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Published byDebra Brittany Stanley Modified over 9 years ago
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The Meaning of Marketing
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Marketers are bridge-builders On one side there is the company or organization
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Marketers are bridge-builders On the other there are consumers
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Marketers are bridge-builders The company or organization has resources Capital resources Human resources Technical resources Physical resources Consumer franchise
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Marketers are bridge-builders The consumers have needs Physical Safety Affiliation Prestige Fulfillment
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Marketers are bridge-builders Marketers build a bridge between the company’s resources and consumers’ needs
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Marketers are bridge-builders That bridge stands on four pillars
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Marketers are bridge-builders Name the pillars on which the bridge stands
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Marketers are bridge-builders Name the pillars on which the bridge stands ProductPricePlacePromotion
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Marketers’ two major decisions How to construct the pillars? Product Place Pricing Promotion Orchestration of the Marketing Mix
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Marketers’ two major decisions To where should the bridge be built? Demographics Geographics Psychographics Market Segmentation Target Marketing
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Two sources of information Consumer Behavior Principles of the behavioral and social sciences Marketing Research Primary research data Secondary research data
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What is Consumer Behavior? Consumer psychology Consumer sociology Consumer anthropology Consumer (behavioral) economics
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Social Science Perspectives Psychology Family formation Mating & dating Religiosity Political preferences Consumer behavior Occupational values Financial behavior Social affiliations Recreational behavior Effects of psychological makeup on:
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Social Science Perspectives Sociology Family formation Mating & dating Religiosity Political preferences Consumer behavior Occupational values Financial behavior Social affiliations Recreational behavior Effects of social position and conditions on:
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Social Science Perspectives Anthropology Family formation Mating & dating Religiosity Political preferences Consumer behavior Occupational values Financial behavior Social affiliations Recreational behavior Effects of culture, subculture and ethnicity on:
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Social Science Perspectives Economics Family formation Mating & dating Religiosity Political preferences Consumer behavior Occupational values Financial behavior Social affiliations Recreational behavior Effects of income, wealth and earning power on:
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Consumer Behavior perspectives PsychologySociology AnthropologyEconomics
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Structure of the course Consumer psychology Needs Motives Perception Learning Personality
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Structure of the course Consumer social psychology Communications Attitude formation Attitude change
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Structure of the course Consumer sociology Reference groups Group dynamics Social class
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Structure of the course Consumer anthropology Culture Subculture Ethnicity
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Structure of the course Consumer economics Decision making Perceive risk Innovation diffusion Adoption process
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