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Karteikarten

Marketing Chapter 7

Jack Fogel Marketing Business Analyst Englisch 10 Karten

Karten in diesem Stapel (10)

  1. 1Business MarketingThe key is intended use.
    Business Products:
    - Are used to manufacture other
    products
    - Become part of another product
    - Aid the normal operations of an
    organization
  2. 2Major Categories of Business Customers1. Producers - OEMS
    2. Resellers - Wholesalers, retailers
    3. Governments - Federal, municipal, local
    4. Institutions - schools, churches, civic clubs, hospitals
  3. 3Strategic AlliancesA cooperative agreement between business firms (strategic partnerships)
  4. 4North American Industry Classification System (NAICS)*A detailed
    numbering system developed by the United States, Canada, and Mexico to classify North American business establishments by their main production processes.
    - Provides a common industry classification system
    - Valuable tool for marketers in analyzing, segmenting, & targeting markets
    Data can be used to determine:
    - Number, size, & geographic, dispersion of firms
    – Market potential / market share estimates
    – Sales forecasts
    – New customer identification
  5. 5Business VS Consumer MarketsDemand: Business (B) - Organizational, Consumer (C) - Individual
    Volume: Business - Larger, Consumer - Smaller
    # of Consumers: B - Fewer, C - Many
    Location: B: Concentrated, C: Dispersed
    Distribution: B - More Direct, C - More Indirect
    Nature of Buy: B - More Professional, C - More Personal
    Buy Influence: B - Multiple, C - Single
    Negoitations: B - More Complex, C - Simpler
    Recipicity: B - Yes, C - No
    Leasing: B - Greater, C - Lesser
    Promotion: B - Personal Selling, C - Advertising
  6. 6Demand in Business MarketsDerived: demand for business products results from demand for consumer products
    Inelastic: a change in price will not significantly affect the demand for the product
    Joint: multiple items are used together in final product; demand for one item affects all
    Fluctuating: demand for business products is more volatile than for consumer products
  7. 7Business Purchase Processes Factors1. Buying Centers
    2. Evaluative Criteria
    3. Buying Situations
    4. Business Ethics
    5. Customer Service
  8. 8Roles in Buying Centers- Initators
    - Influencers
    - Gatekeepers
    - Deciders
    - Purchasers
    - Users
  9. 9Evaluative Criteria1. Quality
    2. Service
    3. Price
  10. 10Buying SituationsNew Buy: a situation requiring the purchase of a product for the first time
    Modified Rebuy: a situation in which the purchaser wants some change in the original good or service
    Straight Rebuy: a situation in which the purchaser reorders the same goods or services without looking for new information or investigation of other suppliers

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Business Analyst Marketing Karteikarten am Marketing Chapter 7, erstellt von Jack Fogel am 06/10/2025.
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Jack Fogel
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