Professional Documents
Culture Documents
NUMBER
TOPIC/CONTENT of LEARNING ACTIVITIES REQUIRED OUTPUT
HOURS
Understanding the 3 Read Unit 2, pages 32-55, of the main reference e-book. In the Send me through a private
Marketplace and process, you should be able to: chat message your answer to
Consumers 2 of the given questions.
➢ identify the components of the marketing environment
➢ discuss the procedure of environmental scanning 1. A bank wants to know
➢ identify the constituents to micro and macro environment what its customers think
➢ explain the concept of Management Information Systems about its customer service
➢ realize how MIS helps in gaining consumer insight and waiting line
➢ discuss the marketing research process management. Discuss
each step that the bank
Key Unit Takeaways: would have to undertake
to ascertain the same
✓ The ultimate purpose of the environmental analysis is to facilitate (research process) in brief.
the firm’s strategic response to the environmental changes. The
firm can attain its objective with strategic planning in order to 2. Determine the important
cash in on environmental opportunities. consideration that a
manager should keep in
✓ There are two types of environmental forces, which influence an mind about competitive
organization’s marketing activities. Some of these forces are intelligence.
external to the firm and the organization has little control over
them. Economic environment determines the strength and size of 3. Determine the three R’s of
the market. marketing. How are they
important from marketer’s
point of view?
PMC-MMMarkman-MODULE 1 Page 1 of 6
✓ The purchasing power in an economy depends on current income,
prices, savings, circulation of money, debt and credit availability. 4. Explain the importance of
Income distribution pattern determines the marketing marketing research in the
possibilities. present day marketing.
Give relevant examples to
✓ Technology has changed the way people communicate with the support it.
advent of Internet and telecommunication system, and with the
revolution in communications have come new ways of doing 5. Suppose a company wants
business. to start newspaper
printing and distribution.
✓ Public constitute a major force in the micro environment and What kinds of market
marketers have to very carefully study their opinion, values, research will they be in
beliefs and attitudes in order to design a proper marketing need? What will be the
strategy for goods carefully tailored to meet the needs of the market research
target consumer segment. procedure they would
need to follow?
✓ Other techniques to analyze the market place include consumer
analysis, market analysis, competitor analysis and company
analysis.
PMC-MMMarkman-MODULE 1 Page 2 of 6
purpose is to generate new ideas, then qualitative research
techniques can be used.
Key Concepts:
3 Read Unit 3, pages 65-77, of the main reference e-book. In the process, Answer each of the questions
you should be able to: using an infographic. Submit
PMC-MMMarkman-MODULE 1 Page 3 of 6
Consumer Markets and via private chat message or via
Consumer Buying ➢ identify different types of consumer markets email –
Behavior ➢ describe different types of consumers and their behavior rpsalazaracadbcas@gmail.com
➢ define consumer behavior and state its features
➢ discuss the consumer decision making process Discuss any two situations that
➢ explain the factors that affect consumer’s behavior show the influence of
culture/sub-culture on
Key Unit Takeaways: consumer purchase behavior.
✓ Consumer Behavior is the study of why, how, what, where, and
how often do consumers buy and consume different products and Do you think that changing
services. It tries to understand the process followed by consumers status of women in society has
in making product and brand choices. brought about changes in the
family decision process?
✓ The consumers follow a decision process characterized by Substantiate your answer.
problem recognition, information search, alternative evaluation,
purchase decision and post-purchase behavior. Consumers also
play various roles in the purchase process, namely the role of
initiator, influencer, gate-keeper, decider, buyer, user, preparer,
maintainer and disposer in the context of a purchase decision.
✓ Sub culture, social class, nationality and religion are some of the
cultural issues influencing the decision making process. The social
factors include family, reference group, roles and status of
individual customer in influencing his consumption behavior.
Consumers differ from one another in terms of their sex, age,
education, income, family life-cycle stage, personality and lifestyle
and other personal characteristics, which influence their buying
behavior.
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✓ The needs of elderly consumers are different from those of young
consumers. Newly married couples have needs, which are totally
different from older retired married couples.
✓ Therefore, the marketer must know more and more about the
consumer so that the products can be produced in such a fashion
as to give satisfaction to them. The government also plays a vital
role in protecting the interest and rights of the consumers.
Key Concepts
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✓ PERSONALITY: The person’s distinguishing psychological
characteristics that lead to relatively consistent responses to his
or her own environment.
Prepared by:
Checked by:
Noted by:
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