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Artículo I. Contenido
2. According to the text, mention the things people take into account to
determine the demand.
a. Tastes or preferences.
Consumers may demand for an item one year and ignore it the next.
b. Number of consumers
A large quantity of buyers carries to an increase in demand; a small quantity of
buyers carries to a decrease (Franny Chan website).
c. Income
When income rises, the quantity demanded will rise too. When income falls, the
demand of that product will fall too (Franny Chan website).
d. Consumer expectations
Purchasers are interested in satisfying their consumption regarding quality as the
most important factor. Likewise, the lead price has an effect on the potential
increase of the consumer´s final decision.
e. Price of related goods
SERVICIO NACIONAL DE APRENDIZAJE SENA
TECNOLOGO EN GESTION DE MERCADOS
There are two kinds of related goods that can affect the demand: substitutes (for
example, butter and margarine) and complementary (toys and batteries).
1. Planning
It is the plan for running the benchmarking investigation.
2. Analysis
After analyzing the information, it obtains a basis for comparison.
3. Integration
Develop aims and incorporate them into the benchmarked process.
4. Action
It refers to the action plans necessary to achieve the objectives decided in step 3.
5. Write the vocabulary (20 words) from the reading, and make a Glossary:
Organize the words in alphabetic order and write the meaning of each word.
http://www.businessdictionary.com/definition/benchmarking.
html
3 Demand Demand in economics is the consumer's desire and ability to
purchase a good or service. It's the underlying force that
drives economic growth and expansion. Without demand, no
business would ever bother producing anything.
4 Featured displayed, advertised, or presented as a special attraction
5 High-priced expensive; costly:
SERVICIO NACIONAL DE APRENDIZAJE SENA
TECNOLOGO EN GESTION DE MERCADOS
6 Life Cycle the series of stages in form and functional activity through
which an organism passes between successive recurrences
of a specified primary stage
7 Location position or site occupied or available for occupancy or
marked by some distinguishing feature : SITUATION
8 Maketin A marketing strategy is a business's overall game plan for
strategy reaching people and turning them into customers of the
product or service that the business provides. The marketing
strategy of a company contains the company’s value
proposition, key marketing messages, information on the
target customer and other high-level elements. Read more:
Marketing Strategy Definition | Investopedia
https://www.investopedia.com/terms/m/marketing-
strategy.asp#ixzz5SSvckqU0
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9 Mass-market sold through such retail outlets as supermarkets and
drugstores as well as through bookstores
10 Packaging
2. Practice of combining several related goods or services
into a single offer. See also bundling.
http://www.businessdictionary.com/definition/packaging.html
11 Partner The legal relationship between two parties, having specific
rights and responsibilities as a common company.
12 Passion Emotion, feelings. The emotions as distinguished from
reason, a strong taste or devotion for some activity
13 Planimetry
14 Planning To transform and develop marketing objectives to marketing
strategies.
15 Presentation It refers to the performances of presenting any of the 9P’s to
your suppliers, customers, clients, or partners. A descriptive
or persuasive account (Set forth for the attention of mind).
16 Price It´s is the amount a customer pays for the product. it
SERVICIO NACIONAL DE APRENDIZAJE SENA
TECNOLOGO EN GESTION DE MERCADOS
6. Write a ten lines text that summarizes the topic of the activity.
Robert Dinozzi is a Hollywood movie producer, his greatest movie is "flight plan",
which was filmed in 2005. Together with his friend, who is a software developer,
and seeing that many people do not have time to write an event of calendar on
their iPhone, they created an application called “voicecall” that allowed adding
events to the phone's calendar with only voice commands, which saves time for
busy users, the applications work properly hands-free.
An example of the use of “voicecal” is for the calendar and say “Friday, pick up
clothes at 4 in the afternoon”. This immediately adds the event to the calendar, if
you need to add more than one event, you must say the word "also" between each
event.
Robert says that the key to the success of applications, as for a movie, is in the
"word of mouth"
Video:
Supply and demand
These two concepts are important and are directly related:
Demand: is the dispositionto offer products, it must take into account:
Tastes or preferences
SERVICIO NACIONAL DE APRENDIZAJE SENA
TECNOLOGO EN GESTION DE MERCADOS
Number of consumers
Income
Consumer expectations
Price of related goods
Supply: the desire to buy any product, it must take into account:
Price of goods
Production cots
Bussiness objetives
Marketing mix