3. LESSON 1
Marketing - aimed in developing and managing trusting and long term
relationship with larger customers.
Customer Service - provision of Service to customers before, during and after a
purchase.
Customer Service Skill Matter
1. Patience - reach out to support
2. Attentiveness - listen to customer
3 . Ability to use" Positive Language” - creating happy customers
4. Selling Concept - Focus on advertising. Just selling an
already existing, and using promotion techniques to attain
the highest product sales possible.
Marketing Concept - Determine what the customer wants,
then produce the same and sell the same.
5. TOP 7 SUCCESSFUL BUSINESS IN THE PHILIPPINES
1. SM
2. National Bookstore, INC.
3. Meralco
4. Ayala Corporation
5. Jollibee
6. Philippine Airlines
7. GMA Network, INC
6. CONSUMER BUYING BEHAVIOR MARKETING POSITIONING
1. Need Recognition
2. Informative search
3. Evaluation of Alternatives
Purchase Decisions - forms an intention to
purchase a particular product or brand.
Purchase Evaluation - connection between
the buying process and the development of
long-term customer relationship
Types of Business Market
Commercial Market
Re-seller Market
Government Market
Institutional Market
7. MARKET SEGMENTATION
process of defining and subdividing a large homogenous market
Basic Market segmentation
1. Behavioral
2. Psycho-graphic
3. Demographic
4. Geographical Differences
8. Bases for positioning
1. Attribute
2. Price and Quality
3. Use or application
4. Product user
5. Product class
6. competitor
7. Emotion
Segmenting Business Markets
1. Graphical location
2. Company size
3. Usage Rate
4. End User
5. Type of Buying situation
9. LESSON 2
Strategic Marketing - consists of the selling your product in such a
way that you achieve a goal
Tactical Marketing - determine how you will implement your
strategies
Know your customer - create detailed profiles of your customers to
support the tactics
Marketing channels - used to implement tactics
10. Macro Environment-major external and uncontrollable factors
that influence an organization’s decision making and affect its
performance and strategies
Micro Environment - factor or elements in an organization's
immediate area of operations that affects its performance and
decision making Freedom.
Impact of Micro and Macro Environment Factors in Marketing
Micro Environment
Suppliers - can control the success of the business when they
hold the power
Re-sellers - the marketing success is impacted by those 3rd
party re-sellers
Customers - buying the product will play the large role in how
you approach the marketing of your products and services to
them
Competition - organization who sell same or similar product and
service as yours are your market competition it's
General public - Your organization has a duty to satisfy the
public
Macro Environment
Demographic forces - impacted different marked segments
Economic forces - impact both organization’s production and
Customer’s decision making
Natural/Physical forces - natural non renewal resources impact
the organization's production
Technological factors - impact the smooth running of the
business and must be considered.
Political and Legal forces - Sound marketing decisions should
always take
Social and cultural forces - impact the products and service your
organizations brings to market have on society must be
considered.
11. MARKETING RESEARCH
information used to identify and define
Steps in Marketing Research
1. Define the Objective -& Your "Problem”
2. Determine your “research design”
3. Design & Prepare your “research instrument"
4. Collect your Data
5. Analyze your Data
6. Visualize your data and Communication Results
12. Consumer - a purchase of a good or service in retail
Business Markets - are generally made up of businesses which buy products and raw materials
for their own operation
Marketplaces - where organizations purchase raw material, natural resources and components of
other products for their resale or for use in manufacturing another product
Buying Behavior - irrational and unpredictable.
Conventional biomedical practitioner can recognize pluralism:
Inquiry
Acknowledgment
Accommodation
13. LESSON 3
Product - anything in the form of goods, services or idea
3 Components
1. Core product- end benefit for the buyer; the buyer is really buying
2. Formal product - actual physical or perceived characteristics of the product
3. Augmented product - support items that complete the total product offering
14. CATEGORIES OF CONSUMER PRODUCT
1. Convenient - appeal to very large market segment, generally consumed (Ex. food, cleaning products)
2. Shopping Products - consume on a less frequent schedule
3. Specialty Products - carry a high price tag; consumers are much more selective (Ex. luxury automobiles)
4. Unsought Products - purchase is unplanned by the consumer; Decisions are made when customer is
exposed to promotion activity
Product Life Cycle - each stages on characteristics that mean different things
1. Introductory Stage - priciest for a company launching a new product
2. Growth Stage - Strong growth in sales and profit
3. Maturity Stage - product is established and aim to keep market share
4. Decline - reduction could be due to the market becoming Saturated
15. STRATEGIES
Re Packaging - give mature product a new image
Discounting - designing new pricing strategy
Re Branding - extending approach to extending its life cycle
Expanding Abroad - foreign country to reach out to a totally
unserved market
16. HOW TO DETERMINE SELLING PRICE
Variable Costs - vary depending on the changes in a
company's production volume
Fixed Costs - do not change
SELLING PRICE METHODS
Break-even Pricing - cost, expenses, revenue are
equal; no net loss or gain
Competition based Pricing - setting comparable
with competition
Value Based Pricing - price based on the perceived
value of the product Discount and Allowance
Pricing - adjust prices to reward consumers
Discount Pricing- straight reduction in price
Allowance Pricing - manufacturer offered to a
Retailer; done to cover the cost distributing the
manufacturer's products.
Segment Pricing - Sets more than one price to a
product
Market Segments - (Ex. web page indicating
discounts)
Psychological Pricing - setting prices according to
the psycho-graphics
Reference Pricing - cost that consumers anticipate
paying is considered by the marketer.
Odd even pricing - take advantage of the
psychological fact
17. LESSON 4
o Marketing plan - comprehensive document or blueprint
o Marketing Plan Outline - based on where a company needs to be at some point in the future
o Marketing Research - gathering and classifying data about the market
o Competition - the organization will stick out from its competition
o Marketing plan strategies - developing the marketing and promotion strategies that the
organization will use
o Marketing plan budget -marketing plan should be within the budget
o Marketing goals - plans should include attainable marketing goals
Contemporary Approaches
Customer Relationship Marketing - whole relationship between suppliers and customers
Industrial Marketing - industrial goods or capital goods rather than consumer products or end
products.
18. 8P’S
Price - amount of money
Product - actual product
Promotion - getting the product known
Placement - where the product is sold
People - represent the business
Physical environment - ambiance, mood
Process - value-added services
Packaging - How the product will be protected