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Marketing Summary Chapter 12
Marketing Summary Chapter 12

... kind of promotion efforts it will take to meet these goals. Decide whether to use a push strategy or a pull strategy o Push strategy: the company tries to move its products through the channel by convincing channel members to offer them. o Pull strategy: the company tries to move its products throug ...
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... resources and capabilities to its market opportunities for long-term growth • Firms may become multi-product companies with self-contained divisions – Strategic Business Units (SBUs) – Example: The Walt Disney Company ...
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... • Sets prices based upon what the competition’s strategies, market offerings, costs and prices are. • Consumers will look at value in the product compare it to the competition and make a purchase decision based on what they see. ...
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... • Price – enough to make a profit and not too much for the market to bear • Promotion - how you communicate the existence of your product or service and its benefits • People - staff and customers • Positioning - brand or corporate identity ...
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... • In 2009, General Mills launched an advertising campaign targeting the Hispanic population • GM tripled its spending on Spanish-language TV to more than $35 million ...
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Neuromarketing

Neuromarketing is a field of marketing research that studies consumers' sensorimotor, cognitive, and affective response to marketing stimuli. Researchers use technologies such as functional magnetic resonance imaging (fMRI) to measure changes in activity in parts of the brain, electroencephalography (EEG) and Steady state topography (SST) to measure activity in specific regional spectra of the brain response, or sensors to measure changes in one's physiological state, also known as biometrics, including heart rate and respiratory rate, galvanic skin response to learn why consumers make the decisions they do, and which brain areas are responsible. Certain companies, particularly those with large-scale ambitions to predict consumer behaviour, have invested in their own laboratories, science personnel or partnerships with academia. Present in over ten countries, the Neuromarketing Business Association today centralizes academic publications and certifications and serves as a networking platform for professionals in the field.Companies such as Google, CBS, Frito-Lay, and A & E Television amongst others have used neuromarketing research services to measure consumer thoughts on their advertisements or products.Whilst the origin of the term ""neuromarketing"" has been attributed to Ale Smidts in 2002, the phrase was in use earlier. In the late 1990s, both Neurosense (UK) and Gerry Zaltmann (USA) had established neuromarketing companies. Unilever's Consumer Research Exploratory Fund (CREF) too had been publishing white papers on the potential applications of Neuromarketing.
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