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Summary ss marketing H4

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All chapters belong together for a summary of the entire marketing subject taught by professor Nathalie Dens in the 1st year of the HI (B), tew and sew bachelor's degrees

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Uploaded on
October 3, 2024
Number of pages
5
Written in
2023/2024
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Marketing Nathalie Dens

Business to business marketing
= marketing to (people in) the business market
=> companies, governments or not-for-profit organisations
= value exchange between organisations anywhere in the value chain
=> manufacturers, wholesalers, retailers/resellers, service providers, ngo’s, government

Characteristics business markets
= enormous, more money/items than consumer markets

- Nature of demand
o Derived demand
Ex. Invista sells fibre to those who sell fabric to those who sell garments to end
consumers => derived from consumers
o Volatility of demand
= demand is variable because consumer preferences/behavior fluctuate
o Inelastic
manufacturers do not want to led their customers down or are tied into fixed-price
contracts

- Buying processes
more formal/complex
o DMU
= decision making unit
= group of people involved in organisational purchasing processes

- International dimensions
easier to conduct internationally, the needs of businesses are more similar to one another
than needs of consumers

- Buyer-seller relationships
important, few players, larger value, reciprocal relationships = core element
o Technical support
joint R&D, after sales service, training,…
o Expertise
consultancy, dual selling (= customer’s sales force is supplemented by supplier),…
o Financial support
financing options, cooperative promotions, reciprocal buying,…
o Service levels
reliability, speedy or JIT delivery, automated reordering systems,…
o Risk reduction
demonstrations, guarantees, warranties, preventive maintenance, proactivity,...




1

, Marketing Nathalie Dens

Types of B2B customers, goods, services

- Organisational customers
o Commercial
Distributors, original equipment manufacturers (OEMs), wholesalers, retailers, …
o Government
Health, policing, education, transport, environmental protection, national defense
and security, …
o Institutions
Not-for-profit organizations (churches, charities), community based organizations
(housing associations), government related organizations (hospitals, schools)

- Business goods/service
o Input goods
= have been subjected to different levels of processing => lose their individual
identities and become part of the finished item
 raw materials, semi-manufactured parts, finished goods
o Equipment goods
= necessary for manufacturing/operations, cannot be identified in finished product
= capital/investment goods
 land, buildings, computer systems, machine tools
o Supply goods
= necessary to keep production/organisation running
= ‘consumables’, maintenance, repair, operating materials (MRO)
 Lubricants, paints, screws, cleaning materials, computer, IT servicing

Outsourcing:
hiring outside a company to perform services/create goods that were traditionally performed in-
house by the company’s own employees and staff

Organisational buying behavior

= decision making process by which formal organisations establish the need for purchased products
and services and identify, evaluate and choose among alternative brands and suppliers

- Processes of decision making units
o Straight rebuy
= purchasing department reorders on a routine basis without making adjustments
 Office supplies, utilities, …
o Modified rebuy:
= requirement is not new, but is different from previous situations
 Adjustments to solution, negotiation on price levels, alternative delivery, …
 More information needed, more participants involved
o New task
= new purchase
 Higher cost/risk: more participants, more efforts
 Greatest opportunity and challenge for marketers
 Reach key figures in DMU + provide help and information




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