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Principles of Business
Principles of Business

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... purchase behaviour towards sales promotional efforts yield positive or negative for the product concerned since manufacturing organisations operate under inflexible competitions and increasing harsh challenges that make it almost impossible for the organisation to meet the profitability target and r ...
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... through an unbeatable combination of product customization, uct innovation and design. Its obsession w ith low costs resulted low prices, fast delivery, and award-winning customer service. in a narrow product and operations focus—assembling, selling, A customer can call 1 -800-Buy-Dell or log on to ...
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... toward them. After identifying the different segments, the firm goes after, or targets, certain groups on the basis of the firm’s perceived ability to satisfy the needs of those groups better than competitors and profitably. To complete the STP process, firms position their products or services acco ...
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... The Internet and social media channels mean that you have no excuse not to know what consumers are interested in. Taking steps to stay connected with your market is critical and can be as easy as identifying certain keywords to track via online tools. Hootsuite is one of the most popular solutions f ...
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Guerrilla marketing

Guerrilla marketing is an advertisement strategy concept designed for small businesses to promote their products or services in an unconventional way with little budget to spend. This involves high energy and imagination focusing on grasping the attention of the public in more personal and memorable level. Some large companies use unconventional advertisement techniques, proclaiming to be guerrilla marketing but those companies will have larger budget and the brand is already visible. The main point of guerrilla marketing is that the activities are done exclusively on the streets or other public places, such as shopping centers, parks or beaches with maximum people access so as to attract much audience.Unlike typical public marketing campaigns that utilize billboards, guerrilla marketing involves the application of multiple techniques and practices in order to establish direct contact with the customers. One of the goals of this interaction is to cause an emotional reaction in the clients and the final goal of marketing is to get people to remember brands in a different way than they are used to . The technique involves from flyer distribution in public spaces to creating an operation at major event or festival mostly without directly connecting to the event but using the opportunity. The challenge with any guerrilla marketing campaign is to find the correct place and time to do the operation without getting involved in legal issues. The different types of guerrilla marketing are: Ambient, Ambush, Stealth, Viral and the new concept called Street Marketing, coined by Dr. Marcel Saucet, Professor at University of San Diego and Harvard case study lecturer in his book Street Marketing TM, in 2013.
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