consumers are motivated by abstract and idealized criteria is what?

Q: Can you distinguish among needs, wants, demand ?

A: One of the most basic concepts of marketing is the human need for any product. In other words it can…

Q: How can marketers use interactive and social marketing toconvert needs to wants and ultimately build…

A: When a customer can identify the product or service that he/she covet to buy from online platforms…

Q: Based on material self, what is the difference between need and wants? Give example

A: The idea of need and desires is expounded to a personality's being. Therefore, desires square…

Q: In what ways is the company Target addressing the needs and wants of its target consumers? please no…

A: Target Corporation -  It is the 2nd largest discount retailer and mass merchandiser in the USA.…

Q: What is involved in the conditions analysis phaseof market analysis in Figure 1–1?

A: Marketing Analysis consist of Company, Competitors, Conditions and Consumers.

Q: How ‘needs’ and ‘wants’ are different from one another from marketing perspective? Explain your…

A: Needs and wants are the two most studied terms in both Economics and Marketing because both these…

Q: Discuss the statement “Marketers don’t create needs; need preexist marketers.” Can marketing effort…

A: A marketer can be defined as a person who is made responsible to undertake all the activities…

Q: Consumers have both innate and acquired needs. Explain these two needs and give examples ?

A: Consumers are the king of the market. Consumers decide the future of the product / service in the…

Q: What is Market-Value Analysis?

A: Market value refers to the price that any asset would fetch from the market or the value that is…

Q: Can our product satisfy different needs or motives in different people? What needs are involved?…

A: Motivation is an internal urge or pushes to behave in order to meet a need. A goal-oriented person…

Q: Why is consumer’s mind considered as black box when marketing companies study consumers decision…

A: Taste and preferences of customers are entirely different from each other. Technological advancement…

Q: How do marketers identify key characteristics that are important to a target market?

A: Target marketing includes narrowing down possible clients of the items or administrations by…

Q: Explain the term Market targeting?

A: Market is a place where two parties usually buyers and sellers are involved to facilitate the…

Q: How do Maslow’s Hierarchy of Needs affect the ways companies market to consumers?

A: Ans. Introduction Effective marketing convinces a planned client to buy the item or administration…

Q: Explain the differecences of NEED, WANT AND DEMAND in regards to consumer behaviour. Provide an…

A: In the marketing organization, there are products and commodities actually marketed to the customers…

Q: Is it wrong for marketers to create wants where none exist in the marketplace in order to make…

A: Business People want profit out of their business. The major objective of any business is to earn…

Q: If you are marketing to Performance customers, which criteria are most important to them in order of…

A: Marketing to Performance customers requires a clear understanding of their needs and priorities.…

Q: What types of situational considerations affect the purchasing behaviour of consumers?

A: Situational influences are temporary circumstances that influence how buyers behave whether they buy…

Q: What is Consumer Decision Making? Explain with an example?

A: The consumer decision-making process consists of five steps: need identification, information…

Q: What criteria do consumers use to determine that some products and services are relevant to others?

A: Consumer behavior is a study of how and why people make the purchases they do, as well as the…

Q: What is involved in the conditions analysis phaseof market analysis in Figure 1–1?

A: Business surroundings refers to the external forces or factors that square measure dynamic in nature…

Q: Develop an argument for why a cosmetics manufacturer should build and maintain an ethical climate.

A: Cosmetic makers are in the business of making the customers look good and feel better about…

Q: How can Marketing managers create wants on the part of the consumer? Explain with an example?

A: Marketing managers need various types of information for taking effective decisions for the firm.…

Purchase Process

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, product pricing, consumer necessity, and other variables are various parts of the process.