final exam Flashcards
Benefits of International Marketing
- Competition within the national market is becoming too intense
- Sales and profits are declining in national markets
- International markets offer the opportunity to increase the product lifecycle for products with a lifecycle coming to an end in the national market (introduction, growth, maturity, decline)
- Overseas market contains similar market segments
Technologies driving the 4th Industrial Revolution
- Blockchain
- Internet of Things
- Artificial Intelligence
- 3D Printing
- Virtual Reality
- Augmented Reality
Noncustomers
1st = Soon-to-be
2nd = Refusing
3rd = Unexplored
Advantages of Digital Marketing
- Flexibility
- Affordable costs
- Specific segmentation
- Measurement
creation of email marketing
- Find an eye-catching title
- Less is more
- Put the logo at the beginning
- Call to action (CTA)
- Social media buttons
- Data in the footer
- Unsubscribe button
Main Digital Marketing Trends
- Growth of ephemeral content (snapchat)
- Voice search SEO (amazon Alexa)
- Organic read is dead (segmented ads)
- E-commerce boom (Instagram shops)
- Mobile is the priority
5 keys to successful content marketing
- Understand your audience
- Keyword research (integrate them in blogs and content published)
- Identity effective content (format, what kind of content)
- Develop your brand’s voice
- Stay consistent
types of stories
- Educational
- Capitalizing on the News of the Day
- Client Stories
- Personal Stories
What are Neuromarketing’s methods?
- Sensory marketing
- Eye tracking
- FMRI
- EEG
- Facial coding
Bartle’s types of players in a game
Achiever
Explorator
Socializer
Killer
Gamification’s core drives
- Epic calling
- Development
- Empowerment
- Ownership
- Social influence
- Scarcity
- Unpredictability
- Loss & avoidance
Buyer Decision Process
- Problem recognition
- Information research
- Evaluation of alternatives
- Purchase decision
- Post-purchase evaluation
Adopter Categories
- Innovators
- Early adaptors
- Early majority
- Late majority
- Laggards
Maslow’s Hierarchy of Needs
Physiological
Security
Love and belonging
Esteem
Self-actualization
Consumer Behavior Trends for 2023
- less is more
- mindful
- champion consumer
- self sufficient
- i want it now
Types of Diversity Marketing
Gender
Disability
Culture
Racial
Age
Sexual
Environmental factors include
Music
Lighting
Smell
Organization
Innovation