Assignment 1 1- Define marketing and discuss how it is more than just “telling and selling.” * Marketing is a process by which companies create value for customers and build strong customer relationships to capture value from customers in return * Today‚ marketing must be understood not in the old sense of making a sale – ‘’telling and selling’’ – but in the new sense of satisfying customer needs. If the marketer does a good job of understanding consumer needs; develops products
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The Warner brothers decided to keep making silent movies‚ but to use the new invention to record music to accompany the silent pictures. The record would replace the live musicians in the theater. Many small town theaters could only afford to hire a single piano-player to accompany their movies‚ but with these new sound movies‚ a recording of a full orchestra could be played‚ and the Warner brothers though that people would like this better. It also meant that the brothers got to choose for themselves
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TABLE OF CONTENT 1.0 Introduction……………………………….………………………………………….2 2.0 Porter’s five forces on Warner Bro…………………...……………………………2-3 3.1 Suppliers Power……………….………………………………………………....3 3.2 Buyers Power……...……….…………………………………………………….3 3.3 The treat of substitute..………………….……………………………………….4 2.4 Competition rivalry………………………………………………………………4 3.0 SWOT analysis on Warner Bros………………..……………………………………..4 4.4 Strengths….…………………..…………………………………………………4-5 4.5 Weakness…………………………………………………………
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Is the Holocaust unique? Answer by focusing on events in Cambodia‚ Rwanda‚ and Bosnia? The uniqueness of the Holocaust has always been controversial. Was it a singular event where latter atrocities could not match in ideology‚ degree‚ or characteristics or was it a predecessor for where similar events could be used as a depiction of the Holocaust simply in another place and time? Firstly‚ the Holocaust‚ commonly referred to as the Nazi slaughter of Jews‚ Gypsies and other ‘racial undesirables
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operations would combine easily with Time’s. Additionally‚ Warner had a leadership position in film‚ records‚ home video and TV programming. Time felt that Warner would provide additional distribution channels for its video productions. This integration would increase the return on Time’s production costs and reduce the risk associated with video production. Warner’s music business would allow Time to expand into that industry while Warner could also diversify by incorporating Time’s publishing business
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Bibliography: M. Johnson‚ G. Marshall. Relationship Selling (2010). Third Edition. Google
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Personal Selling & The Marketing Concept Personal Selling - A Definition and a Philosophy Personal Selling is a process of developing relationships; discovering needs; matching the appropriate products with these needs; and communicating benefits through informing‚ reminding‚ or persuading. The development of a personal selling philosophy for the information age involves three prescriptions: 1) Adopt marketing concept. 2) Value personal selling. 3) Assume the role of a problem solver or partner
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Personal selling is said to be a cost it has a narrow audience and an organization can survive without it. (Discuss) According to Pride‚W and Ferrell O‚ Personal selling can been defined as a process of informing customers and persuading them to purchase product through personal communication in an exchange situation. Personal selling is the process of person to person communication between a sales person and a prospective customer in which the sales person learns about the prospect needs and
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Selling Theory 1. “AIDAS” Theory: Where A stands for Attention I stand for Interest D stand for Desire A stand for Action S stand for Satisfaction 2. Right set of circumstances: This theory is similar to that of situation response theory. I.e. salesperson must secure attention‚ gain interest‚ present and get desired response. It depends upon the skills the salesperson utilizes to a set of circumstances for predictable response. Sales personnel try to apply this theory; although they
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Selling techniques Selling technique is the body of methods used in the profession of sales‚ also often called personal selling. Techniques used in selling interviews vary from the highly customer centric consultative selling to the heavily pressured "hard close". All techniques borrow a bit from experience and mix in a bit of guesswork on the psychology of what motivates others to buy something offered to them. Mastery in the techniques of selling can offer very high incomes‚ while failure in
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