The nature of goods and services significantly influences marketing strategies due to their inherent characteristics. Goods, being tangible, allow for direct demonstration and physical interaction, leading to strategies focused on features, quality, and pricing. In contrast, services are intangible, necessitating marketing strategies that emphasize experiences, customer relationships, and trust-building, often utilizing testimonials and service guarantees. Additionally, the perishability of services requires companies to focus on capacity management and customer engagement, while goods can be stocked and sold at leisure.
Compare with Chartered Institute of UK and American Association of Marketing, the definition of Marketing?
Porter is a Strategy Mastermind - esp with his 1996 paper - What is Strategy? Whereas Kotler is a pure Marekting Guru - They do not necessarily disagree but each of them is in there own sense a leader in their field
These two are definitely not the same. Marketing of goods refers to actual products where marketing of services refers to rendered services that are provided to the consumer. Each of these needs to be seen as completely different and the strategy for marketing each of these should be equally different. They are as different as their characteristics. In product marketing, we actually see a physical product but in advertisement of a service, we don't actually see a physical thing, but feel it. For example in compare the ads of a beauty soap and an insurance company ad.
export marketing is when a company increases its market share by maintaining production in its own country while venturing into the international market. While export selling is the selling of products and services out of the origin country in order to make profit.
Push and pull strategies in marketing communication serve different purposes in promoting products. A push strategy involves promoting products by pushing them through distribution channels to retailers or wholesalers, often using aggressive sales tactics and trade promotions to encourage stock. In contrast, a pull strategy aims to create consumer demand for a product, encouraging customers to seek it out and "pull" it through the distribution channel, typically through advertising and brand loyalty initiatives. While push strategies focus on the supply chain, pull strategies emphasize consumer engagement and brand appeal.
Compare with Chartered Institute of UK and American Association of Marketing, the definition of Marketing?
Porter is a Strategy Mastermind - esp with his 1996 paper - What is Strategy? Whereas Kotler is a pure Marekting Guru - They do not necessarily disagree but each of them is in there own sense a leader in their field
Compare and contrast the two basic procurement strategies of corporate procurement and project procurement
These two are definitely not the same. Marketing of goods refers to actual products where marketing of services refers to rendered services that are provided to the consumer. Each of these needs to be seen as completely different and the strategy for marketing each of these should be equally different. They are as different as their characteristics. In product marketing, we actually see a physical product but in advertisement of a service, we don't actually see a physical thing, but feel it. For example in compare the ads of a beauty soap and an insurance company ad.
They compare and contrast the ideas from multiple resources
An organizational strategy to compare and contrast involves identifying similarities and differences between key elements, such as products, services, processes, or strategies. This can be done by creating a clear framework for comparison, using tools like matrices or SWOT analyses, and maintaining a focus on the most relevant criteria for evaluation. Effective communication of the findings is crucial for stakeholders to understand the implications and make informed decisions based on the comparisons made.
The best organization strategy for examining the differences between two subjects would be compare and contrast.
Compare the Market provides services to compare and apply for many different insurances. They have also expanded into energy, communications and credit cards. They also have a novelty "Compare the Meerkat" site as part of their marketing campaigns.
export marketing is when a company increases its market share by maintaining production in its own country while venturing into the international market. While export selling is the selling of products and services out of the origin country in order to make profit.
Compare and contrast it with what?
1. Compare 2. Contrast
Push and pull strategies in marketing communication serve different purposes in promoting products. A push strategy involves promoting products by pushing them through distribution channels to retailers or wholesalers, often using aggressive sales tactics and trade promotions to encourage stock. In contrast, a pull strategy aims to create consumer demand for a product, encouraging customers to seek it out and "pull" it through the distribution channel, typically through advertising and brand loyalty initiatives. While push strategies focus on the supply chain, pull strategies emphasize consumer engagement and brand appeal.