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Title: B2b And B2c Marketing
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Miscellaneous |
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March 15, 1999 |
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4 / 1033 |
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Essay text:
B2C marketing is based on brand recognition and maximizes the value of the transaction. Product branding inspires the shopper to remain loyal with repeated business and where the consumer is willing to pay a little more for the brand.
B2B B2C
Relationship driven Product driven
Maximize the value of the relationship Maximize the value of the transaction
Small, focused target market Large target market
Multi-step buying process, longer sales cycle Single step buying process, shorter sales cycle
Brand identity created on personal relationship Brand identity created through repetition and imagery
Educational and awareness building activities Merchandising and point of purchase activities
Rational buying based on business value Emotional buying decision based on status, desire, or price
Figure 1 – B2B & B2C Marketing Differences... Showed first 250 characters
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Source: D. Murphy, Vista Consulting (2008)
The B2B relationships traditionally work with other vendors to maximize profitability with the products that they are interested in purchasing, and the marketing materials must be created with this in mind. “The business buyer is sophisticated, understands your product or service better than you do, and wants or needs to buy products or services to help their company stay profitable, competitive, and successful” (Murphy, 2008, ¶9)... Showed next 250 characters
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