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Strategic Marketing Planning and Control
Strategic Marketing Planning and Control

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... compete to provide consumers with products and services that reflect their interests and concerns. At the same time, the global business community is keenly aware that the proper functioning of a free market economy depends on consumers receiving accurate and non-misleading information about product ...
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... Explanation: Relationship marketing and the marketing concept are based on the philosophy of being customer oriented. Firms that follow a selling concept emphasize sales volume and product features. The marketing concept focuses on customer wants and long-term profits. . 25. In transaction selling, ...
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... actual, physical product that is sold to the customer. Product is not limited to just tangible products, but also encompasses the service industry. The Promotion aspect of marketing is concerned with making the customer aware of the product and with arousing the customer’s desire for that product. ...
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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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