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Buzz Marketing-SWOT Analysis - International Journal of Innovative
Buzz Marketing-SWOT Analysis - International Journal of Innovative

... Buzzing, also described as 'micro-marketing,' presuppose that a person-to-person marketing message is so powerful that it could potentially reach more people than a broadcast message, if only it is buzzed about in great quantity by people who have very long contact lists and no misgivings about prom ...
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... as a way to remain competitive. Marketing strategy has become important tool globally for any organization to remain in competitive market environment and was stronger. Aremu and Lawal (2012) sees strategy as a pattern ofresource allocation decisions made throughout an organization.This encapsulates ...
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... As an AMA member, I agree to abide by the AMA Statement of Ethics, embracing the highest ethical norms and values for marketers. (1) Marketers must first do no harm. (2) Marketers must foster trust in the marketing system. (3) Marketers should embrace, communicate and practice the fundamental ethica ...
Chapter 7: Market Segmentation, Targeting, and Positioning
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... Buyer Behavior Other people often influence a consumers purchase decision. The marketer needs to know which people are involved in the buying decision and what role each person plays, so that marketing strategies can also be aimed at these people. (Kotler et al, 1994). ...
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... of promotional activities is a complex and time-consuming process. It allows evaluating the timeliness and quality of the advertising campaign, no matter what goal it is pursued: the market launch of a new product, attract customers to additional consumption of already known product, acquisition of ...
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... Human decision-making is largely influenced by underlying heuristics and biases (Tversky and Kahneman, 1974). Individuals gain such heuristics over time and thus reduce the need for extensive cognitive evaluation when a purchase decision is due. They acquire a set of choice tactics through earlier e ...
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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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