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MASS MARKETING
What is meant by mass
marketing?
Mass marketing. Mass marketing is a market
strategy in which a firm decides to ignore
market segment differences and appeal the
whole market with one offer or one strategy,
which supports the idea of broadcasting a
message that will reach the largest number of
people possible. Traditionally mass marketing
has focused on radio.
Mass Marketing Features
Customers form the majority in the
market
Customers needs and wants are
more “general” & less “specific”
Associated with higher production
output and capacity.
Mass Marketing Advantages
The market size is large, and its growth
prospects are also high as it comprises a large
portion of the population.
Companies also benefit from cost-efficiency
through higher economies of scale, whether
in production, marketing, promotion, or
other business functions.
Mass Marketing Disadvantages
The profit margin per unit is low
due to low prices, so companies rely
on volume to improve total profits.
Low product variety because the
product is standardized and
relatively uniform.
Examples of mass marketing include:
Automobiles
Dish Soap
Toothpaste
Coca-Cola
Mass Market Retailers (Walmart,
Target, Best Buy, etc.)
Khushi
Trade-Marketing Executive
Unit-2

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MASS MARKETING.pptx

  • 2. What is meant by mass marketing? Mass marketing. Mass marketing is a market strategy in which a firm decides to ignore market segment differences and appeal the whole market with one offer or one strategy, which supports the idea of broadcasting a message that will reach the largest number of people possible. Traditionally mass marketing has focused on radio.
  • 3.
  • 4. Mass Marketing Features Customers form the majority in the market Customers needs and wants are more “general” & less “specific” Associated with higher production output and capacity.
  • 5. Mass Marketing Advantages The market size is large, and its growth prospects are also high as it comprises a large portion of the population. Companies also benefit from cost-efficiency through higher economies of scale, whether in production, marketing, promotion, or other business functions.
  • 6. Mass Marketing Disadvantages The profit margin per unit is low due to low prices, so companies rely on volume to improve total profits. Low product variety because the product is standardized and relatively uniform.
  • 7. Examples of mass marketing include: Automobiles Dish Soap Toothpaste Coca-Cola Mass Market Retailers (Walmart, Target, Best Buy, etc.)