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Nam:

Marketing In order to make the most of the resources within a business and allow the organisation to reach its full potential, all businesses should spend time or money on their marketing strategy. Firstly, the business has to perceive what their customers need and want. To get more of an idea where their businesses are going wrong and how they can fix it right, the businesses can give customers the chance to provide feedback. So the organisation can go one step forward to get benefited in reviewing their business strategies.As a result customers' requiremnets become clarify and updated. Also firms can provide advertising to encourage customers to buy the products and services by communicating ideas about their products and services to their consumers in the hopes of convincing them to buy those products and services. Secondly, promotion which is regarded as commuicating with the public in an attempt to influence them toward buying the firm's products and services, would be a good example of marketing strategy. The business can provide a sale promotion such as "buy one get one free" known as BOGOF. Originally, "buy one get one free" was a sudden end-of-season or stock clearance method used by shops who were left with a large quantity of stock that they were looking to sell quickly. However, Alex Tabarrok who is a economist states that "it is a popular sales technique because it can be used legally at any time, wunlike many other offers. For example a shop cannot claim an item is "on sale" or is discounted unless it has been available for sale at the previous, higher price for a certain period of time".

Tabarrok, A. (2011). Buy one, get one free. //Wikipedia.// From []

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Angela: It's going great. Some points can be developed more further I think. For example, where you have mentioned customers providing feedback, you can say what happens after the feedback has been provided; something like "...the chance to provide feedback. In doing so, organisations can benefit in reviewing their business strategies so that customers' requirements are clarify and updated." (do you get what I mean here? I'm just saying to elaborate more.)

Nam: Thanks alot for the feedback Angela. When is it due anyway?

Leo: Final due date of wiki will be postponed until week 12. ( I got this information from lizzy today) BUT, still we need to follow the given work every week so that we can perform better without rushing. Here is feedback. I think overall it is on the right track and I can easily can capture what you are saying. Advertising was very nice idea as an example :) Here is my recommendation; I think that you can also put extra explantion about marketing strategy with giving example "PROMOTION" like buy one, get one half price or bundling sale with discounted price. After putting these ideas, your body paragraph will have very valuable contents. Cheers.

Nam: Thank you Leo for your advice. guys, I've added some more but the problem is that I have no idea how to finish the paragraph.. and am i permitted to use any resources as reference from such site as Wikipedia?. any help would be appreciated. Thanks

Young: Well done, Nam! Marketing seems like to be interesting topic by understanding what customers needs and wants are. However I want you to add bit more information about the marketing is not only consisting with promotion. As you know there are 4Ps in Marketing such as Price, Placement, Promotion and Product.