Marketing (Level 8)
The Marketing module introduces students to the core concepts and strategies of marketing in today’s dynamic business environment. It covers key areas such as market research, consumer behaviour, branding, product development, pricing, promotion, and digital marketing. Through a blend of theory and real-world applications, students learn how to identify target markets, develop marketing strategies, and create value for customers while achieving organizational goals.
This module equips students with the skills to critically analyse market trends, understand customer needs, and apply marketing principles effectively, preparing them for roles in diverse business and marketing fields.
Indicative Syllabus
The Marketing Concept
- The evolution of the ‘marketing philosophy’;
- The marketing concept, theories;
- Current issues facing marketing managers;
- Changing landscape of marketing
- Marketing and social media.
The Marketing Environment
- The marketing environment of the organisation;
- Techniques to identify, evaluate and respond to forces in the marketing environment;
- PESTEL, PLC, BCG;
Market Research/Segmentation
- The nature of segmentation;
- Advantages/disadvantages of segmenting a market;
- Target marketing and positioning;
- The process of conducting marketing research;
- Theories/concepts of market segmentation;
- Marketing information Systems
- Big Data: Loyalty Cards
The Marketing Mix
- The elements of the marketing mix;
- Nature and characteristics of products/services; PLC, product mix decisions;
- Pricing, pricing objectives, pricing strategies, factors influencing pricing decisions;
- Promotion, the promotional mix, its objectives;
- Marketing channels, their nature, structure and channel decisions.
- Interaction of the marketing mix and impact on business decision making.
The Product/Services
- Nature and characteristics of product/services;
- The product/services mix;
- New product/service development process.
The Pricing Mix
- Pricing strategies;
- The role of pricing in business success;
- Aligning pricing strategy with business strategy;
- Factors affecting pricing decisions
The Place Mix
- Distribution channel decisions;
- Linking distribution channel with pricing strategies;
- Role of technology in distribution;
- Rile and identification of intermediaries in the distribution channel.
The Promotion Mix
- The promotions mix;
- Integrated Marketing Communications;
- Role of public relations in the promotions mix;
- Ethical issues in promoting a product/service;
Module Details
Marketing (Level 8)
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