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Explain Marketing
Explain Marketing

... directing all of their efforts to satisfying the needs and wants of the customers. Businesses make a profit by offering the goods and services that the consumer wants. Recognizes the importance of the consumer in the buying process. The Customer is ALWAYS RIGHT! ...
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... 1. Measurable- Must be quantifiable 2. Accessible- You must be able to reach them 3. Substantial- Must be large enough so company benefits 4. Differentiable- Segment must respond differently 5. Actionable- Company must be capable of marketing to identified segments ...
Ind. 3.02 * Select a target market appropriate for venture/product to
Ind. 3.02 * Select a target market appropriate for venture/product to

...  Market Segmentation is ...
Ind. 3.02 * Select a target market appropriate for venture/product to
Ind. 3.02 * Select a target market appropriate for venture/product to

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... – 1 outlet in a geographical area Selective Distribution – limited number of outlets in an area Intensive Distribution – available in all suitable outlets ...
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What Makes Customers Tick by Lewis P. Carbone

... Later years brought a customer orientation Products should be designed around customers’ needs Q: How do we know what customers want? A: Ask them—through marketing research ...
Marketing Has Many Tools: The Marketing Mix
Marketing Has Many Tools: The Marketing Mix

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...  2. Define the products and/or services your business has to offer, and at what price  3. Who to tell: who is your primary or first market?  4. How will you contact your markets?  5. Who else is doing what you want to do? Can you use their experience? ...
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Viral Marketing…Fun or Annoying?

... • Marketing techniques that use preexisting social networks to produce increases in brand awareness, through self-replicating viral processes, analogous to the spread of pathological and computer viruses ...
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... many cases, the customer is also the consumer. For example, Tracey purchases and uses Tide detergent. Slides 11-13: Recognize the benefits of marketing.  New and improved products/services. o Businesses create new products and improve existing products to maintain their current customers or attract ...
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Market segmentation - aishscbusinessstudies
Market segmentation - aishscbusinessstudies

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Chapter 10 Review - Campbell County Schools
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Marketing mix development
Marketing mix development

... MARKETING MIX DEVELOPMENT Purpose This tool will help you define what it is that your customer will get or experience from the intervention – it’s features and benefits. The mix is based on the 4P’s of marketing: product, price, place and promotion but can also include other P’s such: people, proces ...
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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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