MARKETING:REAL PEOPLE,REAL CHOICES
MARKETING:REAL PEOPLE,REAL CHOICES
10th Edition
ISBN: 9780135199893
Author: Solomon
Publisher: RENT PEARS
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Chapter 14, Problem 1QA
Summary Introduction

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.

Expert Solution & Answer
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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.

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I need help with completing the following  Been tasked with working as part of a marketing team to perform a 4P analysis to present to your leadership. You will first share the information with the team for feedback and consensus. Marketing Plan Proposal Product Strategy How can I decribe the product or service. Justifing the need for the product or service. Pricing Strategy How can I Explain the cost of the product or service. Placement Strategy How can I Describe the delivery method of the product or service. Promotion Strategy What Propose a process to promote your product or service within the community.
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