Business Studies Marketing Strategies Summary slides, questions and cards offer teachers a concise way to teach students about the marketing strategies used in a business setting.
Simple definitions and descriptions have been provided for each strategy, to help students gain a thorough understanding of market segmentation, differentiation, positioning, the 7Ps of marketing, e-marketing and global marketing without bogging them down with excessive content. Teacher instructions are also included in this resource, providing suggestions on how to extend students further if desired.
Students can then revise their knowledge of marketing strategies by answering the twenty questions in the student worksheet. An array of key terms have been used to allow students to practice with potential HSC key terms. Sample answers have also been added to simplify the marking process. A set of study cards with definitions and examples have also been included to make study fun or to use as a starter in a ‘hot seat’ activity at the beginning of the lesson.
Students will enjoy learning from this bright and engaging resource without being overwhelmed by huge slabs of text. Grab one for your HSC Business Studies class today.
- 52 slide PowerPoint
- 11-Page Student Work Booklet with 20 questions.
- 32 Card, Terminology Card Game
- Sample Answers
- Teacher Instructions
NSW Business Studies Syllabus 2010- Updated 2013
- market segmentation, product/service differentiation and positioning
- products – goods and/or services
- price including pricing methods – cost, market, competition-based
- pricing strategies – skimming, penetration, loss leaders, price points
- price and quality interaction
- elements of the promotion mix – advertising, personal selling and relationship marketing, sales promotions, publicity and public relations
- the communication process – opinion leaders, word of mouth
- distribution channels
- channel choice – intensive, selective, exclusive
- physical distribution issues – transport, warehousing, inventory
- people, processes and physical evidence
- global marketing
- global branding
- global pricing
- competitive positioning
QCAA Business Studies 2019 v1.0 – Applied Senior Syllabus
Business function 4: Working in marketing
- elements of the marketing mix:
- product, e.g. range
- price, e.g. relationship between price and demand, factors influencing pricing decisions
- promotion, e.g. range of promotional activities, communicating with customers through social media and technologies
- place, e.g. choice of outlets/distributors, impact of technology
QCAA Business 2019 v1.1 – General Senior Syllabus
Unit 2: Business growth
Topic 2: Entering markets
- target market and segmentation
- marketing mix, including product, price, place, and promotion
Unit 3: Business diversification
Topic 2: Strategic development
- relationship marketing
VCAA VCE Business Management 2017-2022
Unit 2: Establishing a business
Area of Study 2
- the 7Ps model of marketing: product, price, place, promotion, people, physical evidence and process
TASC Business Studies
Unit 5: Marketing Management
Nature of marketing
- The marketing planning process:
- identifying target markets (demographic, geographical, psychographic and behavioural factors).
The marketing mix
- Competitive advantage through:
Marketing strategies to sustain a competitive advantage
- Market segmentation and product differentiation
- Positioning, branding, packaging,
- Pricing methods, cost-based, market-based, competition-based
- Pricing strategies (price skimming, penetration pricing, loss leader pricing, price points)
- Promotion strategies (advertising, online, personal selling, sales promotions, direct marketing, public relations)
- Place and distribution strategies
- Web-based marketing
TASC – Business Studies – Foundation
Unit 3: Establishing a Small Business
Key Business Functions
Unit 4: Operating a Small Business – Marketing
- Types – demographic, geographic, lifestyle and behavioural.
The marketing mix
- Elements of the 4Ps of marketing (product, place, promotion and price).
Impact of technology
- On-line marketing through the internet and social media.
SACE Business and Enterprise 2020
- Business and Marketing
Elements of the Marketing Plan
Aspects such as situation analysis, the objectives of marketing, the identification of target markets, and the marketing mix
Britain AQA Level 3 Foundation Technical Level Business: Marketing Communications 2016
Britain AQA Level 3 Technical Level Business: Marketing
Unit 1: Competitive business environment
The impact of competition and innovation
- How markets can be segmented using different methods:
Unit 2: Marketing principles
Concept and elements of the marketing mix and how it is applied in different contextual settings
The 4Ps marketing mix
- Product – goods and services delivering value.
- Price – influence on demand and competition.
- Promotion – communication with customers and markets.
- Place – route to market and physical location.
The extended marketing mix (7Ps)
- People – role in satisfying customers.
- Process – influence on effective delivery.
- Physical evidence – tangible elements of delivery.
Marketing mix elements for services
WACE Business Management and Enterprise ATAR Course Year 11
- key elements of a marketing plan, including:
- marketing mix
- characteristics of market segmentation, including:
- elements of the marketing mix
- sales promotion
- people (employees)
- training and customer service as part of customer relationship management (CRM)
- procedures to deliver a service or product
- physical presence of the business