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How to Build a Successful B2C International Business
How to Build a Successful B2C International Business

IMC * 4 Days Day One
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Practicum 5 - WordPress.com
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purchase decision of indian consumers: the factors of attraction
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... The process by which a market is divided into distinct customer subsets of people with similar needs and characteristics leading them to respond in similar ways to a product/service offering ...
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... 4. purchase decision 5. postpurchase behavior Problem recognition - perceiving a difference between a person’s ideal and actual situation big enough to trigger a decision. Information search - seeking out a solution to your problem or need. It suggests criteria to use for the purchase, yields brand ...
Product, Promotion, Distribution, and Pricing Learning Objectives
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... Products are anything that a company offers to meet the needs and wants of the consumer. Consumer products are for personal use or consumption. There are four categories for consumer products. Understanding each category contributes for a better strategy: 1. The first category is convenience. This c ...
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Functions of marketing and marketing mix

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... consumers are also not satisfied. The company will have to change the marketing plan, consumer services and products promotion methods in an aim of increasing the level of consumer satisfaction. ...
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Consumer behaviour

Consumer Behaviour is the study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society. It blends elements from psychology, sociology, social anthropology, marketing and economics. It attempts to understand the decision-making processes of buyers, both individually and in groups such as how emotions affect buying behaviour. It studies characteristics of individual consumers such as demographics and behavioural variables in an attempt to understand people's wants. It also tries to assess influences on the consumer from groups such as family, friends, sports, reference groups, and society in general.Customer behavior study is based on consumer buying behavior, with the customer playing the three distinct roles of user, payer and buyer. Research has shown that consumer behavior is difficult to predict, even for experts in the field. Relationship marketing is an influential asset for customer behaviour analysis as it has a keen interest in the re-discovery of the true meaning of marketing through the re-affirmation of the importance of the customer or buyer. A greater importance is also placed on consumer retention, customer relationship management, personalisation, customisation and one-to-one marketing. Social functions can be categorized into social choice and welfare functions.Each method for vote counting is assumed as social function but if Arrow’s possibility theorem is used for a social function, social welfare function is achieved. Some specifications of the social functions are decisiveness, neutrality, anonymity, monotonicity, unanimity, homogeneity and weak and strong Pareto optimality. No social choice function meets these requirements in an ordinal scale simultaneously. The most important characteristic of a social function is identification of the interactive effect of alternatives and creating a logical relation with the ranks. Marketing provides services in order to satisfy customers. With that in mind the productive system is considered from its beginning at the production level, to the end of the cycle, the consumer (Kioumarsi et al., 2009).
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