The stock market is a perfect example of an undifferentiated market.
If you want to buy 100 shares of IBM, you will buy it at the lowest
price. There may be 1,000 people ready to sell shares of IBM. All you
care about is who will charge the least. No characteristic of the
seller—how long he/she has held the shares, whether he/she cheats
on income tax or spouse, what his/her religion is—matters to you
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Design is a big idea, covering product design, service design,
At the heart of CRM is database marketing. Your company needs to
Most companies pay more attention to their market share than to their
We now live in a customer economy where the customer is king. This
Everyone is talking about customer relationship management (CRM)
How do you get your whole company to think and breathe customer?
Marketing’s original mantra is to “find needs and fill them.” The company finds needs by listening to or interviewing customers and then prepares an appropriate solution to each need. Today, however, there are few needs that companies don’t know about or address. Pietro Guido, an Italian marketing consultant, wrote a book called The No-Need Society to make this point.