Social and Group Forces on Consumer Behaviour
The ways in which we think, believe, and act are determined to a great extent by social forces and groups. […]
The ways in which we think, believe, and act are determined to a great extent by social forces and groups. […]
The aim of marketing is to meet and satisfy customers’ needs and wants. The field of consumer behaviour studies
After thoroughly evaluating the different segments, the company can follow one of three strategies: market aggregation, single-segment concentration, or multiple
Industrial markets can be segmented into some variables employed in consumer market segmentation. Such variables include geographic, benefits sought, and
There is no single way to segment a market. A marketer has to try different segmentation variables, singly and in
A market is the collection of people or organizations with (a) needs to satisfy (b) money to spend, and (c)
Apart from the basic strategic planning spanning several years into the future, it is also necessary to develop a more
Strategic marketing planning is a five-step process that assesses current performance; establishes specific marketing objectives; determines positioning and differential
Companies that adopt the marketing concept realize that marketing efforts are more successful when they are carefully planned. Strategic
< p style=”line-height: 124%; margin-bottom: 5pt;”>The second set of forces that make marketing an endlessly changing activity is put
A company’s marketing system often operates within the framework of marketing forces, which constitutes the system’s environment. Such forces are
Every move a marketer makes is affected by, and has some effect on his marketing environment. This could happen on