Explain the elements of the marketing concept and processes, and their relation to the costs and benefits of its marketing orientation. - Propose segmentation, targeting and positioning criteria for its products and/or services in response to existing marketing problems/issues. (For example: how would 2 major retail organizations such as Tesco or Marks and Spencer respond to their current problems?) - Differentiate between the marketing mix and the extended marketing mix, and explain the role of the marketing mix in sustaining competitive advantage.