Angel and I picked the topic of Marketing. Here is what we came up with:
Marketing (definition: the process of creating, distributing, promoting, pricing goods and services to facilitate satisfying exchanges and relationships with customers. )
-Small Communities
- can benefit from small population.
- inside knowledge of what type of marketing will be most effective
-Planning
- know the target market
- fimiliar with competitive environment
-Product
- relative to target market/region
- identify what could be successful in your given region
-Place
- is the product something that can be created within the community?
- potential job creation
- does it need to be imported?
- Pricing
- knowing the spending habits/income of your target market
- tax exemption
-Promotion
- can depend on word of mouth in a small community
- use local events to promote self and community
- good will (how you can contribute to your community)
