
Concept explainers
Interpretation:The meaning of buzz and ways to practice buzz building by marketers.
Concept Introduction:Buzz refers to the word-of-mouth communication between consumers that is viewed as authentic.

Explanation of Solution
People share their opinions with friends and acquaintances about various products and services. Consumers use these opinions or "buzz" in order to make their purchase decisions.
Marketers view buzz as a way of getting consumers to help their marketing efforts. It is therefore important to create buzz that works for the company and not against it. Companies spend millions of dollars to create a positive buzz around their products. According to JWT Worldwide, more than 85% of the top thousand marketing firms use word-of-mouth tactics. Although the concept of buzz is not new, technology can magnify its effect. Social media is a way to reach consumers for creating a buzz. The buzz that comes from purposeful buzz marketing campaigns is called amplified word-of-mouth. The buzz that occurs naturally is called organic word-of-mouth. Companies use both of these in buzz building.
Want to see more full solutions like this?
Chapter 14 Solutions
Marketing: Real People, Real Choices (9th Edition)
- I am the owner of a small to mid-sized business. I am currently developing our marketing plan for the upcoming year. The marketing plan will include both the tactical and strategic plan elements. I will also discuss the implementation and evaluation of the strategic marketing plan. Summarize details about the firm and/or product line. Assess which of Michael Porter's basic strategies we will use to market this product and why. consumers have different product needs and use products differently. Segmentation seeks to group different demands and needs into clusters with similar demand patterns. Using the dimensions of market segmentation, determine and defend which markets we will target with our marketing plan. Outline your target market in detail. Justify the stages in the consumer decision making process for the selected product or service. where improvements should be made to the product or service line. Discuss the improvements and the estimated cost in developing and launching…arrow_forwardApply the buying center concept to a firm, a nonprofit organization, or a government agency to work for, for the purchase of new laptop computers for their employees. Begin by briefly summarizing the selected organization. What is it? What does it do? List the different roles in a buying center and analyze who (from the selected firm, nonprofit organization, or government agency) would occupy the different roles of the buying center. Justify the reason for selecting these job titles or departments for the various roles in the buying center. Which members of the buying center should the salesperson focus on when selling to the firm? Why? Explain how the buying process differs between organizations and consumers as it would be applied to the organization that has been selectedarrow_forwardFor the last twenty years, there is a firm that has been producing a simple health drink called NutriA. It is aimed at health-conscious adults aged between twenty-one and forty-four years. NutriA is in the mature stage of the category's life cycle; as a result, industry sales are flat. My marketing manager decides that it is time to expand the depth of the product line and increase market share. He wants me to come up with a new health drink aimed at a younger market, the fifteen- to twenty-one-year-olds. that addresses the following: Describe the new product. Would we keep that same brand name or use a new one? Why? Would it be similar to or different from the existing drink? Why? If it would be different, explain how.arrow_forward
- Differentiate between the following: (a). Information systems literacy and computer literacy (b). Internet application of “Business-to-Business” and “Business-to-Consumer”(c). “Telecommunication processor” and “Telecommunication channel”.arrow_forwardLook for NIKE in Social Media platform of your choice. Discuss how NIKE are doing with communicating to their customers. What would be some changes that you would add to their social media page? Take a screenshot of their social media page and include it in your response.arrow_forwardCreate a new product about GreenPower Solar Power Bank Portable Charger. Introduce this product to an audience.arrow_forward
- MARKETING STRATEGY FOR GreenPower Solar Power Bank Portable charger Target Market Strategy Who is your target market? What segmentation is present for your specific market? What are the geographic, sociodemographic, and behavioral characteristics? What are the evolving needs and satisfactions being sought by your target markets? Does your organization try to direct its products only to specific groups of people or to everybody? What are the major objections given by potential customers as to why they do not buy your organizations products? Should your organization seek to expand, contract, or change the emphasis of its selected target markets? If so, in which target marketsarrow_forwardMARKET OBJECTIVES OF GREENPOWER SOLAR POWER BANK PORTSBLE CHARGER What are the stated marketing objectives of your organization? Are objectives based on sales, profits, or customers? How will you measure your objectives? Is your organizations main objective to maximize customer satisfaction or to get as many customers as possible?arrow_forwardBrief description about GreenPower Solar Power Bank charger.arrow_forward
- LOGO for GreenPower Solar Power Bank?arrow_forwardBUSINESS MISSION OF GREENPOWER SOLAR POWER BANK PORTABLE CHARGER What is the mission of the firm? What business are you in? What are some of your organization roles? How does your firm define its business in terms of benefits to what your customers want?arrow_forwardSWOT Analysis for GreenPower Solar Power Bank?arrow_forward
- MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
- Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning


