Friday, February 25, 2011

Themes of Advertisements


Themes of Advertisements
Different advertisers use different themes of central ideas to influent the instincts of different kinds of people. Some of the important themes are —follows: -
1. Prestige. This theme is-used to popularize luxurious items like ma car, refrigerator and furniture Their possession acts as a symbol of pact’ to their holders.
2. Corn fort. This theme is used to advertise products like fans, ar conditioners and refrigerators, etc, as such products help to make the Ilk comfortable.
3. Health. Health is the central idea used to advertise food patented medicines, etc. For example, “Protect your family this monsoon i internationally acclaimed RESIN technology of Zero-B to eliminate disseat causing Bacteria audit Viruses in your drinking water.” (see Fig. 1).
4. Beauty. This theme is very popular with the manufacturers and dealers of cosmetics, toilet soaps, perfumes aid readymade garments.
5. Safety. The manufacturers of cables and electrical appliances may emphasize safety in their ad campaigns. For example, Sky tone cables highlight safety aspect .TISING
6. Parental affection. This idea is used for advertising products meant children like toys, baby tricycles, baby foods, and baby dresses, e.g. ways treat your children beautifully”. (see Fig. 3)
7. Achievement. Many big companies use this theme to advertise their ducts and also build-up public relations. Number of units sold, foreigner earned, profit earned, etc. are some of examples, e.g., “In the last three years, Corporation Bank has increased its net profits by over 150% led its EPS, doubled its Book Value per share. And doubled its customer’s hence.” (Business Today, July 22, 1997). The achievement theme is also by National Bank 

Significance of Advertisement Copy


Significance of Advertisement Copy
An effective advertisement copy lead to the following benefits.
(i) An advertisement copy helps a businessman in introducing a new
product in the market.
(ii) An attractive advertisement copy builds up the goodwill of the business
(iii) It communicates the message effectively.
(iv) It helps in convincing the consumers about the superiority of the advertised product.
(v) It facilitates competitive advertising in the market where a number f substitutes are available.


ADVERTISEMENT COPY


ADVERTISEMENT COPY
The word copy has been given different meaning by various authors on &overtiring. Some people refer it to the text or body copy of an advertisement. While others take it as the entire advertisement. We shall use the term in the latter sense of the word, “The copy in an advertisement is defined as the written or spoken material in it, including the headline, coupons and message”. Advertisement copy includes headline, body or real message, Illustrations, photographs, claims and logotype or the name of the advertiser. In simple words, ‘ad copy is the entire message whether written or spoken which the advertiser wants to convey to a certain class of people through any medium of advertisement.
Copy is the core of an advertisen3ent. It helps in communicating the advertiser’s message to the public. The ultimate purpose of an advertisement copy is to stimulate sales. In order to achieve this purpose, and advertisement copy should be drafted with utmost care. This jock must be handled by some specialist who has got sufficient knowledge and experience to make advertisement attractive and effective.
An advertisement is effective if it attracts the notice of busy and indifferent people and stimulates them to take some action desired by the advertiser. An advertisement copy should be so drafted that it can make the people see, read or listen to it. It should also make the people believe, if it has to persuade to buy the product. However, there should not be any false or misleading statement and exaggeration of qualities regarding the product advertised. The advertisement should suggest to the prospective customers the superiority of the product while catering to all consumer needs into consideration such as quality, prices, arid durability. Finally, it is significant to point out that an advertisement copy should be prepared keeping in mind the type of product to be advertised and the type of people, to whom it is addressed.
Elements of an Advertising Copy. The main elements of an advertising pay are as follows:
1. Heading. It is the first and top part of an advertising copy. It may be a word, a phrase or even a question about the product or service being 1vertised. The heading is used to attract the attention of the people. It should not be very lone. For example, Personal Point says ‘I never felt I was on a weight loss programme’ (See Figure 1).
2. Theme. It is the central idea used in an advertising copy. It gives the zasic idea about the product. It highlights the distinctive advantage of the product being advertised. Various types.of themes are used in different types advertisements. The Personal Point advertisement has the central theme of Healthy and safe weight loss.’
3. Picture. The advertising copy also contains a photo of the product ing advertised. The picture helps to attract attention. It enables the.cusmers to recognise/identifr the product. The Personal Point advertisment áows pictures of a person before and after weight loss.
4. Arguments. Advertising copy may give the arguments to convince the. stomers about the utility of the product. In some advertising copies, test zports about the product or prize won by it are also mentioned. The Personal ?áit advertisement argues ‘where else can you enjoy snacks, desserts, cool thnks, delicious food and lose over 20 kilos so easily?’ and ‘you need special
rition, not less!’ .
5. Closing part. In the closing part of the advertising copy, the contents d the advertisement are repeated in brief and price may be mentioned to act the prospective buyers. The Personal Point advertisement closes by 1ing ‘Rush! Even more affordable new!’ and ‘There’s Real Health at PerLal Point’.

CONSUMER DECISION PROCESS


CONSUMER DECISION PROCESS
The major influence of the buyer decision is to cope with the buyer’s decision process If the marketer reads the major factors wrongly, reading of the buyer’s decision process would also be affected The buyer might be one and the user might be another person. To properly uriderstand buyer decision process, one must first understand the buying roles. Initiator (daughter.first brings the idea, for example, of buying a TV from recent exchange offers), Influence (Daughter’s friends influence her view), Gate keeper (Father informs that there is no budget and the offers are fake. Father is unwilling to go for exchange offer) ; Decider (Mother\therefore decides to further the wishes of her daughter) ; Buyer (Father and Mother go to shop and buy the Television), and User (the family uses Telvision for education, entertainment, and enjoyment).
While taking into accoun1 various buying roles, the consumer decision process has to be thoroughly scrutinized for effective delivery of the product. Th fact wiii steps are taken into account:
1. Need Recognition. The customer feels that some product is desire to satisfy the emerging need. If it is hupger, food is desired. If it is personal safety, grilling of doors and windows would be desirable. Depending upon the type of need, the related satisfiers would be reached.
2. In formation Search. The felt need must have some satisfiers. To’ look at this possibility,, scanning of the information sources takes place. The sources might be personal (friends, colleagues, family etc.), infomercial TV, radio, retailer, etc), public (looking at others, consumer information Dentures), or experiential (meeting people who lave the type of product one is looking for). The consumer leans about the various alternatives, their features, strengths and weaknesses.
3. Evaluation of Alternatives. Once the learning process is complete, a detailed analysis of the alternatives• is prepared. The evaluation process starts at this stage. Depending upon the involvement level of the customer and the significance of differences between brands, a particular type of a buying be heavier is adopted. Have a re-look at Fig. ‘3.
(a) High Involvement. A customer is highly involved in the product if it expensive, involves some risk, bought infrequently, is highly self-expressive, or in specialised/technical/mechanical product. For example, computer, television, car, wall paper, camera, saris, aluminum sliding or carpet. The consumed buying behaviors can be of two types:
(i) Complex Buying Behavior. The consumer would inhibit such a Saviour if the product is not only of high involvement, there are significant fervencies between brands. For example, camera can be bought
A perusal of the table suggests that main consideration is shutter spee4 and price. But how to decide on shutter speed? Customer needs specialist advise to buy. Before the specialist is consulted, the data would be compiled. Other considerations include the brand name, the after-sales service, etc.
(ii) Distance Reducing Buying Behaviour. A high involvement product with few differences iii the brands would make the consumer to seek maximum reduction of post-purchase dissonance by comparing prices, convenience, speed, durability, etc. For example, buying of carpet, wall paper, or aluminium sliding hardly matters whether bought from Rodi, Hindustan Carpets, Novel, etc. So long as finish is acceptable and the desirable impact will be made, the product would be acceptable.
(b) Low Involvement. A product is not considered to be highly involved if it is having low cost and frequently purchased. For example, toothpaste, stationery, salt, etc. Here also, two extreme types of consumer buying behaviors are visible.
(i) Variety-seeking Behavior. The product would be highly searched and compare on account of price, feature quantity, package, incentives, etc. For examples toothpaste, tooth brush, powder, soaps, detergents, toiletries, etc. Here a lot of brand switching is possible. Customer can try new products without much risk of money. Thus, it is easy to change customer beliefs in these categories foods. The market leader would try to convert the variety seekers into brand loyalty, i.e., habitual behaviour, discussed next.
(ii) Habitual Buying Behavior. A low involvement product with insignificant brand difference would lead to a passive habitual buying behaviour. For example, salt until recently was offered by Tata. Then it was joined by Captain Cook. However, even if the Captain Cook has positioned itself as free flowing salt, customer has not found much of difference for kitchen uses because no extra benefit is perceived to have been accrued to the consumer. However, as an itenr that offers choice in salts, the ales of Captain Cook have picked-up. As pointed out earlier, the marketers tend to convert variety seeking behaviour into habitual buying behaviour i.e., buying Promise toothpaste on a regular basis. Similarly, when no specific brand differences exist, (habitual buying behaviours, the marketers use price, sales promotion, and advertising to bring about brand differences and hence change consumer behaviour into variety behaviour.
4. Purchase Intention. Once the question of consumer level of involvement and consumer perception of differences in brands is sorted out, the marketers turn top study the stage of reaching at a purchase intention. This can be achieved by looking at the consumer behaviour. A consumer who wishes to buy a product to satis1’ his need may not be aware of the total number of product varieties that are available at that moment. Even out of the awareness set, the consumer might not consider certain product varieties because of the limitation of time, budget, past experience, availability, etc. Out of the consideration set, a list of products is made out based on certain criteria (features, quality, quickness of delivery, after-sales service, brand image, etc.). The application of criteria might lead to decision to go for a particular product

WHY STUDY CONSUMER BEHAVIOUR?


WHY STUDY CONSUMER BEHAVIOUR?
A number of reasons6 make the stu4 of consumer behavior relevant effective marketing management. These are as follows:
1.Consumers do not always act or react as the theory would suggest. F example,. consumer of the past reacted to price levels as if price and quail had positive relation. Today, consumers seek value for. money, less price h with superior features. This has led Videocon to go for Bazooka which positioned above the economy class but below premium class. The consume response indicates that the shift has occurred.
2. Consumer preferences are changing and becoming’ highly diversified. The shift has occurred with availability of more choice compared to pre-1991 era. For example, PCL broke the price barrier ir September 1996 with all-time low- PC-Pentium prices. Customer was tempted to purchase the product and shift their brand preferences from HP-HCL, Apple, Compaq, IBM, etc.
3. Consumer research has vividly pointed out that consumers dislike using identical products. and prefer differentiated products to \reflect their special needs, personalities, and life-styles. Thus, when Onida 2 was introduced, it referred that the television was for the elite class. Maggie introduced Sour and Chilly sauce with emphasis ‘its’ different’.
4. Meeting of special needs of customers requires market segmentation. The LIC provides its insurance cover to suit the needs of different types of customers — Jeevan Suraksha (Financial security and post-retirement benefits),Asha Deep II (Medical coverJeevan Shree (to retain key iidividuals in oranisations), Jeevan Surabhi’ (money back with rising insurance cover), Jeevcin Mitra (double benefit endowment plan), Money Back.
I
5. Rapid introduction of nave products with technological advance me,it has made the job of studying consumer behavior more imperative. For example, the information technologies are changing very fast so far as personal computer industry is concerned. lere, the PC-486 has been declared as dead and even PC-Pentium got two molle aggradations PC-Pentium Pro and MMX within a period of one year from May 1996.
6. Consumer behaviour can be used to sell products that might not sell easily because some other product has been satisfying the customer, even if the new product saves life-much quicker than the old product. For example, Havel’s India has given advertisement using fear of fire as instinct to promote their wires and cables, MCBs, and ELCBS. The advertisement shows fire- caught building just three days back, and the related news items.

7. Implementing the marketing Concept’ calls for studying the consumer behaviour. The shift in the age from selling age to marketing age meant that customer’s needs be given priority aver the hard-sell tactics. It was realised that consumer would not buy anything sol4. The consumer would buy only those products which satisfied his needs and wants. Thus, identification of target market before production became essential to deliver the desired customer satisfaction and delight.

8. Study of consumer behavior has shown fallacies more apparently than ever before:

(i) Consumers are loyal to products or organizations. Consumers re not inherently disloyal and they become so only if utterly neglected or conditioned to do so. Loyalty is not dead. If market becomes flooded with more and more products, customer expects their favoured product organistion should produce them and deliver the same. Thus, companies who place major aphasias on attracting new customers and place minor emphasis on retaining existing customer should not be surprised to see that the customer has left their fold.
(ii) Customers do not patronize the best available product. They patroness the best available offer. Thus, if Mercedes Benz and Maruti Esteem ire the two models that are under customer choice set, then the the firm which n promise better payment terms and features would win the customer.
(iii) Marketer cannot sell the product to the customer against his will The marketing-mix (product, price, place, promotion) cannot create internal desire of the prospect to buy a personal computer. The customer has feel the need and then marketers can provide various satisfiers. A good marketer, therefore, studies the drives and needs of customer and then tries best satisfy them.

CONSUMER BUYING MOTIVES


CONSUMER BUYING MOTIVES
The modern concept of marketing considers the customer as the king or prime as satisfaction and delight of customer is the ‘mission of a business. is the customer who shapes the production and ma4eting policies of the rm. A marketer should understand this fact if he is to beuccess  in this mission. He must have sufficient knowledge about the customers to whom he s going to sell. He must try to understand the nature of customers, their this and their buying motives if he is to win permanent customers.
A buying motive induces a buyer to buy a product. It is an influence or consideration which provides an impulse to buy. There is a buying motive  hind every purchase. It may not be the same with every buyer One buyer away purchase a product to satisfy his one need and another may purchase a product to satisfy an altogether different nerd. Therefore, it is necessary for áe marketer to identify the buying motives of different kinds of customers. Fr this he must study the psychology of the customer and design his market-
-mix accordingly. Maslow’s need hierarchy which explains buyer’s motives as been discussed later in this chapter.
types of Buying Motives,
There are three considerations which make a person purchase a product:
& He has a desire which needs to be satisfied ; (ii) He has an urge which Nueces him to purchase ; and (iii) He has a reasoning.
Broadly speaking, individuals are motivated to buy by internal and renal forces as under:
Internal motives often originate in the minds of the people and are both typical and psychological in nature. They are broadly classified into two rational which are based on logical reasoning or thinking and amoral , which are based on personal feelings.
External motives are outside oneself. Since a consumer is the product iiss environment, his buying motives are influenced by the external factors. us factors like income, occupation, religion, culture, family and social ‘environment act as motivators.
Buying motives. may also be classified on the basis of product and patronage.
1. Product Motives. These explain why people buy certain products. motives result directly from the needs of customers. Product motives be of two kinds:
(A) Primary buying motives relate to the reasons why consumers buy one foods rather than another Such motives result directly from the needs and wants, and include the d 3ire to achieve recognition, physical well- preservation of self-image, relaxation, beauty, knowledge, money gain. The seller must discover the customer’s primary motives (for they are unaware of these) and then direct has appeal as effectively as possible.
(b) Selective buying motives relate to causes that induce a consumer€ purchase certain class of quality goods. Selection is based on such motives the desire for both economy and convenience. Some of the most com
selective buying motives include desire for convenience, versatility, econ dependability and durability.
2. Patronage Motives. These cause a customer to buy products for. particular manufacturer or retailer. Important patronage motives are the. concerned with fashion, exclusiveness, dependable after-sales service, vengeance of location, quality, price, reliability of the seller, punctuality delivery, variety of selection, etc. When a person decides to buy a particular product or patronize particular retailer, he may be guided by rational or emotional motives as cussed below.



Rational Motives (Economic Considerations)
These motives are based on a man’s reasoning, logic and ability consideration of economic consequences. They include the immediacy monetary cost, and long-range cost effecting the buyer such as economy durability, depreciation, efficiency, degree of labor needed, dependability and ultimate benefits achieved.
Emotional Motives (Psychological Considerations)
Emotional buying motives are based on personal feelings and cover a we range of motives including impulses, instincts, habits and drives, etc. The motives include pleasure, comfort, status, pride, ambition, economic e social achievement, selection of gifts, maintaining and preserving heath satisfaction of appetite, proficiency, romantic instinct, social accepted recreation and relaxation, etc. Emotional motives are found more among people of high income group TV, Air Conditioner, Refrigerator, Washing Machine,. Geyser, Car, etc. a generally bought to satisfy emotional motives.


Consumer Behavior


Consumer Behavior

“The fact of buying changes the dynamics of the relationship. The will never views the sale as a favor conferred on the seller and, in effect, bits the seller’s account. A healthy relationship requires a conies and constant fight against the forces of decline. One of the west signs of a bad relationship is the absence of complaints. The stomper is either not being candid or not being contacted. Probably both.
Theodore Levitt

INRODUCTION
The modern marketing concept makes. customer at the centre-stage of sanitation efforts; The focus, within the marketing concept to reach the -et customer, sets the ball rolling for analyzing each of the conditions of the -t market. The first being to find out interest of such persons as would :‘-t me prospective customers. Then comes the. willingness of such interested :.ones to buy the offered product. But since customer needs come first and the organization offers the product, as imperative of the marketing pt, customer’s willingness to buy cannot be studied in isolation of the nearest of such prospects to satisfy a basic need from different satisfiers. Consumers’ needs recognition, their involvement level, the available alternate decision to buy and post-purchase behavior, all are part of the consumer behavior. Every consumer is unique and this uniqueness infest in search, purchasing, consuming, reacting, etc. Thus, consumer behavior must be properly understood by marketers.

Maslow’s Need Hierarchy Theory


Maslow’s Need Hierarchy Theory
Abraham Maslow, an eminent US psychologist, offered a general theory motivation, called the ‘Need hierarchy theory’. He felt that people have a wide range of needs which motivate them to strive for their fulfillment. Human needs can be categorized into five types : Physical needs, safety or security .eeds, affiliation or social needs, esteem needs and self actualization needs. These are briefly discussed below:
1. Physiological Needs. The needs that are taken as the starting point a motivation are called basic or physiological needs. These needs relate to the revival and maintenance of human life. They include such things as food, hang, shelter, air, water and other necessaries of life.
2. Safety Needs. These needs are also important for most of the people. anybody wants job security, protection against dangers, safety of property, . Crompton Greaves rides on safety concerns of customers.
3. Social Needs. Man is a social being. He is, therefore, interested in variation, sociability, exchange of feelings, companionship, recognition, livingness, etc.
4. Esteem and Status Needs. These needs embrace such things as -incidence, independence, achievement, competence, knowledge, initial’ e and success. These needs are concerned with prestige and respect of the individual.
5. Self-Fulfilment Needs. These are the need of the highest order. are generally found in persons whose first four needs have already been emailed. They are concerned with achieving what a person considers to be his win in life. For instance; getting India free from the British regime was the mission of Mahatma Gandk Sense of achievement may be concerne4 w making new products and doing unique things such as adventure sports.
The needs discussed aver can be arranged into a hierarchy. In oth words, the human needs have a definite sequence of domination as shown Second need does not dominate until first need is reasonably and third need does not dominate until two needs have been reasonal4I satisfied, and so on. The other side of the need hierarchy is that man is a wanting animal, continues to want something or the other. He is never family satisfied.
If one need is satisfied, the other need arises. Another point to note is that once a need or a certain order of needs is satisfied, it ceases to be a motivating factor. Lastly, the physiological and security needs are finite, but needs of higher order are sufficiently infinite and likely to be dominant in persons at higher levels in the organisation.
In practice, the need hierarchy may not follow the sequence postulated by Maslow. Even if safety need is not satisfied, the esteem or egoistic need may merge. Proposition that one need is satisfied at one time is also of doubtful validity. The phenomenon of multiple motivation is of great practical impor.. tance in understanding the behaviour of man. However, one or two needs or motives in any situation may be prepotent while others may be of secondary importance. Maslow’s theory helps marketers know how different products fit into customer need set. For a given consumer it might be interesting to look at the level of need and then to satisfy that need.
2. Perception. Petrosky and Yaroshevky’4 have defined perception as an essential stage of cognition that is associated with thinking, memory, and attention, directed by motivation, and has a definite emotional tinge. It is different from illusion which is an inadequate reflection of the object perceived. According to Oxford Advance Learner’s dictionary, perception is the process. by which we become aware of changes throu1h the senses of sight, hearing, smell, touch, and taste. Berelsori and Steiner have defined perception as the process by which an individual selects, organizes and interprets information inputs to create a meaningful picture of the world , Thus, one consumer might perceive the advertisement by Bata (& bargain (because prices do not increase), the other consumer might take it  mean that if the child’s foot size increases, the prices must increase, (and therefore the words ‘aren’t you glad our prices don’t’) would deter him fromBata school shoes.

SCOPE AND FUNCTIONS OF MARKETING


SCOPE AND FUNCTIONS OF MARKETING
The scope of marketing can be understood in terms of functions that a marketing manager/director/department performs. In most of the business enterprises, marketing department is set up under supervision of the Marketing Manager. The major purpose of this department is to generate revenue for the business by selling want satisfying goods and services to the customers. In order to achieve this purpose, the Marketing Manager performs the following functions:
 (i) Marketing research.
(ii) Product planning and development.
(iii) Buying and assembling.
(iv) Selling.
(v) Standardization, grading and branding.
(vi) Packaging.
(vii) Storage.
(viii) Transportation.
ix) Salesmanship.
 xi Advertising
 x: Pricing.
Xii Financing.
xiii Insurance.
The functions of marketing may be classified into four categories as in the following

FUNCTIONS OF RESEARCH
 Marketing Research
1: means the intelligence service of the organization. Marketing research in analyzing the buyer’s habits, relative popularity of a product, effect of advertisement media, etc. Its major task is to provide the markets .manager with timely and accurate information so that better decisions can. idea. The scope of marketing research is very wide. It may cover all the
business which have bearing on the marketing function. In the words w J. Stanton, “Marketing research is the systematic search for and analysis I  related to a marketing problem. Its emphasis is shifting from fact information gathering activity to a problem solving and action recommend  function”.

Product Planning and Development
A product is something which is offered by a business firm to customers to their needs. It has great importance in all other areas of marketing element. For instance, marketing research is mainly directed towards sizing the needs of the customers and increasing the sale of the product;  storage and transportation activities depend upon the nature of the :Act. Therefore, it is necessary to plan and develop products which meet specifications of the customers. Products are the foundation of any marl sag programmed. The success of marketing department depends upon the zee of the product offered to the customers. The product must be so :.need and developed that it meets the requirements of the customers. Product planning and development involves a number of decisions, What to manufacture or buy? How to have its packaging? How to fix and how to sell it ? The design, quality, colors, size, and othe of the product can be determined by conducting marketing research. product department will be guided by the requirement of the users.

Objectives of Marketing Management


Objectives of Marketing Management
Marketing management is concerned with those activities which are necessary to determine and satisfy the needs of customers so as to achieve the objectives of business. Thus, the basic goal of marketing management is to achieve the objectives of the business. A business aims at earning reasonable long-term profits by satisfying the needs of customers. In the light of this statement, we may state the objectives of marketing management as follows:
1. To create customers for the business. The marketing manager must attract customers to buy the firm’s products and services. This will facilitate increased sales. New customers may be attracted through advertisement and sales promotion activities such as distribution of samples, display of goods, etc.
2. To satisfy the needs of the customers. The marketing manager must study the demands of customers before offering them any goods or services. Selling the goods or services is not that important, as the satisfaction of the customer’s needs. Modern marketing begins and ends with the needs of customers.
3. To determine marketing-mix that will satisfy the needs of the customers. Product, pricing, promotion and physical distribution should be so planned as to meet the requirements of different kinds of customers.
4. To generate adequate profits for the business. The marketing miry rekey tizzy.
Sufficient profits must be earned as a result of sale of want-satisfying products. If the firm is not earning profits, it will not be able to survive in the market. Moreover, profits are also needed for the growth and diversification of the firm.
5. To earn goodwill for the business. To build up the public image of firm over a period is another objective of marketing. The marketing department provides quality products to customers at reasonable prices and thus creates its impact on the customers. The marketing manager attempts to raise the goodwill of the business by initiating image building activities such as sales promotion, publicity and advertisement, high quality, reasonable price, convenient distribution outlets, etc. If a firm enjoys goodwill in the market, it will increase the morale of its sales-force. They will show greater loyalty and will develop a sense of service to the customers. This will further enhance the reputation of the business.
6. To raise standard of living of the people. Marketing management attempts to raise the standard of living of the people by providing them better products at reasonable prices. It facilitates production and distribution of a wide variety of goods and services for use by the customer.

Nature of Marketing


Nature of Marketing
Marketing is Customer-focused. Marketing intends to satisfy and delight: Customer. The activities of marketing must be directed and of the customer. Marketers can remain in customer mind if they are  value for what they spend. Customer focus can optimize costs for the while allowing the organization to focus on its core competencies.
customer makes constant trade-offs between quality, price, and benthos, marketers must allow customers to dictate product specifications quality standards. Marketing efforts must be directed at meeting caser needs, not market shares. For this, marketers must track customer
on a continuous basis.
2. Marketing must Deliver Value. Marketer have to track customer weds and deliver the product as per their requirements. This is not an end in The company must satisfy the following equation with resultant valueabo ve 1:

The corporate strategy must be aimed at delivering greater customer than competitors. The corporate planning, processes, and people must :. e-conflgurecl around the customer.

3. Marketing is Business. When customer is the focus of all activities see Fig. 2 below), marketer has not to search customers to seek response to is products. Customer group is decided for whom the product is prepared and presented.


4. Marketing is Surrounded by Customer Needs. Marketing starts with the identification of customer needs and requirements. These are turned into probable features that might satisfy the basic needs. The portable form of product is made out and presented before the customer for approval. The customer suggests changes or improvements in the portable product and the final product is brought before the customer. Fig. 3illustrates the point.

5. Marketing is a Part of Total Environment. Total environment may be defined as the combination of all resources and institutions which are directly related to the production and distribution of goods, services, ideas, places and persons for the satisfaction of human needs. However, it is better to look at remote and immediate environment of any marketing organisation as shown below in Fig. 4.



6 marketing  Systems Affect Company Strategy. Marketing has its sub-systems which interact with each other to form complete marketing seem that is responsive to company marketing strategy. Through the sub-‘ s Marketing Information System, Marketing Planning System, MarC isation and Implementation System and Marketing Control
 Fig. 5, the company monitors and adapts to the total ziment. The interaction between marketing sub-systems


(7).Marketing as a Discipline. The subject of marketing has emerged business which has derived its existence from economics. After from business, marketing has got its strength from related areas law, psychology, anthropology, sociology, statistics, mathematics because the related impinge heavily on consumer behavior, legal aspects of research on consumer needs, advertising media, pricing, promo
etc. Thus, marketing as a discipline stands tested as an art and a science.

8. Marketing Creates Mutually-beneficial Relationships. The customer is the focus of all marketing activities. But, during the last decade, the focus has. shifted to the way of doing business, i.e., the strategic aspects of marketing. Here the means of marketers are their knowledge and experience, and the end result is in the form of mutual beneficial relationship. Thus, marketing is everything that results in the mutually beneficial relationships with the customer. For example, if social contribution can help enhance company image, help to aged, children and disabled would definitely attract the consumer confidence in the organisation because of its assumption of social responsibility. Thus, customer might differentiate between Coke and Pepsi, Whirlpool and Godrej refrigerators, etc.


DEFINITION OF MARKETING


DEFINITION OF MARKETING
Product-oriented Definition
Marketing may be narrowly defined as a process by which goods and services are exchanged and the values determined in terms of money prices. The American Marketing Association has defined marketing as “the performance of business activities that direct the flow of goods and services through producers to consumers or users’2 That means marketing includes all those activities carried on to transfer the goods from the manufacturers or producers to the consumers. It involves the exchange of goods and services for money. This way of defining marketing represents ‘product orientation’. It concentrateson selling whatever has been produced or manufactured by a business concern without caring for the requirements or demands of the customers. There are several weaknesses of this definition which are as follows:
(i) Exclusion of Non-economic Activities. The definition limits marketing to business activities and thus non-business activities like social marketing (e.g., population control) are not covered.
(ii) Lack of Customer Orientation. It is assumed that customers will buy whatever is offered to them. Their requirements need not be looked into before actually manufacturing the product. Thus, the orientation of the definition “we sell what we make” must change to “we make what we sell”.
(iii) Lath of Emphasis oit After-Sales Service. The importance of after- sales service is not highlighted. Every firm needs repeat patronage from customers to continue in the business. For this, after-sales service is an essential part of marketing.
(iv) Focus on Place Aspect. In the above definition, only one function ‘Place’ has been highlighted. Thus, the other Ps like promotion, pricing, product, packaging, etc. have been completely ignored.
The above definition suited the earlier days of sellers market when there was shortage of goods. Product-oriented definition of marketing is inappropriate in the present-day business environment where there are a large number of substitutes and keen competition in the market. It presumes that the process of marketing begins after goods have been produced and ends with their sale. But in the present-day business, marketing begins long before the goods are produced. The needs of the customers must be studied before the product development and actual production takes place. Marketing decisions must also be made regarding the market, pricing and promotion of the product. Marketing does not end with the final sale. The customer must be satisfied if a business enterprise expects his repeat orders. Because of these reasons, the concept of marketing has undergone a sea change. Progressive firms follow ‘consumer orientation’ in marketing because they recognise that consumers are often responsible for changes in business policies. Consumers are the force which give direction to the business activities. Consumers’ satisfaction and delight should be the main aim of the business activities.
Customer-oriented Definition
According to Cundiff and Still, “Marketing is the business process by which products are matched with the markets and through which transfers of ownership are effected.”3 Matching products with the market means determining the requirements of potential customers and supplying the products which meet their requiremeits. If a business organisation produces the products after assessing the rejuirements of prospective customers, it is more likely to be successful to achieve its objectives. The consumer-oriented marketing has_—_ a — philosophy in business known as the marketing concept’. zat cept emphasizes the determination of the requirements of -_.: .szers and supplying products to satisfy their requirements. roe car*Lamb has, thus, become an integrated process of identification, and satisfaction of human wants. To quote American Marketing
Marketing is the process of planning and executing the concern. promotion and distribution of ideas, goods and services to create that .satisfy individual and organizational goals”.4
,r-Oriented Definition
J. Stanton has given a system oriented definition of marketing. is a total system of interacting business activities designed to :.r. . promote and distribute wants sati siring products to target made ve organisational objectives.5
definition has several implications. Firstly, the entire system of activities should be market or customer-oriented. Customer’s wants recognized and satisfied effectively. Secondly, marketing is a dynamic za process. It is an integrated process rather than a fragmented assort institutions and functions. It is not just one activity, it is a result  of many activities. Thirdly, marketing activities start with the of a product idea and end only after the customer’s wants are
satisfied. Finally, it is also implied that marketing must maximize as sales over the long-run in order to be successful in business.

Objectives of Advertising


Objectives of Advertising
The fundamental purpose of advertising is to sell something — a product, a servicer ape idea. In addition to this general objective, advertising is also used by the modern business enterprises for certain specific objectives which
re listed below:
1. To introduce a new product by creating interest for it among the prospective customers.
2. To suppcrt personal selling programme. Advertising may be used to open customers’ doors for salesman done by Eureka Forbes.
3. To reach people inaccessible to salesman.
4. To enter a new market or attract a new group of customers.
5. To fight competition in the market and to increase the sales as seen in the fierce completion between Coke and Pepsi.
6. To enhance the goodwill of the enterprise by promising better quality products and services.
7. To improve dealer relations. Advertising supports the dealers in selling the product. Dealers are attracted towards a product which is advertised effectively.
8. To warn the public against imitation of an enterprise’s products.

Functions of Advertising


Functions of Advertising
Advertising has become an essential marketing activity in the modern a of large scale production and serve competition in the market. It performs the following functions:
1. Promotion of Sales. It promotes the sale of goods and services by forming and persuading the people to buy them. A good advertising coming helps in winning new customers both in the national as well as in the international markets.
2. Introduction of New Product. It helps the introduction of new poducts in the market. A business enterprise can introduce itself and its product to the public through advertising A new enterprise can’t make an
pact on the prospective customers without the help of advertising. Adverting enables quick publicity in the market.
3. Creation of Good Public Image. It builds up the reputation of the vertices. Advertising enables a business firm to communicate its achieve’ rents in an effort to satisfy the customers’ needs. This increases the goodwill .i1 reputation of the firm which is necessary to fight against competition in ±e market.
4. Mass Production. Advertising facilitates large-scale production. advertising encourages production of goods in large-scale because the business firm knows that it will be able to sell on large .scale with the help of advertising. Mass production reduces the cost of production per unit by the comical use of various factors of production.
& Research. Advertising stimulates’ research and development acuities. Advertising has become a competitive marketing activity. Every firm vies to differentiate its product from the substitutes available in the market ought advertising. This compels every business firm to do more and more research to find new products and their new uses. If a firm does not erigii.i4 research and development activities, it will be out of the market in the i1 future.
6. Education of People. Advertising educate the people about r products and their uses. Advertising message about the utility of a prc enabs the people to widen their knowledge. It is advertising which helped people in adopting new ways of life and givingup old habits, example, Gits, Kellogg’s, Maggie’s, etc. are thriving upon the new life- of Indian consumer. It has contributed a lot towards the betterment opt standard of. living of the society.
7. Support to Press. Advertising provides an important sourr d revenue to the publishers and magazines. It enables to increase the circul .of their publication byieiling them at lower rates. People are also been because they get publications at cheaper rates. Advertising is also a sour re’,’enue for TV netwàrk. For itance, Doordarshan and Zee TVinsert berore, in between and after various programmes and earn millions of rupe through ads. Such income could be used for increasing the quality of varif programmes and extending coverage.

Features of Advertising


Features of Advertising
American Marketing Association has defined advertising as “any paid fönn of non-personal presentation and promotion of id, goods and services of an identified sponsor”. This definition reveals the following features of advertising:
1. It is a paid from of communication. Advertisements appear in newspapers, magazines, television or cinema screens because the advertiser has purchased some space or time to communicate informatioi to the prospective customers.
2. It is non-personal presentation 9f message. There is no face-to-face direct contact with the customers. That is. why, it is described as non-personal salesmanship. It is a non-personal form of presenting products and promoting ideas and is complementary to personal selling. It simplifies the task of sales-force by creating awareness in the minds opotential customers.
3. The purpose of advertising is to promote idea about the products and services of a business. It is directed towards incieasing the sale of the products
and services of a business unit.
4. Advertisement is issued by an identified sponsor. Non-disclosure of th€ name of the sponsor in propaganda may lead to distortion, deception and manipulation. Advertisement should disclose or identify the sources of opinions and ideas it,presents.
Publicity and Public Relations
Publicity is a part of marketing and customer relations. Unlike advertising, publicity is not paid for by the organisation. Publicity comes from news reporters, columnists and journalists. It comes to the receiver as the truth rnther than as a commercial. Public relations and publicity taken together are one of the four major ingredient of promotion-mix. These activities are, however, not controllable by the firm. Every from tries to create a good public relations so as to get good publicity through press and electronic media. Publicity has a peculiar feature that it is not a paid form of communication. Publicity refers to the mention of company/product in any, published or non-published media. For example, a new product is launched, and due to its unique feature, the product may become a point of discussion among various groups. This mention adds to the promotion and hence, the product gets pubicised. This publicity is mainly due to good response of customers, or due to quality or can be even due to some controversies. Any way, such public exposure of a product forms a crucial part of promotion mix. If a product is able to draw a lot of attention by the media, the firm will have to spend less on advertisement and sales promotion actWitiss.

INTRODUCTION OF ADVERTISING


INTRODUCTION OF ADVERTISING
Advertising is an important tool of promotion. Advertisement is a n personal presentation of an idea or a product (whereas personal selling c salesmanship help in personal promotion). Advertising supplements person selling to a great extent. Advertising has acquired great importance in modern India characterised by tough competition in the market and changes in technology, and fashion and taste of customers. In this chapter, i shall study the nature, functions and media of advertisement used by mo business firms.
Advertising is used for communicating business information to t.. present and prospective customers. It usually provides information about bi advertising firm, its product qualities, place of availability of its products, ._. Advertisement is indispensable for both the sellers and the buyers. How’re it is more important for the sellers.. In the modern age of large scale production, producers cannot think of pushing sale of their products without advertising them. -
What is Advertising?
Advertising is the. dissemination of information, concerning an il product or service to induce action in accordance with the intent of advertiser. According to William J. Santon, “Advertising consists of all activities involved in presenting to an audience a non-personal, sponsor-ku tified, paid-for message about a product or organisation.”
Advertising is any paid form of non-personal presentation and pr of ideas,—goods or services of an. identified sponsor. The message which presented or disseminated is known as advertisement’. All activities necessary to prepare the message and get it to the intended people are part of ‘advertisement’.