MarketingMarket Positioning Market Positioning is an effort to influence consumer perception of a brand or product relative to the perception of competing brands or products. It is…
MarketingHow can a company differentiate its market offerings? Differentiation allows you to provide superior value to customers at an affordable price, creating a win-win scenario that can boost the overall profitability and viability…
MarketingWhat is Customer Value and how can Companies Deliver it? The only value a company builds is consumer value. The consumer is the heart of any business. Very often, managers conduct a customer value analysis…
MarketingConsumer Decision Making Process When making a purchase, the buyer goes through a decision process consisting of five stages: need recognition, information search, evaluation of alternatives, purchase decision, and…
MarketingMacro Environmental Factors that Affecting Ability to Serve Customers A company’s marketing environment consists of the actors and forces outside marketing that affect marketing management’s ability to develop and maintain successful transactions with its…
MarketingMicro Environmental Factors that Affecting Ability to Serve Customers The marketing environment is made up of a microenvironment and macro environment. The microenvironment consists of forces close to the company that affects its ability…
MarketingCharacteristics of Good Marketing Research Marketing research is one of the significant functions of marketing management. It is also one of the mechanisms of MIS (Management Information System). The system…
MarketingMajor techniques of Demand and Sales Forecasting Forecasting demand for a product is a form of sales prediction. The forecast is becoming a sign of survival and the language of business. The…
MarketingWays of Measuring Current Market Demand A Very simple explanation of market demand is that it is the number of units demanded by the total number of customers in the market.…
MarketingHow can companies accurately measure and forecast market demand? Understanding the marketing environment and conducting marketing research can help to identify marketing opportunities. The company must then measure and forecast the size, growth, and…