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Monopolistic Competition
Monopolistic Competition

Classification of services
Classification of services

Intro Marketing
Intro Marketing

Glossary of Service Marketing and Management Terms
Glossary of Service Marketing and Management Terms

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... believe they should do more than pursue profits. Although a company must consider its economic needs first, it must also operate within the law, do what is ethical and fair, and be a good corporate citizen. The concept of sustainability is that socially responsible companies will outperform their pe ...
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... They are very careful people and take time to adopt things. They tend to collect information about the change or the product, study carefully and then adopt on the basis of their merits. Question No: 30 ( Marks: 3 ) Psychological pricing is gaining importance day by day with the changing views of cu ...
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... Dividing a market into different groups based on sex Dividing a market into different income groups Dividing a market into groups based on consumer knowledge, attitude, use, or response to a product Dividing the market into groups according to occasions when buyers get the idea to buy, actually make ...
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... 1. Suppliers: They are the people who provide necessary resources needed to produce goods & services. Policies of the suppliers have a significant influence over the marketing manager’s decisions because, it is laborers, etc. A company must build cordial & long-term relationship with suppliers. 2. M ...
Some Factors in Industrial Market Segmentation
Some Factors in Industrial Market Segmentation

... Competition for the customers must be considered-will segmentation allow manufacturers to opt for the best markets? Can the number of customers lost be offset by lessening the competition? This can be accomplished by offering a degree of superior product advantages to certain customers. By producing ...
chapter11
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... Many promotions are ineffective and too costly due to coupon redemption rats, displaced sales or stocking-up. Other factors that effect the effectiveness of sales promotions is size loyalty of consumers, the amount and type of search involved, and the brand's equity. B. Trade promotions designed to ...
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... Reputation Benefits -- Benefits derived from the offering and supplier's image and reputation. Relationship Benefits -- Benefits derived from maintaining a relationship with the supplier (e.g., better understanding of needs, membership in a community, etc) Generic Customer Costs A framework for thin ...
CHAPTER 6
CHAPTER 6

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... Target Market – The group of people most likely to become customer, identified for a specific marketing program. (Marketing Essentials, 2012) Target Market – a group of people that an organization has decided to aim its marketing efforts towards. Wikipedia B2B – “Business to Business” A business tha ...
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... Product development – finding and developing a new product – no sales yet and high costs Introduction – slow sales growth as the product is introduced in the market – due to heavy expenses, ...
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IOSR Journal of Business and Management (IOSR-JBM)

... These function aim to correspond with the buying capacity of consumers so that organization can achieve better financial performance to make a position in the competitive market (Mooij, 2009). Price endorsement is the promotion of price by the means of advertisement. Allowing discount on price is an ...
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CHAPTER 9 (blend of the chapters 13+14+15 of the text book)
CHAPTER 9 (blend of the chapters 13+14+15 of the text book)

posting 28122
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... the amount of product that is already sold or purchased. For example, penetration of TVs in their potential markets is very high, while penetration of household robots is very low. If there are 10,000 possible users and 1,000 of them already using a product or service, then that’s a 10% penetration. ...
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... Average grower returns/tray have increased from $3 /tray in 1997 to $6/tray in 2003. There has been an increase of 27%/tray since 2002 however returns may decrease slightly due to the high NZ$. The strong $ could cut kiwifruit returns by a dollar a tray in the 04/05 season. However this reduction in ...
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Price discrimination

Price discrimination or price differentiation is a pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets. Price differentiation is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay.The term differential pricing is also used to describe the practice of charging different prices to different buyers for the same quality and quantity of a product, but it can also refer to a combination of price differentiation and product differentiation. Other terms used to refer to price discrimination include equity pricing, preferential pricing, and tiered pricing. Within the broader domain of price differentiation, a commonly accepted classification dating to the 1920s is: Personalized pricing (or first-degree price differentiation) — selling to each customer at a different price; this is also called one-to-one marketing. The optimal incarnation of this is called perfect price discrimination and maximizes the price that each customer is willing to pay, although it is extremely difficult to achieve in practice because a means of determining the precise willingness to pay of each customer has not yet been developed. Group pricing (or third-degree price differentiation) — dividing the market in segments and charging the same price for everyone in each segment This is essentially a heuristic approximation that simplifies the problem in face of the difficulties with personalized pricing. A typical example is student discounts. Product versioning or simply versioning (or second-degree price differentiation) — offering a product line by creating slightly different products for the purpose of price differentiation, i.e. a vertical product line. Another name given to versioning is menu pricing.↑ ↑ 2.0 2.1 2.2 2.3 ↑ 3.0 3.1 3.2 3.3 ↑ ↑ ↑ ↑ 7.0 7.1 7.2 7.3 7.4 7.5 ↑ 8.0 8.1 8.2 ↑ 9.0 9.1 ↑ ↑ 11.0 11.1 ↑ ↑
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