

What is marketing intelligence?
What are the characteristics of intelligence-led organisations.
What type of marketing intelligence do firms need?
What are the sources of marketing information?
What is the role of marketing information in marketing planning?
What is marketing research (versus market research)?
Identify and examine the steps in the marketing research process.
Discuss the relative strengths and weaknesses of quantitative and qualitative research design.
When is it appropriate to use primary research and secondary research?
This presentation is about the influence of macro and micro environmental conditions on marketing decisions and activities. It begins by defining marketing decisions and identifying examples of marketing decisions. This allows learners to easily see how macro and micro conditions affect marketing activities. It also stimulates the thought of marketers with regards to responding to macro and micro environmental changes.
I.Be able to assess market size and future demand.
i.Understand the term—market.
ii.Explain the term—market analysis.
iii.Understand the purpose of market analysis.
iv.Be able to assess the market size of an industry.
v.Be able to assess market trends in an industry.
vi.Be able to forecast future demand in an industry.
I.How to carry out a competitor analysis in a given market or industry.
i.Explain the term—competitor analysis.
ii.Be able to do a competitor analysis.
iii.Identify and use information sources to prepare a competitor analysis.
II.Explain the purpose of competitor analysis.
i.Evaluate an organisation’s opportunities and threats from a market and competitor analysis.
I.Be able to measure customer satisfaction.
i.Understand the importance of measuring customer satisfaction.
ii.Evaluate techniques of assessing customer response.
iii.Design a customer satisfaction survey.
iv.Review the success of a completed survey.
I.Understand the difference between consumer and customer?
II.Explain the concept of consumer buying behaviour.
III.Examine the stages of the consumer buying process.
IV.Assess the merits of the consumer buying process in understanding buyer’s behaviour.
V.Examine the major factors that influence consumer buying behaviour.
I.Explain the factors that affect buyer behaviour.
i.Consumer buying behaviour.
ii.Business buyer behaviour.
What is market segmentation?
Explain the benefits of market segmentation.
Identify and describe the bases or variables used for segmenting consumer and Organisational markets.
Which market segment(s) should the firm target?
After completing this lesson, you will be able choose a suitable targeting strategy for a given product or service. The lesson begins with a problem faced by a consumer goods company. It faces the dilemma of targeting three distinct segments of the bottled mineral water with a single offering or three different offerings. The lesson also provides opportunities for learners to evaluate four targeting strategies including undifferentiated, differentiated, niche and personalised targeting.