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Marketing management orientations Flashcards

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7555565077Marketing management orientationsThe six alternative concepts under which organisations design and carry out their marketing strategies: Production, product, selling, marketing, societal marketing, and sustainable marketing concepts0
7555568747Production conceptThe idea that consumers will favour products that are available and highly affordable; therefore, the organisation should focus on improving production and distribution efficiency1
7555576161Product conceptThe idea that the consumers will favour products that offer the most quality, performance, and features; therefore, the organisation should devote its energy to masking continuous product improvements2
7555581341Selling conceptThe idea that consumers will not buy eneough of the firm's products unless the firm undertakes a large-scale selling and promotion effort3
7555588595Marketing conceptA philosophy in which achieving organisational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do4
7555593928Societal marketing conceptThe idea that a company's marketing decisions should consider consumers' wants, the company's requirements, consumers' long term interests, and society's long term interests5
7555602136Sustainable marketing conceptSustainability marketing, also referred to as green marketing, is when a company focuses social and environmental investments as a marketing strategy. ... Sustainability marketing is a way to build relationships with consumers while letting them know that they are important and so are future generations. It is a concept that meets the needs of the present without compromising the ability of future generations to meet their own needs6
7555632492The selling and marketing concepts contrastedThe selling concept focuses on existing products and heavy selling.The aim is to sell what the company makes rather than making what the customers wants The marketing concept focuses on satisfying customer needs as a path to profits7
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