Which process permits the marketers to send addressable customized interactive messages to customers?

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Consument en Marketing

Samenvatting

Chapter 1

Learning Objective 1.1: To understand the evolution of the marketing concept, what

consumer behavior is, and the components of strategic marketing.

Marketing is the activity, set of institutions, and processes for creating, communicating,

delivering, and exchanging offerings that have value for customers, clients, partners, and

society. Consumer behavior consists of consumers’ actions taken while searching for,

purchasing, using, evaluating, and disposing of products and services that they expect will

satisfy their needs. Consumer behavior influences how marketers can communicate and

deliver products that offer value to customers and society and explains how individuals make

decisions to spend their available resources on products and services. Marketing and

consumer behavior stem from the marketing concept, which maintains that the essence of

marketing consists of satisfying consumers’ needs, creating value, and retaining customers.

Companies must produce only those goods they have already deter- mined that consumers

will buy. Marketing myopia is a focus on the product rather than on the needs that the

product presumes to satisfy.

The marketing mix (also known as the four Ps) consists of product, price, place (distribution),

and promotion. Market seg- mentation, targeting, and positioning are the foundation of

turning consumers into customers. Market segmentation is the process of

dividing a market into subsets of consumers who share common needs or characteristics.

Targeting means selecting the segments that the company views as prospective customers

and pursuing them. Positioning is the process by which a company creates a dis- tinct image

and identity for its products, services, and brands in consumers’ minds. The societal

marketing concept requires market- ers to fulfill the needs of their target markets in ways

that improve, preserve, and enhance society’s well-being and simultaneously meet their

business objectives. The core principle of the marketing concept maintains that marketers

must satisfy consumer needs effectively by making only those products that consumers are

likely to buy.

Learning Objective 1.2: To understand how technology has benefited both marketers and

consumers.

Technology has revolutionized the marketing mix, segmentation, targeting, positioning, and

customer retention. When consumers use their computers, cell phones, electronic readers,

tablets, and other electronic devices, they provide marketers with the kind of information

that enables companies to target them immeasurably more effectively than during the pre-

internet days. Online technologies create a “value exchange:” marketers provide value to

consumers in the form of information, opportunities to customize products easily,

entertainment content, and much more. While online, consumers provide value to marketers

by “revealing themselves,” thereby enabling companies to market their products more

efficiently and precisely. Surfing online allows consumers to locate the best prices for

products or services, bid on various offerings, bypass distribution outlets and middlemen,

and shop for goods around the globe and around the clock. Online communication abilities

Which process permits the marketers send addressable Customd interactive message to customers?

Targeted advertising Direct advertising allows marketers to target particular groups of customers with customized promotional messages.

What is interpersonal communication in consumer Behaviour?

Interpersonal communication is the process of exchange of information, ideas and feelings between two or more people through verbal or non-verbal methods. It often includes face-to-face exchange of information, in a form of voice, facial expressions, body language and gestures.

What is the most effective way to make sure a promotional message stands out and is received and decoded appropriately by the target audience?

What is the most effective way to make sure a promotional message stands out and is received and decoded appropriately by the target audience? D) Use effective positioning and offer a unique value proposition.

Which of the following does appropriate message framing depend on?

86) The appropriate message framing decision depends on consumer's attitudes and characteristics as well as the product itself.

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