Learning Activity Sheet Principles of Marketing Quarter 1 - Week 1 I
Learning Activity Sheet Principles of Marketing Quarter 1 - Week 1 I
Learning Activity Sheet Principles of Marketing Quarter 1 - Week 1 I
Department of Education
Region III
SCHOOLS DIVISION OF ZAMBALES
Zone 6, Iba, Zambales
Tel./Fax No. (047) 602 1391
E-mail Address: zambales@deped.gov.ph
website: www.depedzambales.ph
I. Introduction
The COVID-19 Pandemic has taken its toll on the global economy. With
several businesses closing, lots of workers have been struggling to meet the
financial needs of their families. As a result, the rise of online selling. But
the question is, how will you sell your products to potential customers to
gain profit? It is important to know how to do effective Marketing and attract
customers to buy your product.
This module will gear learners on the Principles of Marketing. It
comprises topics on marketing concepts, principles, goals and approaches
to marketing.
III. Objectives
At the end of this learning activity sheet, you are expected to:
1. know what marketing is and its importance in business;
2. identify how customers fulfill their wants and needs from a
marketing perspective; and
3. understand marketing goals and the importance of SMART
framework.
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IV. Discussion
What is Marketing?
Marketing is the process by which companies create value for
customers and build strong customer relationships to capture value
from customers in return. It is an action of selling and promoting
products or services, including advertising and market research. It
aims to know whether the products or services meet the needs of
the customers.
Another definition was given by Dr. Philip Kotler states that marketing
is a science and art of exploring, creating, and delivering value to satisfy the
needs of a target market at a profit. Marketing satisfies these needs and wants
through the exchange processes while building long-term relationships.
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Needs - the basic human requirements (i.e. food, clothing, shelter, and
safety as physical needs; social needs for belongingness and affection;
and individual needs for knowledge and self-expression).
Wants - the desires shaped by culture, the environment, and influenced
by others. It is the desire for products or services that are not necessary,
but which consumers wish for.
Demands - the actions taken by the market in response to their wants.
This is usually a want backed up by the willingness and capacity to
purchase.
Knowing the needs, wants, and demands are vital concepts every
marketer should understand before a marketing process will take place. In
this way, a company can better serve its target market such that they can
benefit, may find value, and may have the ability and willingness to purchase
a particular offering.
Benefits of Marketing
1. It creates employment.
2. It helps develop more and better products.
3. It provides better profit.
4. It improves the quality of life.
5. It produces more entrepreneurs.
6. It contributes to economic development.
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Marketing Philosophies
Different philosophies in marketing focuses on various techniques to
create, produce, and market products.
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Lead Volume - is the number of sales leads that ultimately be converted
into customers.
Sales Lead - is a potential market who is interested in the product
Objective refers to the exact steps a company must take to reach its goals.
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Example of using SMART Framework in Starting a Business
SMART Goal
Within a month, I am going to get set up to sell handmade
facemasks on Shopee, which will allow me to benefit financially
from my favorite hobby. Within six weeks, I will have an
inventory of 180 handmade facemasks to sell and aim to sell a
minimum of 30 handmade facemasks per week, building
customer relationships through word of mouth, referrals, and
local networking.
V. Activities
Exercise 1: Let’s Analyze!!
Read and analyze the questions carefully. Answer the following questions
using 5-7 sentences. Put your answer on your activity notebook.
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2. Give an example of a recent purchase you made where the purchase wasn’t
just a single transaction but rather part of an ongoing relationship with the
seller. Discuss what the seller has done (or could do better) to strengthen the
relationship and increase the odds of you being a loyal customer in the future.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
Example:
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NOW YOU DO IT!
Specific
Measurable
Attainable
Relevant
Time-Based
SMART GOAL
______________________________________________
______________________________________________
______________________________________________
______________________________________________
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Exercise 5: Make SMART! Be SMART!
“A goal without a plan is just a dream.” Some of you might have heard
this quote.
Instruction: As a student, set-up your own goal for this school year. Made
use of the SMART Framework in setting up your goal. Copy and fill-up the
template below in your Activity notebook.
4. ____________________________ ___________________________________
______________________________ ___________________________________
______________________________ ___________________________________
I Will know that I will reach my goal because: _________________________________
________________________________________________________________________
____________________________________________________________________
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VI. Assessment
Instruction: Read and understand the questions below. In your activity book,
write the letter of your answer.
1. All are accurate descriptions of modern marketing, EXCEPT which one?
A. Marketing is the creation of value for the customers.
B. Marketing is managing profitable customer relationships.
C. Advertising and selling are synonymous with marketing.
D. Marketing involves satisfying customers’ needs.
7. The product concept says that a company should do which of the following?
A. improve marketing of its best products
B. market only the products with high customer appeal
C. focus on the target markets and make products that meet those
customers' demands
D. focus on making continuous product improvements
8. It is the satisfaction derived by customers in availing of products or services
on time.
A. Time Utility C. Place Utility
B. Form Utility D. Possession Utility
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9. Which concept holds that achieving organizational goals depends on
knowing the needs and wants of target markets and delivering the desired
satisfactions better than competitors do?
A. product B. production C. selling D. marketing
10. Based on the production concept, consumers will favor products that are
________ and ________.
A. advertised; affordable C. segmented; convenient
B. in high demand; hard to find D. available; affordable
13. Which of the following best explains why consumers have greater power
and control in today's marketplace?
A. Production concept and competition have lowered prices.
B. Implementation of product concept has resulted in continually
improving products.
C. Customer-driven marketing creates products and services that meet the
customers' future needs.
D. With today’s new communication technologies, customers have more access
to information and more methods of sharing their opinions with other
customers.
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VII. Reflection
Instruction: In your activity notebook, make a 10 sentences reflection paper
on the topic below.
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VIII. References
Books
E-book
Websites
https://www.thebalancesmb.com/smart-goal-examples-2951827
https://www.ama.org/the-definition-of-marketing-what-is-marketing
https://www.worldsupporter.org/en/chapter/41634-summary-principles-
marketing-kotler
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