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Question # 01: Give example of needs, wants and demands that Build-A-Bear
customers demonstrate, differentiating each of these three concepts. What are
the implications of each on Build-A-Bear’s action?
Needs: Needs are states of felt deprivation. They include basic physical needs for
food, clothing warmth, and safety. Social needs for belonging and affection and
individual needs for knowledge and self-expression. These needs were not created
by marketers; they have basic part of the human makeup. Build-A-Bear customers
are children and children have a need of entertainment, belongingness and
affection. To fulfill these needs children need an activity or a toy to play with to
fulfill their needs.
Wants: Wants are the form needs take as shaped by culture and individual
personality. A Pakistani needs food but want dinner with traditional food at a
restaurant. An American needs food but want a Big Mac with French fries and soft
drink. In this case children want a place where they can get a toy of their own
choice where they have freedom to make a toy like bear of their own choice by
choosing, stuffing, stitching, and naming the toy (bear).
Demands: Wants backed by buying power become demands. Given their wants
and resources, people demand products with benefits that add up to the most value
and satisfaction. Build-A-Bear is offering different type of bears with difference of
accessories and customs and price starts from $10 and end up on $25. The more
the customer demands the experience of making a bear with his/her choice the
price increases.
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Question # 02: In detail describe all the facets of Build-A-Bear product. What
is being exchanged in Build-A-Bear transaction?
5. At “Fluff Me”, child gave blow dry spa treatment in order to check the bear
is well groomed.
7. At “Name Me”, child gave a name for bear and got a birth certificate along
with the bear.
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stores in the week and stand with children and talk to their parents about the
product and their experience.
Owner Maxine Clark gave her email address to lot of children to keep in touch
regarding Build-A-Bear. As a result she receives thousands of e-mails each week
and she added to the buddy lists of preteens all over the world. Clark has also
made a Virtual Cub Advisory Council, where children communicate with her and
gave suggestions and new ideas to improve Build-A-Bear.
Question # 04: Discuss in detail the value that Build-A-Bear creates for its
customers.
Owner Maxine Clark gave her email address to lot of children to keep in touch
regarding Build-A-Bear. As a result she receives thousands of e-mails and new
ideas each week and she added to the buddy lists of preteens all over the world.
Clark has also made a Virtual Cub Advisory Council, where children
communicate with her and gave suggestions and new ideas to improve Build-A-
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Bear. I think it is another way used by owner to give value to its customers and
there suggestions.
Yes because Clark’s personal interaction with customers and utilization of both
high and low tech communication. Clark put herself in the customer’s shoes, she
walks where they walk, she visit two or three stores every week and chat with
customers. She allows customers to communicate with her by chatting via
Blackberry and they can propose new ideas. As long as Clark fulfills customer’s
needs and wants, the company will continue to be succes sful.