Posts Tagged ‘Consumers’

Marketing and Consumer Psychology

Marketing is fundamentally underpinned by consumer behavior which can be largely explained by examining consumer psychology. This highlights how consumers behave in each stage of the buying process and why they react as they do. On this basis, marketers can design and implement communication strategies that target specific customer groups based on their psychological profiles. [...]

Marketing Mix & the 4P’s

The marketing mix is probably the most famous marketing term. Its elements are the basic, tactical components of a marketing plan. The 4Ps of the marketing mix are product, price, place and promotion. Each of these elements plays an important role in an effective marketing plan. 1.      The Product A product or service can be [...]