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Week 8, "Special Topics in Marketing" was derived from Principles of Marketing, which was adapted by the Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported license without attribution as requested by the work's original creator or licensee. © 2015, The Saylor Foundation. Week 8 Special Topics in Marketing B2B Marketing, Marketing Information Systems, and Monitoring and Measuring Marketing Activities This is special topics week, a compilation of three important issues in marketing. Thus far, we have following the marketing process through planning and implementation for business-to-consumer (B2C) consumers. Although we have touched on business-to-business (B2B) markets throughout the course, this week we will note some of the unique details as they relate to businesses selling to other businesses. Keep in mind that the marketing principles are not different for B2B markets; everything we have been discussing is equally applicable to both B2C and B2B marketing. The goal is still to create value, communicate value, deliver value, and exchange value with the right customers, clients, or partners. But there are some unique characteristics of B2B markets to discuss this week. If you are considering a career in marketing, you likely will be starting your career in a B2B environment. Our second objective this week is to introduce marketing information systems (MIS), the way businesses in B2B and B2C manage vast amounts of information, both from their own marketing research and other sources marketing professionals need to make good decisions. Technology has greatly aided the development and sustainability of powerful information systems that if used appropriately, can help companies create maximum value for the right customers. We will end the week reviewing some of the more important metrics used to monitor and adjust marketing activities. These are common key indicators most businesses use to take a snapshot at how the firm and its marketing activities are contributing to profitability or other strategic goals. Whether you pursue a marketing career or another business discipline, this is the common language used throughout an organization, and it will benefit you to understand it. 8.1 The Characteristics of Business-to-Business Markets L E A R N I N G O B J E C T I V E S 1. Identify the ways in which business-to-business (B2B) markets differ from business-to-consumer (B2C) markets. 2. Explain why business buying is acutely affected by the behavior of consumers. 1 http://www.saylor.org/site/textbooks/Principles%20of%20Marketing.pdf http://creativecommons.org/licenses/by-nc-sa/3.0/ Business-to-business (B2B) markets differ from business-to-consumer (B2C) markets in many ways. For one, the number of products sold in business markets dwarfs the number sold in consumer markets. Suppose you buy a $500 computer from Dell. The .
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