Razibul slam by razib raz

B2B

razibraz113 — 2024-09-11 12:40:21 UTC

Context: B2B (Business-to-Business) refers to transactions and interactions between businesses rather than between a business and individual consumers.

Example: A manufacturer selling raw materials to a production company is an example of B2B, as both parties are businesses engaged in a transaction that supports their respective operations.

Product Characteristics

razibraz113 — 2024-09-12 08:00:32 UTC

Product features cover the product's value, efficiency, and services.

Each year, the Samsung is refreshed with new functionalities and advanced processors.

Data sources

razibraz113 — 2024-09-12 08:02:40 UTC

The many channels and sources used by the sales team to collect data for their sales goals and decisions.

Purchasing Behavior

razibraz113 — 2024-09-12 08:06:17 UTC

Making a plan before making a purchase is crucial.

The focus is mainly on the process of gathering resources, choosing reliable suppliers, and following the negotiation strategy.

Inbound sales

razibraz113 — 2024-09-12 08:08:12 UTC

Inbound sales is when sales reps engage with leads interested in their product or service.

Suppliers revenue

razibraz113 — 2024-09-12 08:11:08 UTC

Context: Manufacturers benefit by cutting costs from sales prices.
Explanation: When the sales price beats the product's cost, providers win.

Purchasing Behavior

razibraz113 — 2024-09-12 08:14:11 UTC

Context: Understanding buying habits involves looking into how and why customers make purchasing decisions, including their preferences, influences, and patterns.

For example, customers' spending habits may indicate that they choose eco-friendly products as their awareness of the environment grows and that they are influenced by online evaluations and social media ideas.

Market structure

razibraz113 — 2024-09-12 08:17:05 UTC

Context: Market structure specifies how a market is organized based on the number of enterprises and how they compete.

Explanation: -It influences pricing and consumer choices, such as in a monopoly when one firm dominates, resulting in greater prices, or optimal competition between multiple firms, resulting in lower prices and more choices.

Marketing mix

razibraz113 — 2024-09-12 08:19:49 UTC

Context: The marketing mix involves the set of tactics and strategies a company uses to promote and sell its products or services, typically encapsulated by the 4Ps: product, price, place, and promotion.

Explanation: By carefully balancing these elements what the product is, how much it costs, where it is sold, and how it is promoted a business can effectively reach its target market and achieve its sales objectives.

Total customer value and cost

razibraz113 — 2024-09-12 08:21:21 UTC

Context: Total customer value and cost assess the overall benefits and expenses from a customer's perspective.

Explanation: Total customer value is the perceived benefits of a product, while total customer cost includes the purchase price and additional expenses. Balancing these helps businesses enhance value and manage costs effectively.