Preview

Customer Satisfaction Towards Catrol Engine Oil

Powerful Essays
Open Document
Open Document
11039 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Customer Satisfaction Towards Catrol Engine Oil
THEORETICAL BACK GROUND.

Market: Basically a market is a place where buyers and sellers gather exchange goods and services.

A market consists of all potential customers sharing a particular need or want that might be willing a able to engage in exchange to satisfy that need or want.

The size of the market depends upon the number of persons who exhibit the need have resources that interest others and are willing to offer these resources in exchange for what they want.

Marketing and marketing management: According to Philip Kotler marketing can be defined as “a social and managerial process by which individuals and group obtain what they need and want through creating, offering and exchanging products of value with others”.

“Core concepts of marketing”: The definition of marketing quote by Philip Kotler rests `on the following concepts .
Needs:
Marketing thinking starts with the feat of human needs and wants people need food, air, water, clothing and shelter to survive. Beyond this, people have a strong feeling of desire for recreation, education.

Introduction to marketing: As the 21st century is fast growing marketing becoming more and more attractive for the companies at state national and international levels. With the development of new market new technology of selling wide variety of consumer products has been designed and developed.

Electric fans, TV’s tape recorders/music systems and calculators have become a necessity in large majority of the households. Majority of the kitchen in Indian householders are filled with many new appliances making the kitchen work easier. All this has been made possible because of there development of marketing.

Today’s market is much smarter and price sensitive than before considering the consumer with more disposable income in his hands. He is empowered with more choice and purchasing power.

The consumer is the king

You May Also Find These Documents Helpful

  • Good Essays

    Macroeconomics Study Guide

    • 2232 Words
    • 9 Pages

    c) A market is any place where one can buy or sell a product or service without negotiating a price.…

    • 2232 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    6. What are markets? Markets are used to promote items and they also are for selling things to make a profit, or like stocks.…

    • 421 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    When people think about market, they either think of a supermarket where everything is stocked with a wide range of products from foods to cleaning supplies, or a neighborhood farmer’s market where retailers set up booths, tables or stands and sell fruits, vegetables, meat and sometimes prepared foods and beverages. Either way, when people talk about market, they think of a physical location. In economics terms, a market does not need to have a physical location. A market essentially means where there are buyers and sellers for a particular product, there is a market.…

    • 986 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Operational Definition

    • 400 Words
    • 2 Pages

    Market: a time when people buy and sell goods, food etc, or the place, usually outside or in a large building, where this happens.…

    • 400 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Market can be defined as an area where buyers and sellers meet and come in contact with each other by any means of communication in order to get information, exchange of various goods and services and are interested to do business. From this definition we may be traced out following four essentials which market has:…

    • 1585 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Trap-Ease America

    • 1251 Words
    • 6 Pages

    A market is the set of actual and possible buyers of a product or services and marketing involves the process by which…

    • 1251 Words
    • 6 Pages
    Good Essays
  • Good Essays

    * A market consists of all the consumers who share a common need that can be satisfied by a specific product and who have the resources, willingness, and authority to make a purchase…

    • 3475 Words
    • 14 Pages
    Good Essays
  • Good Essays

    Prices & Markets

    • 2497 Words
    • 10 Pages

    noun A collective term for the buyers and sellers of a good or service, and the institutions and arrangements by which they come together to trade. eg. As a result of the large number of farmers producing wheat, the market for grain is very competitive. ORIGIN Middle English, via Anglo-Norman French from…

    • 2497 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Business Ethics Ch 4

    • 1248 Words
    • 8 Pages

    Definition of Market • A forum in which people come together to exchange ownership of goods; a place where goods or services are bought and sold. Copyright © 2012 Pearson Education, Inc. All rights reserved.…

    • 1248 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    Fashion Marketing

    • 1327 Words
    • 6 Pages

    MARKET - A market is any place where goods, services or rights will be exchanged (normally for money).…

    • 1327 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Key Marketing strategies

    • 901 Words
    • 4 Pages

    seeks to provide information. Smith states that "a market is usually seen as a particular group of people who share some common characteristic, and it is the nature of that characteristic which defines the market.…

    • 901 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Notes of Economics

    • 4763 Words
    • 20 Pages

    A market is any place, physical or virtual, where the buyer and seller (of goods and services) meet.…

    • 4763 Words
    • 20 Pages
    Good Essays
  • Good Essays

    Microeconomics Terms

    • 563 Words
    • 3 Pages

    Market: Any effective arrangement for bringing buying and sellers together. Supply and demand meet and react in a market. Prices are established and buyers and sellers give signals.…

    • 563 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mr Peter W

    • 369 Words
    • 3 Pages

    Market – a group of buyers and sellers of a good or service and the institution or arrangement by which they come together or trade.…

    • 369 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Market: A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby businesses sell their goods, services and labor to people in exchange for money. Goods and services are sold using a legal tender such as fiat money. This activity forms part of the economy. It is an arrangement that allows buyers and sellers to exchange items. Competition is essential in markets, and separates market from trade. Two persons may trade, but it takes at least three persons to have a market, so that there is competition on at least one of its two sides. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded.…

    • 5014 Words
    • 21 Pages
    Powerful Essays

Related Topics