Principles of Marketing (16th Edition)
16th Edition
ISBN: 9780133795028
Author: Philip T. Kotler, Gary Armstrong
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 6, Problem 6.1DQ
Summary Introduction
To discuss: The way how market structure and demand differs for consumer market and business market.
The people who provide services behind the scene to the consumers are known as the business marketers. The business marketers buy the goods and services from different sectors. The people who directly sell the goods and services to the end consumers are the consumer marketers.
Expert Solution & Answer
Explanation of Solution
The way how market structure and demand differs for consumer market and business market:
The market structure and demand is different for business marketers and consumers. This is because business marketers profit oriented and they have ensured that the products are in quality for the purpose of resale to consumers. Under business market the marketers will purchase in bulk and not like the consumers who purchases only to satisfy their needs.
Bulk purchase will give the marketers more offers and discounts.
The main differences of market structure and demand in business and consumer market are as follows:
- Business market deals with fewer for larger consumers compared to consumer market.
- Geographical concentrations differs for both markets
- Business market has derived demand that is fluctuating and inelastic.
- Seller and buyer dependency
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Home Depot History of LAck of Ethical Decision Making and Social Responsibility. Actions that receive public backlash and failed to deliver to their community.
SWOT analysis for Home depot
Home depot Mission Statement and Key Leaders
Chapter 6 Solutions
Principles of Marketing (16th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Similar questions
- Home Depot History of Ethical Decision Making and Social Responsibility. Community and public accomplishment.arrow_forwardCompany: HOME DEPOT Company Name, Mission Statement, and Key Leaders -Provide the name of the company your researching, the company mission statement and the names and backgrounds of the key leaders. -Include a 2-3 paragraph response detailing your thoughts on the mission statement and the key leaders. Company History and Timeline -Design a timeline detailing the company’s history, including any relevant information on founders, major acquisitions, setbacks, and changes in company image or branding. -Include a 2-3 paragraph response detailing your thoughts on the company timeline. History of Ethical Decision Making and Social Responsibility -Research the company’s history of ethical decision making and social responsibility. What have they done to put themselves into good standing with the public and to give back to their community? -Include a 2-3 paragraph response detailing your thoughts on the company’s history of ethical decision making and social responsibility.…arrow_forwardWhat is a potential social causes, issues, or nonprofits for Apple Inc. to adopt. Choose three to four possible (social causes) and evaluate whether the alternatives fit with Apple Inc. mission, vision, and ethical framework, as well as any existing social responsibility efforts. Will selecting this cause support the responsibility owed to Apple Inc. stockholders and stakeholders? What are the chosen top three potential social causes for Apple Inc and why the selected social cause or issue is a good match with Apple Inc. for creating a corporate social responsibility (CS) campaign. How each of top three social causes do or do not meet Apples Inc. mission, vision, and ethical framework, as well as, any on-going social responsibility efforts. Why would the social cause chosen is a good fit with Apple Inc. Assess how Stockholder Theory and Stakeholder Theory impacted the final selectionarrow_forward
- Which of the following statements is true of online retailing? Question 2Select one: a. All the people visiting a typical website convert into paying customers. b. Online retailers cannot provide efficient customer service like their on-ground counterparts. c. There is a lack of security on the Web. d. Online retailing will attract less customers than on-ground retailing.arrow_forwardI need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with diagramarrow_forwardIn a table format, using the seven (7) different themes, summarise the difference betweenmodernism and post modernism.arrow_forward
- a. Using the famous economist Ronald Coase theory, describe what is meant by Reductionof Buyers Transaction costsb. By way of giving examples, the meaning of Commoditization and efficient markets.arrow_forward(a) Gaborone City Council is sitting on huge amounts of service levy arrears from the public.It is owed more than P5 million in arrears and it is looking at coming up with a number ofmethods that it can adopt in order to make it easy for the Gaborone residents to pay theiroutstanding arrears. The City Council floats an expression of interest for a consultant topresent on the available four methods of electronic payment. It requires that all those thatare extended an invitation to make a presentation, should simply the different methods bygiving examples where possible.Discuss. (b) Describe how a business can maximize revenue and not price.arrow_forward(a) You have just been appointed to the role of Strategy management and you are tasked to lead the Government parastatal BOFINET to greater levels (using electronic commerce) by assessing the current technologies that Botswana as a country has already invested in. It is obvious that electronic commerce is built on top of a number of different technologies that create a layered, integrated infrastructure that permits the development and deployment of electronic commerce applications. The fact of the matter is that each layer is founded on the layer below it and cannot function without it. To be specific these layers are five (5) in number and they are: National information infrastructure; Message distribution infrastructure; Electronic publishing infrastructure; Business service infrastructure; and finally, Electronic commerce applications. You are expected to describe to the rest of management what these five layers mean, and considering how they depend on each other. (15 marks) i.…arrow_forward
- Covid 19 disease outbreak was indeed a global disaster. This pandemic forced for a changein consumer behavior in almost all the market sectors. The Botswana local restaurant brand‘The Braai Place’ had just hit the market to compete with the established internationalbrands like Nandos and others when this disease outbreak hit the world by storm. As aresult, consumers were forced to stop from going out to the restaurant but had to rely moreon placing their food orders online and they be delivered by the restaurant to the customers,homes. Something that seriously came as a challenge to the local brand that was justgaining its momentum. It had to re-strategize and employ new ways of adapting to thiscompelling situation where customers orders were now only received, paid for andprepared through an online system. An urgent need for a revamped website, orderapplication system as well as a secure online payment method was what they needed sinceall the competitors had also responded to such new…arrow_forwardBy way of giving examples ,define dedifferentiationarrow_forwardTrue or false Another name for PDF is Adobes portable document formatarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
