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ebook download (eBook PDF) MKTG, 5th Edition by Charles W. Lamb all chapter
ebook download (eBook PDF) MKTG, 5th Edition by Charles W. Lamb all chapter
ebook download (eBook PDF) MKTG, 5th Edition by Charles W. Lamb all chapter
Charles W. Lamb
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6-4e Use of Reciprocity 103
6-4f Use of Leasing 103 8 Customer Relationship
Management (CRM) 132
6-4g Types of Business Products 104
6-5 Classifying Business Customers 105 8-1 What Is Customer Relationship Management? 132
6-5a Major Categories of Business Customers 105 8-1a The Other CRM 133
6-5b Classification by Industry 106 8-2 The CRM Cycle 134
6-6 Business Buying Behaviour 107 8-3 Steps in the CRM Cycle 134
6-6a Buying Centres 107 8-3a The CRM Cycle—Stage 1 (Marketing
Research) 134
6-6b Buying Situations 108
8-3b The CRM Cycle—Stage 2 (Business
6-6c Evaluative Criteria for Business Buyers 109
Development) 136
6-7 Business Marketing Online 110
8-3c The CRM Cycle—Stage 3 (Customer
6-7a Trends in B2B Online Marketing 111 Feedback) 145
Awake Chocolate Continuing Case: 2B2B or Not 8-4 Privacy Concerns and CRM 148
2B2B 112
8-5 The Future of CRM 149
CONTENTS vii
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
10 Products
Developing and Managing
176
11-2b The Gap Model of Service Quality 199
11-3 Marketing Mixes for Services 203
11-3a Product (Service) Strategy 203
10-1 The Importance of New Products 176 11-3b Process Strategy 204
10-1a Categories of New Products 177 11-3c People Strategy 205
10-2 The New-Product Development Process 178 11-3d Place (Distribution) Strategy 205
10-2a New-Product Strategy 178 11-3e Physical Evidence Strategy 206
10-2b Idea Generation 179 11-3f Promotion Strategy 206
10-2c Idea Screening 181 11-3g Price Strategy 206
10-2d Business Analysis 181 11-3h Productivity Strategy 207
10-2e Development 182 11-4 Relationship Marketing in Services 207
10-2f Test Marketing 182 11-5 Internal Marketing in Service Companies 208
10-2g Commercialization 184 11-6 Non-profit Organization Marketing 209
10-3 Global Issues in New-Product Development 186 11-6a What Is Non-profit Organization
10-4 The Spread of New Products 186 Marketing? 210
10-4a Diffusion of Innovation 186 11-6b Unique Aspects of Non-profit Organization
10-4b Product Characteristics and the Rate of Marketing Strategies 210
Adoption 187 Awake Chocolate Continuing Case: Essential
10-4c Marketing Implications of the Adoption Service of Caffeine 213
Process 188
10-5 Product Life Cycles 188 Part 3 Case: Hershey’s Focus on
10-5a Introductory Stage 189 Innovation 216
viii CONTENTS
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iStock.com/ Tryaging
12 Setting the Right Price 218 13 Marketing Channels
and Supply Chain
12-1 The Importance of Price and the Pricing
Process 218 Management 240
12-1a What Is Price? 218 13-1 The Nature of Marketing Channels 240
12-1b The Importance of Price to Marketing 13-1a Change the Channel 240
Managers 219 13-1b The Marketing Channel and Intermediaries
12-2 The Pricing Process 220 Defined 242
12-2a Step 1—Establishing Pricing Objectives 220 13-1c How Intermediaries Help the Supply Chain 242
12-2b S tep 2—Estimating Demand, Costs, and 13-2 Channel Intermediaries and Their Functions 245
Profits 222 13-2a Channel Functions Performed by
12-2c Step 3—Choosing a Price Strategy 225 Intermediaries 245
12-2d Step 4—Using a Price Tactic 228 13-3 Types of Marketing Channels 246
12-3 The Legality and Ethics of Setting a Price 233 13-3a Channels for Consumer Products 246
12-3a Bait Pricing 233 13-3b Channels for Business and Industrial
12-3b Deceptive Pricing 234 Products 247
12-3c Price Fixing 234 13-3c Alternative Channel Arrangements 248
12-3d Predatory Pricing 234 13-4 Making Channel Strategy Decisions 249
12-3e Resale Price Maintenance 235 13-4a Factors Affecting Channel Choice 249
12-3f Price Discrimination 235 13-4b Levels of Distribution Intensity 251
Awake Chocolate Continuing Case: Sell Value over 13-5 Handling Channel Relationships 252
Price 236 13-5a Channel Power, Control, and Leadership 252
13-5b Channel Conflict 252
CONTENTS ix
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
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13-7a Developing Global Marketing
Channels 258
13-7b Electronic Distribution 258
Awake Chocolate Continuing Case: A Taste for
Channel Success 260
14 Retailing 262
14-1 The Role of Retailing 262
14-2 Classification and Types of Retail Operations 263
15 Marketing
Communications 284
14-2a Classification of Retail Operations 263 15-1 The Role of Promotion in the Marketing Mix 284
14-2b Major Types of Retail Operations 264 15-2 Marketing Communication 286
14-3 The Rise of Nonstore Retailing 267 15-2a The Communication Process 287
14-3a Automatic Vending 268 15-3 The Goals of Promotion 290
14-3b Self-Service Technologies (SST) 268 15-3a Informing 290
14-3c Direct Retailing 268 15-3b Persuading 291
14-3d Direct Marketing (DM) 268 15-3c Reminding 291
14-3e Online Retailing or E-tailing 269 15-3d Connecting 291
14-3f Sharing Economy 269 15-4 The Promotional Mix (AKA Integrated Marketing
14-4 Franchising 270 Communications—IMC) 291
14-5 Retail Marketing Strategy 271 15-4a Advertising 292
14-5a Defining a Target Market 271 15-4b Public Relations (PR) and Publicity 292
14-5b Choosing the Retailing Mix 271 15-4c Sales Promotion 293
14-5c Retailing Decisions for Services 276 15-4d Personal Selling 293
14-6 Addressing Retail Product/Service Failures 277 15-4e Direct-Response Communication 294
14-7 Retailer and Retail Consumer Trends and 15-4f Online Marketing, Content Marketing, and
Advancements 277 Social Media 294
14-7a Big Data 277 15-4g The Communication Process and the
14-7b Shopper Marketing and Analytics 278 Promotional Mix 295
14-7c Future Developments in Retail 15-5 Promotional Goals and the AIDA Concept 297
Management 278 15-5a AIDA and the Promotional Mix 298
Awake Chocolate Continuing Case: Micro Mart, 15-6 Integrated Marketing Communications and the
Macro Potential 280 Promotional Mix 299
15-6a Factors Affecting the Promotional Mix 299
Part 5 Case: Apocalypse… Awake Chocolate Continuing Case: Nevil, the
Soon? 282 Communicator 304
x CONTENTS
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
17 SSelling
ales Promotion and Personal
330
18-2j
Media 355
The Changing World of Social Media 356
18-3 Mobile’s Role in Digital Marketing 356
17-1 What Is Sales Promotion? 330 18-3a Mobile and Smartphone Technology 356
17-1a The Sales Promotion Target 331 18-3b The Second Coming of Text 357
17-1b The Objectives of Sales Promotion 332 18-3c Apps and Widgets 357
17-2 Tools for Consumer Sales Promotion 333 18-4 Search: SEO and SEM 358
17-2a Discounts and Coupons 333 18-5 Designing a Digital Marketing Strategy 360
17-2b Rebates 334 18-5a The Listening System 360
17-2c Premiums 334 Awake Chocolate Continuing Case: Influencers at
17-2d Loyalty Marketing Programs 335 the Ready 362
17-2e Contests and Sweepstakes 335
17-2f Sampling 336 Part 6 Case: Connection in
17-2g Shopper Marketing 336 a Contagion 364
CONTENTS xi
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
xii CONTENTS
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
The fifth Canadian edition of MKTG and the a deep look at the kinds of market research businesses
accompanying MindTap is the number one, most used should do, segmenting, targeting and positioning, and
textbook in Canada for the Introduction to Marketing customer relationship management. In Part 3, we focus
course. This resource was developed in consultation on developing and managing products from concept to
with instructors and more than 400 students over the execution. In Part 4, the importance of setting the right
course of more than 10 years, with the goal of creating price is explored in great detail. In Part 5, the details of
a comprehensive yet efficient resource that engages, marketing channels and supply chain management are
develops critical thinking skills, and helps learners to explored. In Part 6, we look at decisions related to pro-
move up Bloom’s Taxonomy, from memorization to motions including the ways in which marketers commu-
mastery of course concepts. nicate to the target audience through advertising, public
In MKTG, Fifth Canadian Edition, we begin in relations, and direct response. Further, there is a focus
Part 1 with an introduction to marketing, including a on sales promotion and personal selling and strategies
look at social responsibility and ethics. In Part 2, we take related to social media.
xiii
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xiv
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
FEATURES xv
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xvi
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xvii
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
The authors would like to gratefully acknowledge Portfolio Manager; and our detailed and thorough
the original authors of the American edition for the copyeditor Karen Rolfe. Their guidance throughout
thoughtful structure and text with which to work and the development and production of this fifth Canadian
the entire Cengage Canada team who have supported edition have been invaluable.
us in this endeavour. Our thanks in particular to The authors would also like to thank the following
Leanna MacLean, Senior Portfolio Manager; Jackie reviewers for their time and feedback: Sara Mercier,
Wood, Senior Product Director; and Imoinda Romain, Durham College; Jack Michienzi, Fanshawe College;
Senior Content Production Manager, for championing Margaret O’Brien, Algonquin College; Keith Penhall,
this dynamic product, as well as to Courtney Thorne, Red River College; and Victor Sousa, Centennial
Content Development Manager; Alexis Hood, previously College.
xviii
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LEARNING OUTCOMES
1-1 Define marketing 1-3 Define key marketing terms
1-2 Describe the evolution of marketing 1-4 Explain why marketing matters
“Good marketing makes the company look smart. Great marketing makes
the customer feel smart.”
—Joe Chernov1
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
Daniel Krason/Shutterstock.com
fits him and sells itself. Ideally, marketing should result in a
customer who is ready to buy.”3
development of a more
comprehensive approach
to understanding the
customer
JHVEPhoto/Shutterstock.com
their social and ethical beliefs. In 2016, the Body Shop had
announced a new company focus of “Enrich not Exploit.”
The company listed 14 efforts that would help the busi-
ness move as a leader in the societal marketing space.4
Getting back to its green roots was the overall purpose
1-2d | Societal Marketing Era solutions to deal with greater consumerism. Health
issues relating to product use are at the forefront of this
It is apparent when we distill the marketing concept down era, with greater awareness of the safety and dietary
to a basic idea (give customers what they want) that its pur- issues attached to products. This era brings a greater
suit can have potentially unsavoury consequences (what if government involvement in consumer needs and wants.
what they want isn’t good for them?). Dealing with this Thanks to better customer education and extremely
challenge created the societal marketing era, where strict promotional restrictions, sales of products such
a dual emphasis results: looking at not only what the cus- as cigarettes have dropped drastically. Industries and
tomer wants but also what companies are placing an emphasis on self-regulation
society wants. before more strict government involvement created
societal marketing era Societal marketing
looking not only at the bottom-line and public relations issues.
examines the longer-term
customer but expand-
impacts on the customer
ing marketing efforts to 1-2e | Relationship Marketing Era
include aspects from the and the environment
external environment when customers seek to Today, the relationship marketing era is about devel-
that go beyond a compa- satisfy needs. New move- oping a real and sustainable relationship with the cus-
ny’s customers, suppliers, ments, such as recycling tomer. The key movement in this era has to do with
and competitors moving from interruption to interaction in a company’s
and waste reduction,
sought out companies’ marketing efforts.6 Marketing can no longer look for a
6 PART ONE: Marketing—Let’s Get Started
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202