Describe major categories of business customers?

Q: Discuss the need to understand competitors aswell as customers through competitor analysis

A: We all know that organizations have only two main clients, one is the competitors and the second one…

Q: What is a marketing channal system and value network?

A: Marketing activities are carried out by the marketing department of an organization. It is designed…

Q: What is Customer Lifetime Value? Why is it important?

A: Customer lifetime value refers to the net worth of business done with a customer throughout their…

Q: Compare and contrast consumer market segmentation and business market segmentation.

A: The process of dividing the potential buyers of a product into different categories on the basis of…

Q: Describe how today’s customer relationship era differs from prior eras.

A: Consumer is the person who buys products or services from a seller to get maximum satisfaction in…

Q: What is the concept of customer insights and the role it plays in making good marketing decisions.

A: We can say that where consumer insights help analyze the competition where you are the market leader…

Q: Explain the different stages of marketing process needed to create value for customers?

A: The marketing process is the process in which company plant their growth accordingly and work to…

Q: What is market sagmentation and benefits?

A: Segmentation is the process of splitting your targeted market into groups that may be reached.…

Q: Discuss the activities that takes place in Business Markets and the processes associated with…

A: Business markets are very different from consumer markets, not only in terms of the products and…

Q: why is the customer a cornerstone of marketing

A: Market revolves around helping organizations understand, reach, and deliver value to their customer.…

Q: Name the three social factors affecting customer buying decision and explain how each of these…

A: The consumer buying decisions goes through various phases and certain factors that affect the…

Q: Explain the term Customer loyalty?

A: Customer service should be provided to the customers before, during, and after the purchase. Many…

Q: List Major Categories of Business Customers?

A: The business has involved the activities related to the production, sale, and purchase or…

Q: What are the current needs of each target market? Describe the target market in terms of…

A: When а соmраny wаnts tо sell its рrоduсts аnd serviсes tо а роtentiаl grоuр оf сustоmers, this grоuр…

Q: explain the process of managing unhappy customers ?

A: Customers play an important role in organizational growth and success. Customers get angry for…

Q: List several characteristics that differentiate transac-tions involving business customers from…

A: Characteristic Business Transaction Consumer Transaction Revenue per customer High Low…

Q: Describe the bases commonly used to segment consumer markets?

A: Market Segmentation is to split up the market into groups of similar and different characteristics.…

Q: market segmentation

A: Market segmentation can refer to the process of dividing a heterogeneous market into relatively more…

Q: Differentiate between Markets and Market Segments?

A: Marketing is the activity which helps the company to create exchange with the customers. The company…

Q: Define customer value ?

A: In today's competitive business environment it is essential for all business organizations to…

Q: List and explain the basis for segmenting a consumer market and business market ?

A: Market segmentation refers to the process of dividing the target market into small and more defined…

Q: Define the term Concentration of Customers?

A: Reducing client concentration is another strategy to raise your company's value before a deal. You…

Q: Explain the Buying Situations. Give practical example for each.

A: There are three types of buying situation Straight Rebuy, Modified Rebuy and New Task

Q: Describe the elements of a customer value-driven marketing strategy and mix and the forces that…

A: Customer-driven marketing methodology is publicizing to distinguished objective markets and…

Q: Describe individual influences on consumer buying decisions?

A: Consumer buying decisions determine the perception of consumers towards the product or service and…

Q: What are the strategies of target marketing

A: Target marketing is the group of consumers that a company wants to target or a group of customers…

Q: Explain the term customer lifetime value?

A: Customers are those individuals or businesses who purchase goods or services from another…

Q: Describe Continuum of Consumer Buying Decisions?

A: There are different organizations and industries that are active these days. There are different…

Q: How or what  is the approach in marketing to the individual customer?

A: Consumers have learned to anticipate a certain amount of customization when dealing with a company…

Q: Describe how todays customer relationship era differs from prior eras.

A: Customers are people who will make the purchase from the company for their personal use. They will…

Q: what are the importance of understanding the marketplace and customers, and identify the five core…

A: Marketing deals with discovering the consumer needs and selling products that fulfill those needs in…

Q: Identify the four major categories of business market customers?

A: When it comes to marketing, there is one aspect every business should be aware of: not all consumers…

Q: What buying factors are most likely affecting consumers

A: A consumer is one who intends to uses purchased products or services primarily for personal, social,…

Q: Describe the Target Market?

A: A target market is the total group of people that a business is trying to reach through its…

Q: Characteristics of electronic marketing?

A: E-marketing is the practice of promoting a service, product, business, or brand online. E-marketing…

Q: riefly explain why marketers keen to maximise customers' lifetime value?

A: Marketing is to build customers. It influencers customers to understand their needs and seek a…

Q: Give an example of needs of customers

A: The most essential element of the business is customer for whom businesses takes up all the…

Q: Describe Business Buying Behavior?

A: Business buyer behaviour refers to the intentions and actions businesses and workers display when…

Q: Who do businesses segment their customer based on more than one base? give at least 2 reasons

A: It refers to evaluating the right buyers of the products and services offered by the brand in the…

Q: Customer satisfaction and experience underlie the marketing concept. But how much is a satisfied…

A: Factors and ways to influence consumer satisfaction are as follows: Utility Level: When a consumer…

Q: What are the primary concerns of business customers?

A: In every business, customers are considered the chief because they help to generate revenue. In…