Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Summary

Marketing Summary (requested for an exam)

Rating
-
Sold
-
Pages
38
Uploaded on
09-02-2026
Written in
2025/2026

A clear summary of marketing, including the most important things that are asked for in the exam. You don't need more than this to pass your marketing exam.

Institution
Course

Content preview

1 Intro
-gatekeeper: controls access of product information (decides who gets information)
-marketing orientation: gathering market intelligence, sharing across departments and
responding to it efficiently to create customer value
→ creating products that meet existing and latent needs, now or in the future
→ components: -customer orientation: needs, wants, and problems
-competitor orientation: strengths, weaknesses, strategies, and actions
-interfunctional coordination: focus on internal collaboration
-anthropological influences: qualitative approaches in researching consumer behaviour
-sales: product push, short-term focus on satisfaction of customer needs, tends to lesser input
into customer design of offering, focused on meeting existing demand
-marketing: product pull, long-term focus on satisfaction of customer needs, high focus on
stimulation of demand, tends to greater input into customer design of offering (co-creation)
-product push: actively pushes a product toward customers through intensive promotion and
distribution: company-driven selling
-product pull: creates customer demand so that customers actively seek out the product:
customer-driven demand
-exchange: 2 parties, want to deal with each other, value to offer ⇒ creates value, more
consumption choices or possibilities
-customer value: ratio between perceived benefits and costs
→ outcomes: repeat purchases, positive word-of-mouth, loyalty, growing market share, growing
share of customer, building customer equity
-marketing mix: promotion, place, prize, product + people, physical evidence, process,
personalization
-context marketing: delivering marketing messages to customers at the right moment based on
their situation and behaviour
-relationship marketing: relations with stakeholders, important mature industries
-Customer Relationship Management: acquiring information customers + delivering superior
value = relationships
-marketing automation: a category of technology that allows companies to streamline, automate,
and measure marketing tasks and workflows to increase operational (alles wat geschikt is om te
gebruiken) efficiency and grow revenue faster → use software + technology (repetitive
marketing)
-Co-creation: -offerings are service-based → customers become co- creators of the service
experience
-organizations can use co-creation to differentiate their offerings
-creation of value → customers take part in active dialogues and co-construct
personalized experiences ⇒ realized through consumer use




1

,2 Marketing environment
-marketing environment: actors and influences outside of marketing that influence marketing’s
abilities to build and maintain successful relationships with selected customers
-environmental scanning: help top management in making decisions and developing a strategy




→ External environment: micro + macro
-Destep: -Demographic: size, density (dichtheid), location, age, education, gender, race, job
-Economic: affect buying power and spending patterns (debt, inflation, interest rates,
consumers saving)
-Socio-cultural: affect society’s basic values and lifestyles, the shared beliefs and
practices within a society (lifestyle change, health and wellness)
-global consumer culture: people are united by their common devotion to
brand-name consumer goods, service → standardization of products, influence
of media, cultural homogenization, global symbols, status and consumer trends
-glocalization: global + local: products, services and marketing strategies suit
local cultures
-Technological: creating new product and market opportunities → AI, connectivity,
information access, technological expertise
-crowdsourcing: release the task to a ‘crowd’ of outsiders, who are invited to
perform the task on behalf of the company (for a fee or prize)
-Ecological:-Eco-efficiency: the promotion of resource productivity and better
utilization of by-products (nevenproducten)
-Beyond compliance leadership: demonstrate the company’s ecological
credentials or its environmental (milieu) excellence
-Eco-branding: promote environmental responsibility
-Environmental cost leadership: offerings that provide greater
environmental benefits

-Political-Legal: laws, government stability, regulatory environment, trade policies,
taxation policies, bureaucracy (=besluitvorming en uitvoering van taken volgens
regels en voorschriften) and corruption (=misbruik macht persoonlijk gewin))
trends: increasing regulation for companies, stronger emphasis on ethics and
social responsibility, growth of societal pressure groups
influence: lobbying, public relations, industry coalitions, placing politicians in board




2

,→ Performance (micro) environment: affect serving its customers (suppliers, marketing
intermediaries, customer markets, competitors, publics)
-intermediaries: -resellers: wholesalers, retailers
-logistics service providers: storage, transport
-marketing services: market research, advertising agencies, media
buyers, marketing consultants
-financial intermediaries: banks, credit providers, insurance companies
-stakeholders: -financial audience: banks, investors, shareholders
-media,
-interest groups: consumer organizations, environmental groups,
minorities
-general public
-local audience: neighborhood
-industry: size,growth, internal rivalry, structural profitability, trends, developments
-competitors: -direct: identical products or services, same industry ⇒ customers choose
between similar options
-indirect: different products or services that fulfill a similar need/want,
different industry but same customer base ⇒ customers choose
between different types of solutions
-blue ocean strategy: untapped market spaces: companies align innovation with
utility, price, and costs + makes competition irrelevant
-forward integration: moving closer to the consumer: expanding control next stages
-backward integration: moving a step back in the supply-chain: reduce dependency on suppliers
-supplier → manufacturer → retailer → consumer
→ International (macro) environment: affect its operations, performance and culture
(communication, leadership and management, employees, company reputation)
-Strategic Business Unit: part of organization with own mission and objective, operates
Independently: autonomy and control over its resources
-portfolio analysis: how do the different brands help to get success in your company ⇒
market growth, market share, what investment, creating balances portfolio
-the boston box: draws attention to cash flow and investments
size circle = revenue

-marketing audit (controle):
-environmental: external, performance environments
-marketing strategy: mission, goals, strategy
-marketing organization: structure, personnel
-marketing systems: information, planning, control systems
-marketing function: product, services, prices, distribution, promotion

-marketing performance metrics (indicatoren): quantifiable way to track performance: help
brands determine whether campaigns are successful + provide insights to adjust (future)
campaign
→ Ex. social media click-through rate, brand awareness, website traffic, return on investment


3

, 3 Customer behavior
-automatic thinking: fast, unconscious, automatic, everyday decisions ⇒ prone to error: system1
-deliberate thinking: slow, conscious, effortful, complex decisions ⇒ reliable: system2
-confirmation bias: belief what they already know, other evidence is ignored (cognitive bias)
→ selective search for information, interpretation information, recall information, ignore
warning signs
-availability heuristic: the easier to recall, the more likely you think it can happen (cognitive bias)
→ remarkable, well-publicized or recent, available
-likeability heuristic: we are more likely influenced by people we like (cognitive bias)
→ people who are similar to us, we recognize, who pay us compliments, attractive people
-halo-effect: one remarkable characteristic judges over other characteristics (cognitive bias)
-blindspot bias/bias bias: think you are less biased than everyone else, failing to recognize your
own cognitive biases is a bias in itself (cognitive bias)
-endowment effect: overvalue goods we own, regardless of their objective market value
(motivational bias)
-present bias: preferring payoffs that are closer in time, immediate rewards (motivational bias)
-sunk cost fallacy: harder to let go of things ⇒ amount of time, money or effort you already
invested in something (motivational bias)
-consumer proposition acquisition process: select the right customers through effective ways
1 motive development: wish to obtain offering + recognize the need to solve a problem
2 information gathering: awareness, active vs. passive, information sources, internal search
vs. external search
3 proposition evaluation: consideration, determine choice criteria, evaluate the alternatives
4 proposition selection: select the offering fitting our needs most closely
5 acquisition/purchase: conversion, choose channel and payment method
6 re-evaluation
-cognitive dissonance: doubt your choice (rethink decision)
→ change behaviour, change belief, rationalize, justify purchase, seek confirmation
-advocacy: actively recommend a brand or product to others (referrals)
-traditional marketing funnel: how people learn about a product, decide to buy and hopefully
become loyal customers → engagement is a linear process


awareness → familiarity → consideration → purchase → loyalty




-zero moment of truth: online research before purchase decision
-key influencers: blogs or pages, huge numbers of followers, unlikely to know consumer personally
-social influencers: people within the consumer’s social network, might know personally
-known peer influencers: family members or part of the consumer’s ‘inner circle’
-perceptions: the way we perceive objects, events or people in the world (based on prior
attitudes, beliefs, needs, stimulus factors, and situational determinants)


4

Written for

Institution
Study
Course

Document information

Uploaded on
February 9, 2026
Number of pages
38
Written in
2025/2026
Type
SUMMARY

Subjects

$4.09
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
JansienLoos123

Get to know the seller

Seller avatar
JansienLoos123 Universiteit Antwerpen
Follow You need to be logged in order to follow users or courses
Sold
-
Member since
6 months
Number of followers
0
Documents
12
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions