Marketing and New Communications Technologies

CHAPTER 1 1)Briefly comp atomic number 18 and contrast the concepts of needs, wants, and demands, giving an example of each. Discuss how these concepts consult to marketing practices. Needs are states of deprivation. For examples, physical needs for food, clothing, warmth, and safety fond needs for belonging and affection and individual needs for knowledge and self-expression. Wants are the form that needs take as they are shaped by cultural and individual personality. For example, an American needs food but wants a Big Mac, french fries, and a soft drink.Demands is wants backed by get power. For example, given their wants anfd resources, people demand products with benefits that add up to the most grade and satisfaction. Outstanding marketing companies go to great lengths to learn about and run into their customers needs, wants, and demands. They conduct consumer research and analyze mountains of customer data. 2)In a short essay, handle the challenges and advantages that une xampled communications technologies have created for marketers.The new communications technologies has provided marketers with exciting new ways to learn about and track customers and create products and services tailored to individual customer needs. Its helping marketers communicate with customers in hulky group or one-to-one. Marketers also can create their own small customer databases and use them to target individual customers with offers designed to meet their proper(postnominal) needs. For example, by using the Internet, a direct marketer can tip into online data service to learn anything from what car you drive to what you read to what gusto of ice cream you prefer.