we know it today. The first mistake they made was putting the restaurant in a poor location. Their first year of business was a learning experience and a challenge. A year later they opened their second store after realizing that visibility and marketing were some of the key factors to success. Needless to say Subway restaurants have come to be very successful franchises. In 2012‚ Subway honored CHEMCO with the Social Responsibility Award. CHEMO provides hand soap and a variety of other cleaning
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Myopia‚ one of the more progressive eye conditions affecting children and adults‚ affects over a billion people in the world today‚ and that total is steadily rising.1 A particular optometry pioneer‚ Dr. Earl Smith III‚ OD‚ PhD‚ has worked diligently throughout his career to aid the children of myopic parents from developing the condition. Dr. Smith has made multiple important contributions to the field of optometry and continues to today at the University of Houston. His career began many years
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1 Marketing: Managing profitable customer relationships Marketing is the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return ( satisfying customer needs 2 goals of marketing: • Attract new customers • Keep and grow current customers by delivering satisfaction Marketing process: understand the marketplace and customer needs and wants ( design a customer-driven marketing strategy ( construct
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Mr. Liu has myopia. He has to wear his glasses every day. His vision is getting worse every day because of aging. Twenty years ago‚ Mr. Liu did not need to wear a pair of glasses. He could see things really clear. Now‚ Mr. Liu has to wear his glasses every day‚ so he can read his newspaper. Mr. Liu cannot hear really well‚ he needs people to talk to him really loud‚ so he can hear them. When Mr. Liu was young‚ he could even hear people whispering. Along with aging‚ sometimes Mr. Liu needs to wear
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This is a summary about key rules for viral marketing campaigns. Viral marketing is described as a strategy by means of which people are encouraged to pass on a marketing content to other people. Viral marketing consists of six elements: give away valuable products/services‚ ensure an effortless transfer to others‚ easy scale from small to large‚ exploit basic behaviors‚ make use of existing communication networks‚ and take advantage of others’ resources. The secrets of viral marketing are: getting
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Bland Marketing Leads to Sleepy Sales Do you want to increase your company’s revenue? Do you have the guts for it? If so‚ then marketing consultant Jon Spoelstra’s new book‚ Marketing Outrageously‚ has arrived to add drive to your game plan. A former president of the New Jersey Nets (who increased the team’s revenue by nearly 500 percent)‚ and author of such marketing guidebooks as Ice to the Eskimos and Success Is Just One Wish Away‚ Spoelstra offers an amazing array of examples‚ suggestions‚
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Summary Definition of Marketing Marketing is not manipulating consumers to get them to buy products they do not want and it is not just selling and advertising. Marketing is a group of activities designed to expedite transactions by creating‚ distributing‚ pricing‚ and promoting goods‚ services‚ and ideas. Marketing facilitates the exchange‚ the act of giving up one thing in return for something else. The central focus of marketing is to satisfy needs. (Example) People is willing to exchange
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A R T I C L E www.hbr.org BEST OF HBR 1960 Marketing Myopia by Theodore Levitt • NO DO copying or posting is an infringement of copyright. permissions@hbsp.harvard.edu or 617.783.7860 Product 7243 TC OP Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 Marketing Myopia 15 Further Reading A list of related materials‚ with annotations to guide further exploration of
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Summary chapter 3 The marketing environment is made up of a microenvironment and a macroenvironment. Micro environment Marketing management their job is to build strong relationships with customers by creating customer value and satisfaction. But marketing managers cannot do this alone. Marketing success will require building relationships with other company departments‚ suppliers ‚ marketing intermediaries ‚ customers ‚ competitors and various publics. The company Marketing managers must
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Yen Pham Summary for Journal of Consumer Research- Article “How Males and Females Differ in Their Likelihood of Transmitting Negative Word of Mouth” Word-of-mouth (WOM) is the informal communication by consumers about their evaluations of goods and services to other consumers. Negative WOM (NWOM)‚ typically arising from a dissatisfactory consumption experience. The given information the article found was that consumers may be more likely to transmit NWOM to those to whom they have strong ties
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