Consumers today are becoming increasingly aware of the impact of their consumption on the environment. That is why a growing number of them are looking for not only for quality …
Marketing
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Organizations differ from consumers in terms of their buying behavior. Purchase decisions in most firms follow a specific process, which is more or less standardized and formalized, in contrast to …
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Market SegmentationMarketing Basics
The STP-Model – Segmentation, Targeting, Positioning done right
by MaxThe STP model is a central concept in marketing that is absolute key to serving a market successfully. STP refers to three activities: segmentation, targeting, and positioning. Marketers segment markets …
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Marketing Basics
Marketing Considerations for Developing Markets – Doing Business in Emerging Economies
by MaxThanks to technology advancement and globalisation, companies are enabled to expand their businesses to international markets. Going global with your business gives access to increased sales and profits. The expansion …
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Marketing Basics
Cultural Differences in Marketing – What Businesses need to consider in international Markets
by MaxInternational marketing is a strategic decision that involves developing a marketing mix strategy based on the characteristics of a potential foreign market. In simpler terms, it is how organizations should …
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While marketing literature is largely concerned with optimal marketing techniques and strategies to maximize customer value and capture value in return, little focus is on potential shifts in marketing ahead. …
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Marketing BasicsProduct Marketing
Most Important Consumer Product Characteristics – What defines a Consumer Product?
by MaxIn order to provide value to consumers, it is important to first understand the key consumer product characteristics. What defines a consumer product?
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What is going on in consumers’ minds, individually, when they decide whether or not to buy—or, in the case of a not-for-profit consumer, acquire—a particular offering? In this article, we …
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According to the National Center for Charitable Statistics (NCCS), more than 1.5 million nonprofit organizations are registered in the United States alone. Their increasing importance and role in international markets …
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Marketing BasicsProduct Marketing
Products as a Bundle of Benefits – Products from the viewpoint of Customers
by MaxIn marketing, you often find the presentation of products as a bundle of benefits that the consumer obtains. What does this concept exactly mean and how can features be converted …