Marketing is defined as a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and values with others.(Kotler.P 2002 : 5) The goals of marketing is to attract new customers by promising superior value and keep and grow current customers by delivering satisfaction. There are five core concepts of marketing‚ which includes needs‚ wants and demand; products‚ services and experience; value‚ satisfaction and quality; exchanges
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Differentiate between the marketing concept and the selling concept. The concepts of marketing and selling are derived from 2 simple activities: marketing and selling. These two activities are very similar to a large extent similar though there are a few elements about each of them that differentiate them. Selling can be defined as a process of transferring a product or service to a buyer at a price regardless of his or her need whereas marketing is defined as a process of transferring a product
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Beauty Synthesis Writing Beauty is a characteristic of a person‚ animal‚ place‚ object‚ or idea that provides a perceptual experience of pleasure or satisfaction. Beauty can be one of the most complex aspects of life. It creates conflict in the society as well as diversity. Beauty is not everything. There is no such thing as perfect beauty. For example‚ make-up is an eliminator of natural beauty. It alters natural beauty by covering up the little imperfections that we have that makes us beautiful
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Brand Extensions Brand extension is a marketing strategy according to which a company marketing a product or a service launches a new offering (product or service) that is related to the one of the existing brands of the company‚ but offers different benefits and/or targets a different segment. Organizations use this strategy to increase and leverage upon their brand equity. When a firm is introducing a new product‚ it has the following 3 choices on branding: 1. Developing a new brand for the
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Assignment # 12 2.) How does the “standardized versus localized” debate apply to advertising? Communication takes place only when the intended meaning transfers from the source to the receiver. This can be a problem when a standardized approach is used. The message is not able to get through to the receiver due to different reasons such as lack of knowledge of the audience. There are people who feel an advertisement can be used anywhere in the world due to the converging tastes and preferences
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CRUCIGRAMA #1 de Mercadotecnia de Servicios DEFINICIONES: HORIZONTAL: 1 When customers have had service problems in the past‚ when they are in a hurry or when they have an emergency‚ are examples of: _____ service intensifiers. 4 Personal factors that are stable over time and increase a customer’s sensitivity to how the service should be provided‚ are known as _____ service intensifiers. 5 In this type of trade‚ companies are mostly small and employing fewer than 50 workers‚ which 2/3
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Discuss the core concepts of marketing for the travel and tourism sector Marketing in the travel and tourism sector is an important factor in making a travel business successful in terms of market share. Within marketing there a numerous known concepts that piece together the defined definition of marketing‚ these include the customer’s needs‚ wants and demands‚ products and services and value. Core concepts In the process of marketing your business it is important to factor in your customers wants
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overview. ← An interview with a marketing assistant working for per una and a marketing manager of Per Una‚ Marble Arch. ← Store Visits: At various stages in the research process store visits have been undertaken and will be referred in the context of trend analysis‚ observations and consumer behaviour analysis. ← Media resources: The internet – Mintel reports ← Literary: The “Per Una Excellence File” - sourced from the Per Una marketing team. Marketing Positioning and Segmentation Positioning
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Basic Concepts & Definitions History and Definitions of the Concept: The notion of the "psychological contract" was first coined by Argyris (1960) to refer to employer and employee expectations of the employment relationship‚ i.e. mutual obligations‚ values‚ expectations and aspirations that operate over and above the formal contract of employment. Since then there have been many attempts to develop and refine this concept. Historically‚ the concept can be viewed as an extension of philosophical
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Brand extension & brand stretching The two options for doing this are usually called “brand extension” and “brand stretching”. Brand extension Brand extension is a strategy in which a firm launches a new or modified product with a well-developed image by using the established brand name in a same broad market. Organizations use this strategy to increase and leverage brand equity (definition: the net worth and long-term sustainability just from the renowned name). An example of a brand extension is Jello-gelatin
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