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BADM 320 Exam 1 Study Guide

Here is the study guide for Exam 1 of Principles of Marketing with jolly old bald yet ponytail-ed Mark Wolters. If you are looking for the practice exams they are in the back of the book. The answers we go through in the class before the exam. Below are a lot of topics and if there was an old study video I put that with the topic.

BADM 320: Principles of Marketing Class Page

How to Study for the Exam

Topic 1: Overview of Marketing

What is Marketing?

The Marketing Mix: Product, Price, Place, Promotion

The 4 Ps – Product Explained

4 Ps explained in a digital world

What is a Value Proposition?

Needs vs Wants vs Demands

Topic 2: Developing Marketing Strategies & Marketing Plans

What is a marketing strategy?

What is “Share of Wallet?”

Sustainable Competitive Advantages

Customer Relationship Groups?

How to Develop Long-Term Customer Loyalty

What is a Marketing Plan?

SWOT Analysis

BCG Matrix New vs Old Version Videos

 Growth Strategies or Ansoff Matrix

 My Wife Having a Fun Time Filming Marketing Videos

Topic 3: Strategic Analysis of the Marketing Environment

Macro-Environment Effects on Organizations

Industry Key Success Factors

Examples of Typical Industry Key Success Factors

Porter’s Competitive 5 Forces

Competitive Strategies

GE McKinsey Matrix

Topic 4: Social Media & Digital Marketing

This complete lecture can be found on compass 2g.

The Basics of Social Media Marketing

Social Media vs Traditional Media

4e Framework for Social Media

What Goes in a Social Media Plan

Performance Measures in Online Ads – CPC, CPA, CPM

Typical Social Media Metrics Everyone Should Know

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