• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 2 out of 5 pages
Summary

Summary ss marketing H4

Document preview thumbnail
Preview 2 out of 5 pages

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

Content preview

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




2

Document information

Study
Uploaded on
October 3, 2024
Number of pages
5
Written in
2023/2024
Type
Summary
$4.00

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

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
colettetje2000
3.2
(5)
Sold
30
Followers
0
Items
87
Last sold
1 week ago




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