Buad 332 moon Study guides, Class notes & Summaries

consumer buying behavior - the buying behavior of people who buy goods and services for personal use. these people create the consumer market How do consumers respond to various marketing efforts the company might use? - central question for marketers Simple Model of Consumer Buying Behavior (3 categories) - 1. Marketing and other stimuli 2. Buyer's black box 3. Buyer's response Simple Model of Consumer Buying Behavior (marketing & other stimuli) - Market-product, place, price, promoti...

What is the simple definition of marketing? - managing profitable customer relationships goals of marketing activity - 1. Attract new customers by promising superior value 2. Keep and grow current customers by delivering customer satisfaction Define Marketing - A social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others. Simple Model of the Marketing Process - Create value for customers and bui...

BUAD 332- Moon- EXAM 1 Questions with Complete Solutions 100% Verified What is the simple definition of marketing? - Correct Answers managing profitable customer relationships goals of marketing activity - Correct Answers 1. Attract new customers by promising superior value 2. Keep and grow current customers by delivering customer satisfaction Define Marketing - Correct Answers A social and managerial process by which individuals and groups obtain what they need and want through creating...

What is the simple definition of marketing? - Answer-managing profitable customer relationships goals of marketing activity - Answer-1. Attract new customers by promising superior value 2. Keep and grow current customers by delivering customer satisfaction Define Marketing - Answer-A social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others. Simple Model of the Marketing Process - Answer-C...

consumer buying behavior - ️️the buying behavior of people who buy goods and services for personal use. these people create the consumer market How do consumers respond to various marketing efforts the company might use? - ️️central question for marketers Simple Model of Consumer Buying Behavior (3 categories) - ️️1. Marketing and other stimuli 2. Buyer's black box 3. Buyer's response Simple Model of Consumer Buying Behavior (marketing & other stimuli) - ️️Market-pro...

What is the simple definition of marketing? - ️️managing profitable customer relationships goals of marketing activity - ️️1. Attract new customers by promising superior value 2. Keep and grow current customers by delivering customer satisfaction Define Marketing - ️️A social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others. Simple Model of the Marketing Process - ️️Creat...

Goal of Customer- Driven marketing strategy - ️️to create VALUE for targeted customers Market Segmentation - ️️Dividing a market into smaller groups with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. (taking heterogeneous customers and dividing them into more homogeneous groups) selecting customers to serve - ️️- "Who is our customer?" -Selecting customers to serve using segmentation and targeting -We cannot make...

forms of direct marketing - ️️- direct-mail marketing - catalog marketing - telemarketing - direct-response TV marketing - kiosk marketing - new digital techonologies - online marketing - face-to-face selling new digital direct marketing technologies - ️️mobile phone marketing new digital direct marketing technologies example - ️️Prismaxel for mobile marketing and GPShopper click-and-mortar business trends - ️️- almost all traditional companies now have online sal...

Marketing - ️️managing profitable customer relationships Goals of Marketing - ️️1. Attract new customers by promising superior value 2. Keep and grow current customers by delivering customer satisfaction Need - ️️state of felt deprivation (physical, social, individual) Want - ️️a form that a human need takes as shaped by culture, individual personality, and marketers Demand - ️️wants + buying power Market - ️️the set of all actual and potential buyers of a...