Preface | p. xix |
Authors | p. xxix |
Prologue | p. xxxii |
The Nature of Marketing | p. 2 |
Marketing Affects Our Daily Lives | p. 4 |
Marketing--What Is It? | p. 5 |
Not-for-Profit Organizations Are Marketers Too! | p. 6 |
A Definition of Marketing | p. 7 |
Keeping Customers and Building Relationships | p. 8 |
What Is a Market? | p. 9 |
The Marketing Mix | p. 9 |
The Marketing Environment--Coping with the Uncontrollable | p. 15 |
Modern Marketers Use the Marketing Concept | p. 16 |
Marketing Is a Cross-Functional Activity | p. 20 |
Marketing and Society | p. 20 |
Why Study Marketing? | p. 22 |
Summary | p. 22 |
Key Terms | p. 23 |
Questions for Review and Critical Thinking | p. 23 |
e-exercises | p. 24 |
Ethically Right or Wrong? | p. 24 |
Burton Snowboards (A) | p. 25 |
Lawn Care of Wisconsin | p. 27 |
Marketing Management: Strategy and Ethical Behavior | p. 28 |
Marketing Management | p. 30 |
What Is a Marketing Strategy? | p. 31 |
Planning--Designing a Framework for the Future | p. 31 |
Top Management Makes Corporate Strategic Plans | p. 34 |
Marketing Strategies at the SBU Level | p. 36 |
The Strategic Marketing Process | p. 40 |
Managerial Ethics and Socially Responsible Behavior | p. 48 |
Summary | p. 52 |
Key Terms | p. 53 |
Questions for Review and Critical Thinking | p. 54 |
e-exercises | p. 54 |
Ethically Right or Wrong? | p. 55 |
Second Chance Body Armor | p. 56 |
Ben and Jerry's (A) | p. 57 |
Environmental Forces in an e-commerce World: The Macroenvironment | p. 58 |
A World Perspective for the 21st Century | p. 60 |
The Macroenvironment | p. 60 |
The Physical Environment | p. 61 |
Sociocultural Forces | p. 62 |
Demographics | p. 63 |
Science and Technology | p. 71 |
Economic and Competitive Forces | p. 75 |
Politics and Laws | p. 77 |
Summary | p. 81 |
Key Terms | p. 82 |
Questions for Review and Critical Thinking | p. 82 |
e-exercises | p. 83 |
Ethically Right or Wrong? | p. 83 |
Comedian Mark Lundholm | p. 85 |
The Microenvironment in an Era of Global Business | p. 86 |
The Microenvironment--The Four Cs | p. 88 |
The Value Chain | p. 92 |
Core Competencies | p. 93 |
Relationship Management | p. 95 |
The Impact of Global Forces on the Four Cs | p. 95 |
Summary | p. 107 |
Key Terms | p. 108 |
Questions for Review and Critical Thinking | p. 108 |
e-exercises | p. 109 |
Ethically Right or Wrong? | p. 109 |
Etec (A) | p. 110 |
Cross-Functional Insights | p. 111 |
Information Technology and Marketing Research | p. 112 |
Information: The Basis of Effective Marketing | p. 114 |
Worldwide Information Systems in the 21st Century | p. 114 |
Data and Information | p. 115 |
Decision Support Systems | p. 116 |
Intranets | p. 117 |
Data-Based Marketing | p. 117 |
What Is Marketing Research? | p. 118 |
The Stages in the Research Process | p. 119 |
Marketing Research Is a Global Activity | p. 132 |
Sales Forecasting: Research about the Future | p. 132 |
Summary | p. 135 |
Key Terms | p. 136 |
Questions for Review and Critical Thinking | p. 136 |
e-exercises | p. 137 |
Ethically Right or Wrong? | p. 137 |
Burke Inc. | p. 138 |
Toronto Blue Jays (A) | p. 139 |
Consumer Behavior | p. 140 |
What Is Consumer Behavior? | p. 142 |
A Simple Start--Some Behavioral Fundamentals | p. 142 |
The Decision-Making Process | p. 143 |
Individual Factors That Shape the Decision-Making Process | p. 149 |
Interpersonal Influences on the Decision-Making Process | p. 160 |
Joint Decision Making | p. 164 |
Summary | p. 165 |
Key Terms | p. 166 |
Questions for Review and Critical Thinking | p. 167 |
e-exercises | p. 167 |
Ethically Right or Wrong? | p. 168 |
Vermont Teddy Bear (A) | p. 169 |
Business Markets and Organizational Buying | p. 170 |
Organizational Buying Behavior | p. 172 |
Characteristics of the Business Market | p. 173 |
Three Kinds of Buying | p. 176 |
The Internet and e-commerce | p. 177 |
The Cross-Functional Buying Center | p. 178 |
Why Do Organizations Buy? | p. 181 |
NAICS: Classifying Business Markets | p. 184 |
Summary | p. 185 |
Key Terms | p. 186 |
Questions for Review and Critical Thinking | p. 187 |
e-exercises | p. 187 |
Ethically Right or Wrong? | p. 187 |
Weather Or Not, Inc. | p. 188 |
Market Segmentation, Targeting, and Positioning Strategies | p. 190 |
What Is Market Segmentation? | p. 192 |
Four Strategies for Target Marketing | p. 196 |
Identifying Market Differences | p. 205 |
Segmenting Business Markets | p. 213 |
Finding the "Best" Segmentation Variable | p. 214 |
Positioning: The Basic Focus for the Marketing Mix | p. 214 |
Summary | p. 216 |
Key Terms | p. 217 |
Questions for Review and Critical Thinking | p. 217 |
e-exercises | p. 218 |
Ethically Right or Wrong? | p. 218 |
LaBelle Management | p. 219 |
VALS 2 | p. 220 |
Cross-Functional Insights | p. 223 |
Basic Concepts about Goods, Services, and Ideas | p. 224 |
What Is a Product? | p. 226 |
Classifying Consumer Products | p. 228 |
Classifying Organizational Products | p. 232 |
The Product Line and the Product Mix | p. 234 |
The Marketer's Product Portfolio | p. 235 |
Branding--What's in a Name? | p. 237 |
Packaging | p. 245 |
Product Warranties | p. 246 |
Customer Service | p. 247 |
Services Are Products Too! | p. 247 |
Characteristics of Services | p. 248 |
The Total Service Product | p. 252 |
The Role of the Internet in Providing Customer Services | p. 253 |
Summary | p. 254 |
Key Terms | p. 255 |
Questions for Review and Critical Thinking | p. 255 |
e-exercises | p. 256 |
Ethically Right or Wrong? | p. 256 |
Ben and Jerry's (B) | p. 258 |
Boyne USA Resorts (A) | p. 259 |
Strategies for New Products and the Product Life Cycle | p. 260 |
What Is a New Product? | p. 262 |
Management's Perspective on New Products | p. 262 |
The Consumer's Perspective on Newness | p. 263 |
The Slim Chances of Success | p. 265 |
The Characteristics of Success | p. 265 |
New Product Development | p. 267 |
Why Do New Products Fail? | p. 273 |
The Product Life Cycle | p. 274 |
The Adoption and diffusion Processes | p. 281 |
Strategies for Modifying Existing Products | p. 284 |
Matching Products to Markets--Product Line Strategy | p. 289 |
Ethical Considerations Associated with Product Strategy | p. 292 |
Summary | p. 295 |
Key Terms | p. 296 |
Questions for Review and Critical Thinking | p. 296 |
e-exercises | p. 297 |
Ethically Right or Wrong? | p. 297 |
Etec (B) | p. 298 |
Cross-Functional Insights | p. 299 |
The Nature of the Supply Chain and Distribution | p. 300 |
Distribution Delivers a Standard of Living to Society | p. 302 |
Supply Chain and Logistics Defined | p. 302 |
The Objectives of Physical Distribution | p. 304 |
What Is a Channel of Distribution? | p. 305 |
Marketing Functions Performed by Intermediaries | p. 306 |
Typical Channels of Distribution | p. 316 |
Vertical Marketing Systems | p. 323 |
Planning the Channel of Distribution | p. 325 |
Issues Surrounding Channel Relationships | p. 328 |
Reverse Distribution | p. 330 |
Ethical Forces in Distribution Management | p. 331 |
Summary | p. 331 |
Key Terms | p. 333 |
Questions for Review and Critical Thinking | p. 333 |
e-exercises | p. 334 |
Ethically Right or Wrong? | p. 334 |
Burton Snowboards (B) | p. 335 |
Retailing, Direct Marketing, and Wholesaling | p. 336 |
Retailing and Its Importance | p. 338 |
Retailing Institutions--Toward a System of Classifications | p. 338 |
e-tailing on the Internet | p. 346 |
The Wheel of Retailing | p. 348 |
Retail Management Strategies | p. 350 |
Wholesaling | p. 355 |
Classifying Wholesalers | p. 356 |
Wholesale Management Strategies | p. 362 |
Regulation of Retail and Wholesale Distribution | p. 362 |
Summary | p. 364 |
Key Terms | p. 365 |
Questions for Review and Critical Thinking | p. 365 |
e-exercises | p. 366 |
Ethically Right or Wrong? | p. 366 |
Hudson's | p. 368 |
Cross-Functional Insights | p. 369 |
Integrated Marketing Communications | p. 370 |
Promotion: Communication with a Purpose | p. 372 |
New Communication Media Are Shaping Promotion | p. 373 |
The Elements of Promotion | p. 374 |
Integrated Marketing Communications--The Promotional Mix | p. 377 |
The Communication Process | p. 377 |
The Hierarchy of Communication Effects | p. 381 |
Push and Pull Strategies | p. 384 |
Promotional Campaigns | p. 385 |
The Ethics of Persuasion | p. 389 |
Summary | p. 390 |
Key Terms | p. 391 |
Questions for Review and Critical Thinking | p. 391 |
e-exercises | p. 392 |
Ethically Right or Wrong? | p. 392 |
Boyne USA (B) | p. 393 |
Advertising and Public Relations in an e-commerce World | p. 394 |
The Nature of Advertising | p. 396 |
Planning and Developing Advertising Campaigns | p. 397 |
Creative Strategy | p. 401 |
Producing an Effective Advertisement | p. 408 |
Media Selection | p. 413 |
Measuring the Effectiveness of Advertising | p. 420 |
Public Relations | p. 422 |
Public Relations Goes beyond Publicity: An Integrated Marketing Communications Approach | p. 425 |
International Public Relations | p. 427 |
Evaluating and Monitoring Public Relations | p. 427 |
Ethical Issues in Advertising | p. 428 |
Summary | p. 430 |
Key Terms | p. 431 |
Questions for Review and Critical Thinking | p. 431 |
e-exercises | p. 432 |
Ethically Right or Wrong? | p. 432 |
W. B. Doner Advertising Agency | p. 433 |
Personal Selling, Sales Management, and Sales Promotion | p. 434 |
Personal Selling Defined | p. 436 |
The Characteristics of Personal Selling | p. 436 |
The Types of Personal Selling Tasks | p. 438 |
The Creative Selling Process | p. 441 |
Sales Force Automation | p. 447 |
Sales Management | p. 448 |
Ethical Issues in Sales and Sales Management | p. 455 |
Sales Promotion | p. 455 |
Summary | p. 461 |
Key Terms | p. 462 |
Questions for Review and Critical Thinking | p. 462 |
e-exercises | p. 463 |
Ethically Right or Wrong? | p. 463 |
Closing Techniques: Five Top Salespeople | p. 464 |
Cross-Functional Insights | p. 465 |
Introduction to Pricing Concepts | p. 466 |
What Is Price? | p. 468 |
Price as a Marketing Mix Variable | p. 468 |
Price in the Economy | p. 470 |
The Fundamentals of Pricing Strategy | p. 472 |
Pricing Objectives | p. 472 |
Target Market Considerations | p. 476 |
Know Your Demand | p. 477 |
Know Your Costs | p. 479 |
Summary | p. 481 |
Key Terms | p. 482 |
Questions for Review and Critical Thinking | p. 482 |
e-exercises | p. 483 |
Ethically Right or Wrong? | p. 483 |
Toronto Blue Jays (B) | p. 484 |
Pricing Strategies and Tactics | p. 486 |
An Overview of Pricing Strategies | p. 488 |
Differential Pricing Strategies | p. 488 |
Competitive Pricing Strategies | p. 491 |
Product-Line Pricing Strategies | p. 494 |
Psychological and Image Pricing Strategies | p. 496 |
Distribution-Based Pricing Strategies | p. 498 |
Some Additional Pricing Strategies and Tactics | p. 500 |
Establishing the Exact Price | p. 500 |
Price Adjustments | p. 504 |
Pricing and the Law | p. 505 |
Pricing and Social Responsibility | p. 507 |
Summary | p. 508 |
Key Terms | p. 510 |
Questions for Review and Critical Thinking | p. 510 |
e-exercises | p. 511 |
Ethically Right or Wrong? | p. 511 |
World Gym | p. 512 |
Cross-Functional Insights | p. 513 |
Appendices | p. 514 |
Glossary | p. 515 |
Endnotes | p. 531 |
Credits | p. 539 |
Name Index | p. 540 |
Subject Index | p. 543 |
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