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... knowledge of individual purchases when a marketer crafts a lifestyle marketing strategy. ...
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... –Devises Marketing Strategies that Appeal to One or More of These Groups. ...
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... • Tailoring products and marketing programs to suit the tastes of specific individuals and locations. – Local marketing: Tailoring brands and promotions to the needs and wants of local customer groups. – Individual marketing: Tailoring products and marketing programs to the needs and preferences of ...
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... Sales promotions are activities that encourage buying on a short-term basis (Ogden & Ogden, 2014). Given this activity is implemented in hopes of increasing sales, what could possibly go wrong? Who does not enjoy increased sales? Table 6.1 (Ogden & Ogden, 2014) in our text lists the advantages and t ...
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... Our Global marketing structure is currently split by two broad audiences: buyers and suppliers. With the new products we are rolling out through Tungsten Network, a more product-focused approach to marketing with a regional breakdown for some areas will ensure a greater focus on our specific audienc ...
Strategic Planning and the Marketing Process
Strategic Planning and the Marketing Process

... The business portfolio is the collection of businesses and products that make up the company.  The company must:  analyze its current business portfolio or Strategic Business Units (SBU’s)  decide which SBU’s should receive more, less, or no investment  develop growth strategies for adding new p ...
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Marketing channel

A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; and is also known as a distribution channel. A marketing channel is a useful tool for management, and is crucial to creating an effective and well-planned marketing strategy.Another less known form of the marketing channel is the Dual Distribution channel. This channel is a less traditional form that allows the manufacturer or wholesaler to reach the end-user by using more than one distribution channel. The producer can simultaneously reach the consumer through a direct market, such as a website, or sell to another company or retailer that will reach the consumer through another channel, i.e., a store. An example of this type of channel would be franchising.Roles of marketing channel in marketing strategies Links producers to buyers. Influences the firm's pricing strategy. Affecting product strategy through branding, policies, willingness to stock. Customizes profits, install, maintain, offer credit, etc.↑ ↑ ↑ ↑ 4.0 4.1
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