
25 May, 2021

Difference between Need, Want & Demand
The main idea of marketing is need, Want and
demand. Although interrelated, there are several gaps between them. The
following is the gap between demand, shortage and demand -
1. Definition:
Needs are states of felt deprivation
Wants are the form human needs take as shaped by
culture and individual
Demands are human wants that are backed by buying
power.
2....
28 April, 2020

Marketing is a common and executive course whereby persons and groups gain what they must desire during create and exchange goods and assessment by way of others.
1) Need, wants and demands:
Needs: Person needs are states of felt scarcity. Human needs are many ways.
Social needs,
physical needs,
personal needs.
Wants: Wants are the type being needs attainas formed by society and being role. Wants...
10 November, 2019

Marketing is a total system of business activities designed to plan,price,promote and distribute want satisfying products to target markets to achieve organizational objectives. Impotence characteristics of Marketing is below :
1. Social Process :
By marketing, people's social needs are met. For this reason, the importance of consumer satisfaction and the welfare of the people of society is given the highest...
21 February, 2019

Artificial intelligence (AI) and chatbots rank among the top 10 trends in digital marketing this year, said an industry expert, noting that the trends will help one be ready for challenges awaiting one’s business in 2019.
1. Artificial Intelligence:
With everybody talking about AI, don’t be afraid AI will take over the world. But for sure it may have significant impact on your business sooner or later. Mechanisms...
28 December, 2017

What Is Your Digital Marketing Strategy for 2018
Make no mistake; in the modern business world, a huge portion of your marketing is going to be digital.
Consumers are flocking online to find the best deals while businesses continue to migrate over in order to meet their demands. You need to be able to reach those consumers if you have any hope of growing your business.
The problem is that this ever-changing landscape...
13 November, 2015

Relationship value of a customer is a concept or calculation that looks at customers from the point of view of their lifetime revenue and profitability contributions to a company.This type of calculation is needed when companies start thinking of building long-term relationships with their customers.
Factors That Influence Relationship Value:
The Lifetime or relationship value of a customer is influenced by the length...
06 November, 2015

Both parties in the customer firm relationship can benefit from customer retention.This is,it is not only in the best interest of the organization to build and maintain a loyal customer base,but customers themselves also benefit from long term associations.
Benefits for Customers:
Assuming they have a choice,customers will remain loyal to a firm when they receive greater value relative to what they expect from competing...
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