The marketing strategies for service firms The service marketing mix is also known as an extended marketing mix and is an integral part of a service blueprint design. The service marketing…
Difference between market and marketing A market is any space within which trade takes place between buyers and sellers for a well-defined product. This space can be a produce market,…
Core Concepts of Marketing A core concept is one which has a very clear-cut, definite, widely acceptable, relevant, and verifiable to understand the very process of marketing that directs…
What are the core functions of marketing? The core functions of marketing are: Marketing Information Management Managing marketing information helps you understand your customers’ needs. You can gather information by reviewing published…
Relationship between customer value, satisfaction and quality Customer Value, Satisfaction, and Quality: Customer Value: The difference between the values the customer gains from owning and using a product and the costs of…
Elements of Marketing Environment Marketing Environment is the combination of external and internal factors and forces that affect the company’s ability to establish a relationship and serve its customers.…
How environmental factors affecting consumer decision process? Environmental factors also play an important role in consumers’ decision process. Those factors are as follows: Social factors: Consumer’s wants, learning, motives etc. are influenced…
What is Marketing Environment? The marketing environment represents a mix of the internal and external forces which surround an organization and have an impact on it, especially their ability…
Demographic, Technological and Economic affect in Environments Marketing Demography is the study of the characteristics of human populations. Today’s demographic environment shows a changing age structure, shifting family profiles, geographic population shifts, a…
Importance of Marketing Environment Marketing has acquired an important place for the economic development of the whole country. It has also become a necessity for attaining the object of…