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Analyzing
Business
Markets
Chapter Questions
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-2
Chapter Questions
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-3
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
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Characteristics of
Business Markets
Fewer buyers
Close suppliercustomer
relationships
Professional
purchasing
Many buying
influences
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-6
Buying Situation
Straight Rebuy
Modified Rebuy
New Task
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-7
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-8
Initiators
Users
Influencers
Deciders
Approvers
Buyers
Gatekeepers
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-9
Of Concern to Marketers
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-10
Problem recognition
General need description
Product specification
Supplier search
Proposal solicitation
Supplier selection
Order-routine specification
Performance review
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-11
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-12
Catalog sites
Vertical markets
Pure play auction sites
Spot markets
Private exchanges
Barter markets
Buying alliances
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-13
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-14
Internal engineering
assessment
Field value-in-use
assessment
Focus-group value
assessment
Direct survey
questions
Conjoint analysis
Benchmarks
Compositional
approach
Importance ratings
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-15
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-16
Categories of Buyer-Seller
Relationships
Cooperative
systems
Collaborative
Mutually adaptive
Customer is king
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-17
Institutional Markets
The institutional market consists of schools,
college and university hostels, hospitals and
nursing homes, and other institutions that
provide goods and services to people in their
care. Many of these organizations are
characterized by low budgets and captive
clienteles.
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-18
For Review
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
6-19
For Review
Copyright 2013 Dorling Kindersley (India) Pvt Ltd. Authorized adaptation from the
United States edition of Marketing Management, 14e.
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