Question | Answer |
The system a company uses for identifying and satisfying customer needs and wants profitability. | Marketing |
Sale is to an individual; ultimately it is a single person who makes the buying decision | B2C |
Making an organization purchase decision and the dynamics of this both differ drastically from the consumer market. There are usually multiple influencers. | B2C |
Important and powerful part of the marketing strategy | Sales Force |
External Market Analysis | 1. economic situation 2. social demographic and trends 3. political, regulatory changes and trends 4. impact of technology 5. competitor activity |
Compared to competitors and customer's expectations. | Internal Analysis |
Internal Analysis | 1. Company image 2. Reputation 3. Facilites 4. Financial Strength |
Five P's | product price promotion place people |
Role of Sales in Marketing | Sales-Marketing-Customers |
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