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PrinciplesofMarketingNineteenthEditionChapter6BusinessMarketsandBusinessBuyerBehaviorCopyright?2024,2021,2018PearsonEducation,Inc.AllRightsReserved
LearningObjectives6.1Definethebusinessmarketandexplainhowbusinessmarketsdifferfromconsumermarkets.6.2Identifythemajorfactorsthatinfluencebusinessbuyerbehavior.6.3Listanddefinethestepsinthebusinessbuyingdecisionprocess.6.4Discusshowonline,mobile,andsocialmediahavechangedbusiness-to-businessmarketing.6.5Comparetheinstitutionalandgovernmentmarketsandexplainhowinstitutionalandgovernmentbuyersmaketheirbuyingdecisions.
LINKEDIN:ThePlacetoBeforB-to-BWithafast-growingmembershipofmorethan800millionbusinessprofessionals,LinkedInstandsoutasthego-toB-to-Bsocialsellingplatform.ItletsB-to-Bmarketers“markettowhomatters.”AlexandraPopova/Shutterstock
ConsumerMarketsandBuyerBehaviorBusinessbuyerbehaviorreferstothebuyingbehavioroftheorganizationsthatbuygoodsandservicesforuseintheproductionofotherproductsandservicesthataresold,rented,orsuppliedtoothers.Thebusinessbuyingprocessistheprocesswherebusinessbuyersdeterminewhichproductsandservicesareneededtopurchase,andthenfind,evaluate,andchooseamongalternativebrands.
LearningObjective1Definethebusinessmarketandexplainhowbusinessmarketsdifferfromconsumermarkets.
DiscussionActivity(1of2)Howdoesthebusinessmarketdifferfromtheconsumermarket?
BusinessMarkets(1of3)MarketStructureandDemandFewerbutlargerbuyersDeriveddemandInelasticdemandFluctuatingdemandDeriveddemand:ToincreasedemandforGore-Texfabrics,Goremarketsdirectlytobuyersoftheoutdoorandathleticapparelbrandsmadeusingitsproductsandtechnologies.ThisadtellsrunnersthatGore-Textechnologyistestedand“GuaranteedtoKeepYouDry.”BothGoreanditspartnerbrandswin.CarolynJenkins/AlamyStockPhoto
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