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Customer Relationship Marketing
Customer Relationship Marketing

... The new emphasis on building brand loyalty is encouraged by the fact that it costs four-to-six times more to convert a customer than it does to retain one. One study, conducted by Jagdish N. Sheth, specifically concluded that it “costs five times as much to replace a typical customer as it does to t ...
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... factory, focuses on the company’s existing products, and calls for heavy selling and promotion to obtain profitable sales. It focuses heavily on customer conquest—getting short-term sales with little concern about who buys or why. In contrast, the marketing concept takes an outside-in perspective. I ...
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appetizers - DataSsential

Raising Marketing`s Aspirations
Raising Marketing`s Aspirations

... solace in the trend, but they should be concerned that the majority of consumers still view marketing in a negative light. ...
Marketing and Marketing Management: A First Basic
Marketing and Marketing Management: A First Basic

... • Capturing marketing insights: You need a reliable marketing information system to monitor their marketing environment so they can continually assess market potential and forecast demand. To transform strategy into programs, marketers must make basic decisions about their expenditures, activities, ...
CHAPTER 11 Customer-Driven Marketing
CHAPTER 11 Customer-Driven Marketing

... Person, place, event, cause, and organization marketing are examples of marketing efforts that go beyond traditional product-oriented appeals. They are used primarily by the not-for-profit sector, but also have gained increased use in private businesses. ...
Chapter Questions and Activities
Chapter Questions and Activities

... handy and will buy whatever brands are easy to obtain. In general, convenience products are low priced and widely available. Consumers generally already know all they need or want to know about a convenience product, devote little effort to purchases, and willingly accept alternative brands if their ...
A product mix - KV Institute of Management and Information Studies
A product mix - KV Institute of Management and Information Studies

... offers a buyer for purchase. For example a seller of a toothbrush not only offers the physical product but also the idea that the consumer will be improving the health of their teeth. A product is anything that can be offered to a market that might satisfy a want or need. In retailing, products are ...
A Conceptual Evaluation of Traditional and Multi-Level Marketing
A Conceptual Evaluation of Traditional and Multi-Level Marketing

... This is a literature-based paper and therefore, secondary sources are used. Data obtained from different published books on marketing and MLM, articles and study reports. ...
Special Topics in Social Media Services 社會媒體服務專題
Special Topics in Social Media Services 社會媒體服務專題

... “There will always be need for some selling. But the aim of marketing is to make selling superfluous. The aim of marketing is to know and understand the customer so well that the product or service fits him and sells itself. Ideally, marketing should result in a customer who is ready to buy. All tha ...
CONSUMER PROTECTION ACT GUIDE
CONSUMER PROTECTION ACT GUIDE

... services that is subject to regulation by FAIS or (ii) is regulated in terms of the Long-Term or Short-Term Insurance Acts (no’s 52 and 53 of 1998 respectively); d) the transportation of any individual or goods; e) the provision of – (i) any accomodation or sustenance (ii) any entertainment or sim ...
MARKETING EVOLUTION: THE ROLE OF CROWD
MARKETING EVOLUTION: THE ROLE OF CROWD

Read PSONA`s full report
Read PSONA`s full report

... The romantic idea of starting a family can quickly evaporate when first-time parents realise just how many things they’ll need to buy – from conception through to birth and beyond. Brands have the expertise and resources to support new families throughout this life stage, but many are doing a poor j ...
THE MARKETING BUSINESS CASE FOR DIVERSITY
THE MARKETING BUSINESS CASE FOR DIVERSITY

... contained in its marketing mix, comprising the product design and packaging, its price, promotion and places that the product can be purchased. The marketing mix plays an important role in the development of a firm’s brand equity. Developing strong brand equity in a market is a powerful reputation m ...
BA 206 - Basic Marketing
BA 206 - Basic Marketing

... population) for the United States and other countries around the globe. By studying final consumer lifestyles and decision making, we can learn about why and how consumers act as they do. Lifestyles encompass various social and psychological factors, many of which we note here. The decision process ...
Customer Life Cycle Management- Time and
Customer Life Cycle Management- Time and

Marketing, the Marketing Mix (4P`s), and the Nine P`s
Marketing, the Marketing Mix (4P`s), and the Nine P`s

... empowered in their media usage and consumption. With more media outlets and channels offering new ways to promote and communicate, many businesses struggle with fragmented messages across traditional, digital and social media avenues. The brand is what "they" say you are. Communicate the brand “valu ...
Markets What - University of Kelaniya
Markets What - University of Kelaniya

... social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others (Kotler) ...
Marketing Fundamentals overview of course content
Marketing Fundamentals overview of course content

... some selling. But the aim of marketing is to make selling superfluous. The aim of marketing is to know and understand the customer so well that the product or service fits him (or her) and sells itself. Ideally, marketing should result in a customer who is ready to buy. All that should be needed the ...
Integrated Marketing Communication in Building
Integrated Marketing Communication in Building

... programs to satisfy them are at the heart of successful marketing. Marketing communications are the means by which firms attempt to inform, persuade, and remind consumers directly or indirectly about the existence of a brand. Integrated marketing communication tries to mix and match communication op ...
brand management in small and medium enterprise
brand management in small and medium enterprise

... core of the SME marketing is the continuous improvement of the owners expertise gained from carrying out the business and as a result, the marketing characteristics of the SME are consequential to both the knowledge of the owner and the company’s characteristics (Carson and McCartan-Quinn, 1995). Br ...
maori branded products project
maori branded products project

Chapter 1
Chapter 1

... Plan and Program Marketing Mix The marketing mix is the set of tools (four Ps) the firm uses to implement its marketing strategy: • Product – create a need-satisfying market offering • Price – decide how much it will charge for the offer • Promotion – communicate with target customers about the offe ...
1723 Employee-Based Brand Equity: Antecedents
1723 Employee-Based Brand Equity: Antecedents

... increased by (a) credibility and (b) the clarity of the brand Employees have emotional connections to the company due to membership (Bergami and Bagozzi 2000). Identification with organization and person organization fit, in this study, are determined as psychological and sociological benefits of co ...
How Small Businesses Are Using Guerrilla Marketing
How Small Businesses Are Using Guerrilla Marketing

... executed well, it will often be low cost yet reach a highly targeted audience. It can also be a great way to get noticed, distinguish from the competition and earn a reputation for being fun and different. In an interview with Entrepreneur magazine, several guerrilla marketing agency experts divulge ...
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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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