3. Contents
Demand & Demand states and
Marketing tasks.
Core Marketing Concept
Marketing philosophy
Company Responses &
adjustment
4. What do we mean by demand ?
-Demand is the total number of requests for a resource.
-Demand Management is all about making choices.
-Demand Management is based on “forecast and
plans”
5. Demand states and Marketing tasks.
Negative demand.
Ex:- Dental work ,vaccinations
No demand.
Ex:- Foreign language courses.
Latent demand.
Ex:- Harmless cigarettes, fuel efficient cars
Declining demand.
Ex:- churches.
8. Target Markets & Segmentation
Segmentation:-
* Identification of customer’s needs and market segments.
* Develop Profiles of resulting market segments.
Target market
* Evaluation of attractivity of each
segment.
* Select best one or more
segments to enter.
9.
10. Marketplace, Market Space & Metamarket
Marketplace
* It is physical as when one goes shopping in a store.
Example:- Afmi Plaza
Marketspace
* It is digital as when one goes shopping on the internet.
Example:- Asian Sky shop,Branoo.com
Metamarket
*Two or more distinct markets that are associated in
some way to a product & service.
Example:- Shaadi.com
11. Marketers & Prospects
Seeking response from each other when sell something
Prospect means expectation
12. Needs, Wants & Demand
“Needs are states of felt deprivation of some basic
satisfaction” .
Ex:- Hungry, Thirsty etc.
Wants are desires for specific satisfices of these deeper
needs.
Ex- Rich,Fish vs Barger,Frensh Fry
Demand- Human wants that are backed by buying power.
Ex- BMW, Radisson Blu
13. Product, Offering & Brand
Product- Offered anything for attention, acquisition,
consumption that satisfy a want & need.
Offering- Product that is sold into the marketplace
Brand- Offering from a known source.
Ex: McDonald’s,Nike.
14. Value & Satisfaction
Ratio between gets & gives.
Value =Benefits/Costs.
Exchange & Transactions
Obtaining a desired object from someone by offering
something in return.
Example: Hungry People
Is a trade of values between two or more parties.
Example: aamra smart solution sell a mobile at price 15999/=
15. Relationship & Networks
Aim of building mutually satisfying long term relations
with key parties.
Building of a unique company assents.
Marketing Channels
Communication channel, distribution Channel, service
channel.
16. Supply Chain
Describe a longer channel
stretching.
Forward integration and backward
integration.
Competition
All the actual & potential rival offering and substitutes.
Brand competition, industry Competition, form
competition and generic competition.
17. Marketing Environment
Task environment & Broad environment
Marketing Program
Numbers decisions on the mix of marketing tools to use.
The Marketing Mix:- Four marketing activities—product, pricing,
place and promotion—that a firm can control to meet the needs of
customers within its target market
19. The production concept
* Oldest
* Widely available and inexpensive.
* Primarily interest and low price.
Example :- Salt, Shop
20. The product concept
Not compromise the quality.
price high
Example:-Sony TV. I phone in
apple.
21. The Selling concept
Convert cash
Need sells not need customar satisfaction
Example :- Micro Max mobile, Insurance company.
22. Marketing concept
Adopting it profit can be earned on a long-term basis.
Realizing a profit by successfully satisfying
customer needs over the long-term
23. Consumer concept
Focusing on consumer’s satisfaction and Welfare
Maximizing profit is not main target of organization
Ensure the best quality
with fare price
The aim is to identifyspecific
group of customers to appeal
withits services
24. Societal concept
Gives importance not only consumer satisfaction but also
social welfare
Focusing on human life and pollution free atmosphere.
Example : produce a vehicle which consumes less petrol
25. Company Responses & adjustment
Reengineering
Outsourcing
E-Commerce
Alliances
Partner suppliers
Market centered
Global & local
Decentralization .