Marketing Ethics of Mecca Cola Case Study Example | Topics and Well Written Essays - 2000 words

Marketing Ethics of Mecca low-down - Case Study ExampleMarketing plans and strategies would be incomplete without paying much consideration to the customers. Customers ordain and should always be a part of the agenda in both merchandising plan of any company. Because of the implications for profitability and growth, customer retention is potentially unmatched of the most powerful weapons that companies arsehole employ in their fight to gain a strategic advantage and survive in todays ever increasing rivalrous environment (Lindenmann, 1999).Marketing involves the buying, selling, and trading of goods and services and the subsidiary activities that make these exchanges possible. It is a social process, as advantageously as an economic employment and a collection of physical tasks. Marketing takes place only in societies. Even a rather large, primitive family unit may engage in extensive outturn and consumption on a self-sustaining basis without becoming involved in activities that can be described as marketing. In organized societies, marketing activities are themselves important features of the social milieu, and changes in marketing practices may carry implications extending throughout the social structure. For example, the location of trading centers affects the modes and routes of transportation (Kotler and Armstrong, 200) advertising affects popular conceptions of tastes and demeanor styles and changes in distribution channels create and eliminate employment opportunities and ways of life. Appraisals of the performance of marketing activities inwardly our society are commonplace. Marketing is said to be inefficient because there are overly numerous gasoline service stations. It is said to be unfair because or so firms are making it impossible for others to lodge to exist in the market place. It is said to be unproductive because too much money is worn-out(a) on advertising (Lun and Gupta, 2001). Generally comes off very well indeed. Business men do not waffle to spend large sums in marketing their wares, and consumers show no great reluctance to pay the end point charges embodied in what they buyThe fundamental economic criterion for appraising marketing activities is the efficiency with which they are performed. Efficiency, or productivity, involves a relationship between effort and effect, sacrifice and reward, input and output. Efficiency is a congress concept (Neumann and Sumser, 2002). When we describe an activity as inefficient, we mean that too much effort is being expended with too little effect in other words, that the ratio of effort to effect is higher than necessary. And when we describe an activity as efficient, we mean that the ratio of effort to effect is about as low as can be achieved. In general, economic activities that are more efficient are preferred to those that are less(prenominal) efficient and for a very simple reason. If there are two methods of bring throughing the same task and one of th em requires a smaller expenditure of time, effort, and resources than the other, then by using that method one can accomplish the task and have time and materials left over. One may then either use these exorbitance resources to accomplish the task another time, or in a superior fashion, or may remove these resources into some entirely different activity (Ohmae, 1990). So long as ones time and resources are of some value in some use including their use in leisure or in prudence for the future