Which one of the following is not a marketing tactic used for designing customer value ?
Communication
Customer value is a crucial concept in marketing. It represents the perceived benefits a customer receives from a product or service minus the perceived costs. Marketing tactics are employed both to design this inherent value and to communicate it effectively to the target audience.
The question asks us to identify which of the listed options is *not* a marketing tactic primarily used for *designing* customer value. Let's examine each option:
Based on this analysis, Service, Brand, and Incentives are all tactics that directly influence the *design* of what the customer receives or perceives as value. Communication, on the other hand, is primarily about *presenting* and *explaining* that value.
| Marketing Tactic | Role in Designing Customer Value |
|---|---|
| Service | Directly impacts the quality of the offering and customer experience. |
| Communication | Primarily *communicates* and *shapes perception* of value. Does not design the core offering's value. |
| Brand | Adds perceived value through reputation, trust, and emotional connection. |
| Incentives | Adds tangible benefits or reduces costs, enhancing the value package. |
Therefore, Communication is the tactic among the given options that is least associated with the *design* of customer value itself, and more with its presentation and perception.
| Concept | Explanation |
|---|---|
| Customer Value | Perceived benefits − Perceived costs. |
| Marketing Tactic | Specific action or strategy used to achieve marketing objectives. |
| Value Design | Creating the features, quality, service, and overall offering that constitute customer value. |
| Value Communication | Informing customers about the value proposition and persuading them. |
Designing customer value involves decisions across various aspects of the marketing mix. These include:
Communication plays a vital supportive role by explaining how these elements come together to deliver superior customer value. Effective communication ensures that the designed value is understood and appreciated by the target market.
The essential conditions for price discrimination practice to succeed in a different markets are
A. Firms must have strong interdependence per se
B. Firm must have some control over the price of the product
C. Differentiated products and strong entry restrictions
D. Price elasticity of demand must differ in different markets
E. Markets for the products must be separable
Choose the correct answer from the options given below:
A salesperson who relies on creative methods for selling products and services is called:
Which of the following are the examples of need for status?
(A) Being in a position of authority over others
(B) Having executive privileges
(C) Participating in pleasant social activities
(D) Working for the right company in the right job
(E) Living in the right neighbourhood
Choose the most appropriate answer from the options below:
Marketing feasibility of any idea includes the following aspects :
(a) Current and future demand estimates
(b) Market segmentation and identification of target markets
(c) Competition analysis
(d) Market testing
Which of the following option are correct?
What is the correct sequence of steps involved in the master production schedule preparation?
(A) Obtaining the net requirement of materials
(B) Revising the preliminary master production schedule to accommodate the inadequacy of materials
(C) Obtaining the specification on required production
(D) Assessing the inventory in hand and on order
(E) Determining the gross requirements of materials using MRP
Choose the correct answer from the options given below: