A strategic approach in which an organization attempts to get the most from its resources by following a planned procedure for identifying customers who possess the greatest potential to respond to the marketer’s efforts and help the marketer meet objectives.
A direct distribution system where customers place orders either through information gained from non-personal contact with the marketer (e.g., marketer’s website or print catalog) or through personal communication with a company representative who is not a salesperson (e.g., placing order by telephone).
Consists of the strategies and tactics used to identify, create and maintain satisfying relationships with customers that result in value for both the customer and the marketer.
Suggests marketing decisions should flow from first making efforts to know what customers want and only after this should an organization initiate the process of developing and marketing products and services.
A direct distribution system where the marketer relies on others (e.g., agents and brokers) to communicate the marketer’s products but the marketer handles distribution directly to the customer.
Describes the decisions made by marketers to appeal to their target markets and includes product, distribution, promotion, pricing and services.
A critical component needed to make good marketing decisions by presenting a picture of what is occurring (or likely to occur) in a market and then offering alternative courses of action that may be followed by the marketer in order to reach their objectives.
A formal plan presented by researchers to clients that offers critical information outlining how research objectives and how research will be conducted.
A target marketing strategy that uses a single marketing strategy to appeal to one or more small sub-segments within a larger market segment.
The intentional use of olfactory elements, such as an odor or fragrance, for the purpose of enhancing customers’ experience with a product.