Kudler's Marketing

Essay specific features

 

Issue:

Business

 

Written by:

Alice W

 

Date added:

August 11, 2015

 

Level:

 

Grade:

A

 

No of pages / words:

7 / 1922

 

Was viewed:

3636 times

 

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Essay content:

“Although market research can be costly, it is often even more costly to make erroneous decisions based upon bad or inadequate information” (Hillstrom & Hillstrom, 2002, p.716). However, the results followed this research may create new opportunities or may lead to failure. The focus point in a marketing research is gathering information about what consumers need and want and how to satisfy these demands...
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There is a difference between needs and wants, but a good business marketing strategy would be when consumers are satisfied in both aspects. The needs appear when the people are willing to buy food, clothes, place to live. When personal preferences depend on consumers’ personality, knowledge and culture, the subject is “wants”...
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