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d. The use of a service is inherently subjective, i.e. if many people are experiencing services then each of them will
experience it uniquely.
What are the current approaches used for marketing?
Current approaches used for marketing can be categorized in four categories:
a. Relationship marketing: This approach basically deals with customer satisfaction. The whole emphasis is done on the
relationship between the suppliers and customers.
b. Business Marketing: It does not focus on consumer products rather it focuses on industrial goods. All sort of
marketing techniques are like promotion, advertising, etc are used.
c. Social marketing: It focuses on marketing a product socially i.e. online.
What is an International marketing plan?
a. It involves the organization in making more than one marketing decisions across the nations.
b. There are many reasons to enter an international market led by large market size and diversification.
c. There are also several reasons to avoid entering international markets, including too much red tape, trade barriers,
and transportation difficulties.
d. The stages of going international are as follows: exporting, licensing, joint ventures, direct investment, U.s.
commercial centers, trade intermediaries, and alliances.
What is marketing communication?
Marketing communication can be defined as the efforts made by the seller to convey his message to his buyers and to
accept it in retrievable form. The main point of communication process is persuasion. It is totally goal oriented. It is not a
haphazard activity. Each of its tools consists of specific complexities and potentialities that justify managerial
specialization.
What are the various types of marketing research?
Various types of marketing research are:
a. Field research: It is related to the research for a specific purpose.
b. Desk research: Usually it is conducted for one purpose initially but gradually it is used to support another goal.
c. Exploratory research: It investigates an assumption..
d. Predictive research: This type of research is done to predict any future occurrence.
e. Conclusive research: This type of research is done to derive a conclusion of a research process.
What is real-time marketing? How it became important?
Real time marketing can be defined as marketing done to a customer in a particular time and place. It is the kind of
marketing which seeks the most appropriate offer for a particular customer. Real-time marketing is the outcome of
customer relationship management (CRM) solutions in major companies. Over time Real-time marketing became a big
solution for vendors and maturing customers. Vendors found themselves re-branding real-time marketing products to
suggest a more holistic appreciation of enterprise interaction decision management.
What is interruption marketing?
Interruption marketing can be defined as promoting a product by the means of advertising, public relation and sales. It is
not suitable every time and depends upon company to company. It is very much sales directed, so if a company has
limited funds to invest for advertising and wants quick results then interruption marketing is best. But at times it is not
considered a fruitful way of marketing.
What is the difference between Interruption marketing and permission marketing?
There is a vast difference between permission marketing and interruption marketing. Permission marketing is getting
found by the customers by itself by the means of SEO, social media and content. It basically focuses on maintaining long
term relationship with the customers which is always helpful in long run whereas Interruption marketing focuses on
getting quick sales without any thought of long term relationship with customers. It just targets on promoting the
product by the means of advertising, promotion etc. to get quick results.
Explain diversity marketing.
This type of marketing focuses on creating effective communication methods and mixing with each of the diverse
groups active in the market. Because different consumer groups have experiences in different cultural and social
settings, therefore diversity marketing recognizes the importance of cultural programming and acknowledges the
consumers accordingly. Different cultural programming, the tastes, values, expectations, beliefs, ways of interaction,
ways of entertainment and lifestyle preferences of these groups tend to be different from others so these differences
require the creation of customized marketing strategies.
What is ethical marketing? Explain in brief.
Considering marketing ethics in the process of marketing is called ethical marketing. Briefly, if we explain it is the
philosophical examination, from a moral standpoint, of particular marketing issues that are matters of moral judgment.
It results into business community which is much more responsible socially and culturally. Its existence is very much
beneficial to the society also. It should be the part of business ethics because it plays a very significant part in any
business model. It gives those benefits to its customers which other companies does not even recognize.
What is segmented market?
Segmenting market is to segment the customer and organizations so that each segment needs can be recognized and
fulfilled properly. The advantage is that there is no need of selling the product to all the segments of market in fact a
particular segment can be targeted according to their requirements. Market segmentation is done in two steps:
a. First step is to identify and classify people into homogeneous groupings which are called segments.
b. Second step is finding out which of these segments are target markets.
e. Manufacturing planning
f. Marketing planning
g. Test marketing
h. Commercialization
What is false advertising?
False advertising is using false statements to promote products and increase profit lines for a company or a brand. Such
advertisements use deception to persuade people. Such advertisements completely deny the right to know for
consumers and are banned in many countries. Still they have been a trend by finding legal ways to deceive people.