertising, endorsement of products and many additional, but these are the conditions I'm going to use a great deal on my essay. The paper will also be based on publicity, as it is fraction of advertising. According to the expert analysis advertising is merely an economic action that is used by advertisers for the reason of selling or hire customer's conscious of their military. To add on that I got a meaning of the word publicity from Dade (1989:1) and reads that "a paid statement future to provide information about a manufactured goods or service or to convince people to perform in a sure way." Some people too argued that

The relationship between the average amount of sleep a high school Assignment

The relationship between the average amount of sleep a high school teenager gets per school night and the total average amount of Internet used in one school week - Assignment Example Vast expansion in the sector of technology has been experienced in the recent past and has been embraced by almost all the people regardless of age. For a younger generation of people, technology has taken a very substantial role in both their educational and social lives. A large number of teenagers have access to cell phones, the Internet, desktops, laptops, and many other forms of modern technology. A matter of concern has been raised on the increased role played by the modern technology in the teenagers’ lives about how these children might be influenced. Currently, technology is greatly changing the process and content to a level that young children/teenagers are heavily immersed in a world that is surrounded with a lot of information. The ever increasing amount of time spent by teenagers on modern technology has raised a number of questions about the use and the trends of the technology. Dehmler states that the children of today are growing up in a very interconnected an d networked world. The teenagers have unlimited access to the modern technologies and use them in the ways they deem fit for them. This study was undertaken to present an understanding of the impact of Internet on the amount of hours spent on sleeping by the teenage students. Quantitative research methodology was used to guide the study. Two variables were used to test for the quantitative impact of the study. The variables included, the amount of time spent on the Internet (explanatory variable) and the amount of time spent in sleeping (dependent/response variable).