Need | | A want supported by willingness and ability to buy |
Want | | The attributes in an item that makes it capable of satisfying human wants. |
Demand | | Advertisng, sales promotion, direct marketing, personal selling, public relations etc |
Utility | | Coca-cola is avaialble in almost every shop that sells soft drinks |
Form Utility | | List price, credit terms, allowances, discounts etc |
Image Utility | | Channels, coverage, locations, etc |
Time Utility | | Qualitites, features, brand, packaging, warranties etc |
Possession Utility | | Owning your own printer so you don't need to use the Library printers for notes and assignments |
Place Utility | | The reason people buy designer lable clothing |
Exchange | | A state of felt deprivation |
Demand | | Product, Price, Place, Promotion |
Wants | | The form taken by human needs, when they are shaped by culture & individual personality |
Marketing | | A pad of paper cut to A4 size with holes drilled on one side to fit a folder. |
Product | | The pricing and distribution of products and services must match the customers’ expectations to create this |
The marketing concept | | In marketing, most of these involve goods / services for money, but can also involve ideas for money, feelings for money or other support etc. |
Marketing Mix | | Customer-oriented, co-ordinated marketing activities are seen as the means to achieving the organisation’s performance objectives. |
Product | | Product and promotion are crucial to creating these |
Price | | Whatever is offered in exchange by a firm to a market |
Place | | Coles Online allow you to set a specific time of day for grocery delivery |
Promotion | | All activities designed to generate and facilitate any exchange intended to satisfy human needs or wants. |