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This course will expose you to current marketing ideas and tricks in a customer based and market-oriented company. Relationship marketing is considered a new marketing strategy that gives emphasis on the consuming and buying process. The module also ends to enhance your awareness of the strategic marketing function in the company. Moreover, it also influences the market and society in this modern and digital era.
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A niche market is a part of a larger market that may be distinguished from the rest of the market by its own preferences, specific requirements, or identity. There are many distinct segments or niches in the market for women's slippers, for example.
Niche marketing is often misunderstood by small markets, but it's not a small market. It incorporates a particular target audience with a specialized offering. This is a way to become a market leader, and it becomes possible for the other market firms to get entry into that specific segment.
Source - Dalgic, Tevfik, ed. Handbook of niche marketing: principles and practice. Psychology Press, 2006.
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Four p's of marketing are - place, promotion, product and price. These four are regarded as one of the most important parts of marketing.
There are various types of marketers available in the market; some important of them are New Markets, Existing Markets and Clone Markets.
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