Group 2: I. ELEMENTS OF MARKETING 1. MARKETS a. CONSUMER MARKET- consists of all the individuals and households who buy or acquire goods and services for personal consumption. * CONSUMERS- The consumer market consists of all the individuals and households who buy or acquire goods and services for personal consumption. FACTORS INFLUENCING CONSUMER BEHAVIOR * Cultural * Social * Personal * Psychological TYPES OF BUYING BEHAVIOR * Complex buying behaviour
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Multiple Choice 1. Marketing planning begins with the formulation of an offering to ________ target customers’ needs or wants. a. undermine b. meet c. capture d. compete with e. comprehend Answer: b Page: 318 Difficulty: Easy AACSB: Reflective Thinking 2. The customer will judge the offering by three basis elements: ________‚ services mix and quality‚ and price. a. performance b. salespeople c. price d. product features and quality e. none of the above
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elsevier.com/locate/smr Branding athletes: Exploration and conceptualization of athlete brand image Akiko Arai a‚ Yong Jae Ko a‚*‚ Stephen Ross b a b University of Florida‚ United States University of Minnesota‚ United States A R T I C L E I N F O A B S T R A C T Article history: Received 21 December 2011 Received in revised form 26 April 2013 Accepted 27 April 2013 Available online 14 June 2013 In this study‚ the current issues of athlete brand management are discussed and
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brand to brand or product to product comparison between the options selected in terms of the benefits‚ both functional (usage) and psychological (satisfaction) being offered. After the evaluation of options‚ Purchase decision (Jakola‚ 2008) is made by the consumers. Which can be influenced by the organization in terms of the sales promotion‚ ease of payment or any other incentive. The purchase decision is very
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Mahroeiane a Assistant Professor‚ Department of Social Work‚ Islamic Azad University Khomeinishahr Branch‚ Daneshjou Blvd‚ Iran b‚c‚e MBA(GM) Graduate‚ Faculty of Management‚ Multimedia University‚ Cyberjaya‚ Malaysia d Senior Executive at SYABAS‚ Pursuing MBA(GM) at Multimedia University‚ Cyberjaya‚ Malaysia ABSTRACT Green concept and green marketing had an exponential growth over the last decades and it had a significant impact on the market and environment globally. Following a widespread
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SECTION IV. MARKETING STRATEGY Promotion Promotional Strategy: The promotional strategy will depend on the four elements of the promotional mix. According to Lamb‚ et al.‚ (2012)‚ a company’s promotional strategy is their use of the elements of promotion: advertising‚ public relations‚ personal selling‚ and sales promotion. (p. 249). The prototype will be marketed to persuade and convince consumers of the advantage of purchasing the new product from Levis Strauss. Levis Strauss will advertise
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QUESTION 1 a) Define the term “MARKETING” Marketing is the process of communicating the value of a product or service to customers‚ for the purpose of selling the product or service. It is a critical business function for attracting customers. From a societal point of view‚ marketing is the link between a society’s material requirements and its economic patterns of response. Marketing satisfies these needs and wants through exchange processes and building long term relationships. It is the
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What Is the Difference Between a Marketing Mix & a Promotional Mix A marketing mix and a promotional mix have differences‚ and are both important to your business. In order to successfully grow your business‚ you will need to market it. Marketing helps attract new customers and keeps customers coming back for repeat business. When you identify your marketing mix‚ it helps you determine how to satisfy your customers‚ while the promotional mix focuses on direct customer interaction. Marketing Mix
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order to actively explore the nature of a product further‚ lets consider it as three different products - the CORE product‚ the ACTUAL product‚ and finally the AUGMENTED product. These are known as the ’Three Levels of a Product.’ So what is the difference between the three products‚ or more precisely ’levels?’ The CORE product is NOT the tangible‚ physical product. You can’t touch it. That’s because the core product is the BENEFIT of the product that makes it valuable to you. So with the car
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Principles of Marketing Exam 1 Study Guide Chapter 1 1. Define Needs‚ Wants and Demands. Provide examples. 2. Define Marketing Offers. Provide examples. 3. Define Market. Provide examples. What is the difference between consumer market and industrial market? 4. Define Customer Delivered Value (Customer Perceived Value). How do customers choose among alternative products? Provide examples. 5. What are the components of total value and total costs? Provide examples. 6. Why customer satisfaction
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