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Consumer Behavior: People in the Marketplace
Consumer Behavior: People in the Marketplace

... Cultural environment consists of institutions and other forces that affect a society’s basic values, perceptions, and behaviours  Core beliefs and values are persistent and are passed on from parents to children and are reinforced by schools, churches, businesses, and government  Secondary beliefs ...
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... direction will also come from practitioners in the discipline. In some fields, such as law, medicine, real estate, and accounting this practitioner guidance will be formalized through professional associations, codes of ethics, and specific standards or operational criteria. The relevance of the pre ...
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... must result in the higher requirement of business marketing ethics, which forms such a virtuous circle. The increase of business marketing ethical level will attract more consumers, lead consumer spending ethics and enhance consumer confidence. And enterprises should gain advantage in the competitio ...
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Celebrities Endorsement IN ADVERTISING

... understanding the consumer behavior is the prime and toughest task in front of every marketer. There are a lot of factors, which influence consumer buyer behavior. This study aimed at to understand the "influence of celebrity endorsee on consumer buying behavior and marketing." Marketers pay million ...
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Task 4 (annotated) [DOC 71KB]

... As marketing is essentially a way to increase profits, many businesses use unethical marketing if they believe it will increase consumer purchases and so increase profits. Recently Bank X marketed throughout Australia a fixed home loan offer of 4.99%. However, this was not open to all Australians an ...
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Viral marketing

Viral marketing, viral advertising, or marketing buzz are buzzwords referring to marketing techniques that use pre-existing social networking services and other technologies to try to produce increases in brand awareness or to achieve other marketing objectives (such as product sales) through self-replicating viral processes, analogous to the spread of viruses or computer viruses (cf. Internet memes and memetics). It can be delivered by word of mouth or enhanced by the network effects of the Internet and mobile networks. Viral advertising is personal and, while coming from an identified sponsor, it does not mean businesses pay for its distribution. Most of the well-known viral ads circulating online are ads paid by a sponsor company, launched either on their own platform (company webpage or social media profile) or on social media websites such as YouTube. Consumers receive the page link from a social media network or copy the entire ad from a website and pass it along through e-mail or posting it on a blog, webpage or social media profile. Viral marketing may take the form of video clips, interactive Flash games, advergames, ebooks, brandable software, images, text messages, email messages, or web pages. The most commonly utilized transmission vehicles for viral messages include: pass-along based, incentive based, trendy based, and undercover based. However, the creative nature of viral marketing enables an ""endless amount of potential forms and vehicles the messages can utilize for transmission"", including mobile devices.The ultimate goal of marketers interested in creating successful viral marketing programs is to create viral messages that appeal to individuals with high social networking potential (SNP) and that have a high probability of being presented and spread by these individuals and their competitors in their communications with others in a short period of time.The term ""VRL marketing"" has also been used pejoratively to refer to stealth marketing campaigns—marketing strategies that advertise a product to people without them knowing they are being marketed to.
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