Finals Flashcards
It is the process of planning for pricing, promotion and distribution of a product or service that will reach and satisfy customers and encourage them to return again to purchase that product or service in the future
Marketing
Marketing is the process of planning for ______ _____ _______ of a product or service that will reach and satisfy customers and encourage them to return again to purchase that product or service in the future.
pricing, promotion and distribution
This is a process that consists of analyzing market opportunities, researching selecting target market, developing marketing strategies, planning marketing tactics, and implementing and controlling market effort.
Marketing Management
This is a process that consists of analyzing _____ ______, researching selecting _____ _____, developing ______ _____, planning ______ ______, and implementation and controlling _____ ____.
market opportunities, target market, marketing strategies, marketing tactics, market effort
It impinges on the marketing management’s ability to develop and maintain successful transactions with its target customers’ behavior.
marketing environment; actors and
factors external to the marketing management
A company’s marketing environment
- Microenvironment
- Macroenvironment
immediate environment
Microenvironment
large societal forces
Macroenvironment
Microenvironment
a. Organization
b. Suppliers
c. Customers
d. Competitors
e. Public
Macroenvironment
a. Demographic
b. Economic
c. Physical
d. Technological
e. Political/Legal
f. Social/Cultural
Marketers market ten (10) main types of entities:
goods, services, events, experiences, persons, places, properties, organizations, information, and ideas.
G, S, Ex, Ev, Pl, Pe, Pr, O, In, I
physical items that can be seen, touched, owned, and used in some physical manner
Goods
It includes the work of airlines, hotels, car rental firms, barbers and beauticians, maintenance and repair people, and accountants, bankers, lawyers, engineers, doctors, software programmers, and management consultants.
Services
promote time-based events, such as major trade shows, artistic performances, and company anniversaries.
Events
Global sporting events such as the ____ and the ___ ____ are promoted aggressively to both companies
and fans.
World Cup, Olympics
By orchestrating several services and goods, a firm can create, stage, and market experiences. Walt Disney World’s Magic Kingdom allows customers to visit a fairy kingdom, a pirate ship, or a haunted house.
Experiences
Each person can become a brand with the help of a celebrity marketer. Artists (musicians, actors, directors and so on) are those who come first in people’s mind when they think about marketing a person.
Persons
To attract tourists or companies to a certain place, people use _____ _____ to communicate its value.
marketing techniques
Promotional tagline of the Philippines
Love the Philippines
Promotional tagline of Vietnam
Timeless Charm
Promotional tagline of Thailand
Amazing Thailand
Promotional tagline of Malaysia
Truly Asia
Promotional tagline of Singapore
Passion Made Possible
Promotional tagline of Laos
Simply Beautiful
Promotional tagline of Brunei
The great Heart of Borneo, The Kingdom of Unexpected Treasures
Promotional tagline of Cambodia
Kingdom of Wonder
Promotional tagline of Indonesia
Wonderful Indonesia
The intangible rights of ownership to either real property (real estate) or financial property (stocks and bonds). They are bought and sold, and these exchanges require marketing.
Propertise
Real estate
Real Property
stocks and bonds
financial property
They work to build a strong, favorable, and unique image in the minds of their target publics.
Organizations
Universities, museums, performing arts organizations, corporations, and nonprofits all use marketing to boost their public images and compete for audiences and funds.
Organizations
It is essentially what books, schools, and universities produce, market, and distribute
at a price to parents, students, and communities.
Information
The ____, ___, and ______ of information are major industries.
production, packaging, and distribution
Every market offering includes a basic ___. Products and services are platforms for delivering some _____ or ___.
idea, idea or benefit
RESEARCHING AND SELECTING TARGET MARKETS
A. Competition
B. Location
C. Target Customers
D. Selling Price
E. Promotional Strategies
F. Marketing Budget
Compare own product with competitor’s products in terms of location, quality, price, convenience, and service
Competition
This pertains to the place or channels of distribution where product/s will be distributed/offered to the target customers. Consider factors such as accessibility and/or availability of transportation, communication,
infrastructure facilities.
Location
To whom the business sells its
products?
Target customers
How much will you charge for your product
or service? How did you arrive at your price?
Selling Price
It is necessary to entice and convince buyers to purchase your product and not your
competitors.
Promotional Strategies
Promotional Strategies is divided into:
advertising,
sales promotion
publicity
personal selling
direct marketing.
It includes the marketing cost such as promotion, distribution, salaries of your sales force, and delivery cost if any.
Marketing Budget
THE FILIPINO MARKET PERSONAL TRAITS
Hiya
Amor Propio
Utang na Loob
Pakikisama
Bahala Na
Filipino Yes
- It is ____ that makes the Filipino eat little during parties; that influences him to buy from neighbor; that impels him not to contest or question; or not to raise his hand in the classroom.
hiya
It is self –esteem. To say that one cannot afford a merchandise is an insult to the Filipino amor propio. He feels embarrassed and slighted
Amor Propio
This loosely means debt of gratitude or
debt of honor.
Utang na Loob
It may mean anything from cooperation to
camaradie. The barkada is a manifestation of this trait
Pakikisama
loosely, it means fatalism.Let destiny take its
course.This trait is seen as the raison d’etre’ for the popularity of installment buying
Bahala Na
Jocano, in Filipino Social Structure and Value System list seven occasion when Filipino say “yes.
Filipino Yes
BUYING AND SELLING HABITS:
Suki habit
Hingi at dagdag habit
Buena mano habit
Tumpok-tumpok habit
Hulugan o Paiyakan habit
Kantahan habit
Bulungan habit
Tawad habit
Lako habit
Pakyaw
patronizing one store
Suki habit
asking for extra aside from what
one has bought
Hingi at dagdag habit
Spanish phrase that literally means
“good hand”; means the first sale of the day
Buena mano habit
to group what one has to sell
Tumpok-tumpok habit
buying on installment basis and collecting the amount every payday
Hulugan o Paiyakan habit
Singing is used in selling
Kantahan habit