1. MARKETING MANAGEMENT 12 th edition 7 Analyzing Business Markets KotlerKeller

2. 7-2 Organizational Buying Decision-making process by which formal organizations establish the need for purchased products and services, and identify, evaluate, and choose among alternative brands and suppliers.

3. 7-3 Characteristics of Business Markets Fewer, larger buyers Close supplier- customer relationships Professional purchasing Many buying influences Multiple sales calls Derived demand Inelastic demand Fluctuating demand Geographically concentrated buyers Direct purchasing

4. 7-4 Buying Situation Straight rebuy Modified rebuy New task

5. 7-5 The Buying Center Initiators Users Influencers Deciders Approvers Buyers Gatekeepers

6. 7-6 Of Concern to Business Marketers Who are the major decision participants? What decisions do they influence? What is their level of influence? What evaluation criteria do they use?

7. 7-7 Handling Price-Oriented Customers Limit quantity purchased Allow no refunds Make no adjustments Provide no services

8. 7-8 Table 7.2 Vendor Analysis

9. 7-9 Desirable Outcomes of a B2B transaction: OTIFNE OT On time NE No error IF In full