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T1-lecture
T1-lecture

...  Set of expectations consumers have when consuming, or thinking about consuming, a specific product or services from specific company.  Most important expectations: Quality, reliability, consistency, trust, affection, loyalty, reputation Branding:  Process of brand creation (converting product to ...
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...  To segment but to be a mass marketer  Market is so small that it is not profitable to market to one portion of it  Heavy users comprise such a large proportion of sales that they are the only relevant target  Product is a dominant brand, and targeting to a few segments is not beneficial ...
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... tension caused by unsatisfied needs. • Provide the behavioural impetus for consumers to act to fulfill a need. • Marketing is motivation and does not create needs. ...
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Problems And Prospects Of Internet Marketing

... such as operating a sales force, fabricating a component or delivering products, and these activities have connection with the activities of suppliers, channels, and customers. Therefore, value chain is a framework for identifying all these activities and analyzing how they affect both a companies c ...
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Define the Marketing Manager`s Problem…Questions

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Target audience

A target audience is the intended audience or readership of a publication, advertisement, or other message. In marketing and advertising, it is a specific group of people within the target market at which a product or the marketing message of a product is aimed (Kotler 2000). For example, if a company sells new diet programs for men with heart disease (target market), the communication may be aimed at those men but also perhaps at their spouses (target audience). Targeted marketing and targeted advertising strive for narrowcasting rather than broadcasting.A target audience can be formed of people of a certain age group, gender, marital status, etc., e.g. teenagers, females, single people, etc. A combination of factors, e.g. men aged 20–30 is a common target audience. Other groups, although not the main focus, may also be interested. Discovering the appropriate target market(s)and determining the target audience is one of the most important activities in marketing management (Niewenhuizen et al. 2000). Perhaps the biggest mistake it is possible to make in targeting is trying to reach everybody and ending up appealing to no-one.
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