Narrative report about techniques in identifying customers\ needs and wants

CONSUMERS’ NEEDS AND WANTSConsumer wants and needs should be consider in marketing which is a need is a consumersdesire for a product or services specific benefit and a want is a desire that are not necessary but whichconsumer wish for.There are five step process that consumers can go through in making a purchase decision itincludes need recognition, information research, evaluate of alternatives, purchase and post purchase.Before starting to promote a business you need to know what your customer wants and why.Good customer research helps you to convince your customers that they need your products andservices.TECHNIQUES IN IDENTIFYING CUSTOMERS’ NEEDS AND WANTS In customer research, your first step would be identifying your customers in order to developmore detailed pictures of them and understand how to target them.Once you identified them, you can find out what motivates them to buy products and services.

Create a narrative report about customers needs and wants, techniques in identifying customers needs and wants, creativity or innovations in products and services, unique selling preposition, and product development

Narrative report about techniques in identifying customers needs and wants

Q: Read the following text, and then write a brief heading for each and every section:…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1) ............ is simplicity and ease of pronunciation and spelling. Select one: O a. Brand…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Compared to convenience products, shopping products are _______.   a. found in fewer stores   b.…

A: Option C

Q: Product may be a good, service, or just an idea. A product is "all things offered to a market."…

A: Answer is option D Muscat securities market.

Q: Specialty products require a lot of advertising, personal selling, and other marketing efforts. O…

A: Specialty products are those products for which not much marketing efforts are required.

Q: Which of the following marketing mix elements deal with maintaining brand loyalty and providing…

A: answer is option: A  relationship marketing

Q: Did the promotion attract new customers or more purchasing from current customers?

A: In organization products are introduced as per the requirements and needs of consumers. Every…

Q: (a) Outline the selling approach to marketing. (b) Clarify why a manager would establish market…

A: Selling approach is one of the common approach to marketing. The other approaches are production…

Q: What kind of value proposition should we have for a new business? For (target customer) Who…

A: A marketing strategy can be defined as a plan formulated by a company to use its limited resources…

Q: LET US APPLY WHAT YOU HAVE LEARNED Pretend that your company has been making and selling one product…

A: The value proposition is the solution offered by the company on the customer's problem. For this,…

Q: 21 __________ is the amount of money customers must pay to obtain the product. Select one: a. price…

A: The price is a part of the value exchange that occurs between the company and the customer. It is…

Q: Which one not create the value? A-price B-product C-distribution D-promotion

A: Option A

Q: At the very least, the identifies the product or brand. It might also describe several things about…

A: Let us first discuss briefly about the above mentioned  Line extension: A product line extension is…

Q: 1) Brand elements should inherently be memorable and attention- getting and therefore facilitate…

A: Brand elements can be explained as the features or elements of the brand that are used for…

Q: Write Short Notes on: A.      Brand as search cost reducer B.      Brand as promise, bond or pact…

A: A brand can be in the form of a specific name, particular design, or a certain term which makes it…

Q: 1) Criteria for choosing brand elements are........... Select one: O a. All the options O b.…

A: Brand image have an aesthetic and marketing appeal to the consumers due to its reputation and…

Q: 1) Brand Equity is ........ Select one: O a. All the options O b. Low price O c. Value addition…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: In what element of the marketing mix lie the benefits that the consumer gets? a. Pricing. b. The…

A: Marketing mix is a combination of four elements product price place and promotion for the product…

Q: Specialty products require a lot of advertising, personal selling, and other marketing efforts. *…

A: The customer is the person who purchases products and services from the company. Consumers act as…

Q: Consumers are called upon to offer their comments on the precise written description of___. a.…

A: When a company wants to produce a new product, the company follows a specific process. In the new…

Q: Chapter 9 discusses conditioning as a form of learning. Several brands of meal kits offer free…

A: Classical conditioning in marketing refers to pairing of two stimulus. It is done in a manner that…

Q: The target audience

A: Nowadays most people are addicted to social media and other platforms in smartphones, now we have to…

Q: When asked about their preferred brand of instant noodles outside a supermarket setting, customers…

A: The objective for Nissin's marketing communication: The main objective for any company is to build…

Q: What comes to your mind when you listen the word Frutika Juice? Does the taste of Frutika Juice…

A: Marketing is the activity to build customer for the business. It includes various practices like…

Q: Chip-N-Dough Cookie Company will let you select cookies and put a photo of yourself on the tin. This…

A: Option A. mass customization is the correct option.

Q: Discuss other existing products that have created new life for the product by embracing Internet,…

A: With the rapidly changing world of technology, the marketing industry has seen a lot of evolution.…

Q: include company activities that make the product available to target consumers. O a. Place O b.…

A: The correct option is option a. Place.Place includes company activities that make the product…

Q: A company makes TVs, Washing machines, refrigerators ad microwave ovens. The length of this product…

A: Product line length refers to the total number of products which are sold within a particular line…

Q: What are the traditional approach to pricing a) Marketing b) Cost-plus c) market based d)Value based

A: MARKETING: Marketing is the process through which a corporation promotes the purchase or sale of a…

Q: What is the definition of marketing?Single choice.     a. a philosophy that stresses customer…

A: In every business organization or marketing organization, there are various products, commodities,…

Q: In a recent meeting with the CEO of your organization, your CEO said that marketing department shall…

A: According to the CEO, marketing department shall focus on that element of marketing mix which…

Q: Different modern sales approaches are used by organizations, while giving brief explanation of each…

A: The sales approach is the bit-by-bit suggestion created by a sales individual or an organization to…

Q: What is the most noticeable technical aspect of the brand in terms of design, label, the texture of…

A: 3.)The most noticeable technical aspect of the Colgate toothpaste brand is its red, blue, and white…

Q: Sales agents have different selling strategies, depending on the type of relationship the buyer and…

A: All marketers are interested in developing stronger relationships with large customers.A…

Q: Give an example of service advertisements that reflect each of Legg and Baker's forms of interactive…

A: Service advertisements are prototype advertisements that allow us to focus on the core value…

Q: Since, you are an MIS major graduate, you suggest your company to get a New Video-Conferencing…

A: What is Database Design? Database Design is a collection of cycles that work with the planning,…

Q: For a market-oriented organization, what is the primary tool used to achieve its goals? O a.…

A: There are many offerings of products and services by organizations in a business environment. The…

Q: AD Link https://www.youtube.com/watch?v=J-WcRAnEokk&feature=youtu.be 1. See the above ads and…

A: The brand advertisement focuses on building long-term relationships with the customers. It tries to…

Q: If a company is positioning their product against a company who serves the same target market, what…

A: Answer is option D : competitor based

Q: __________ REFERS TO MULTIPLE UNRELATED GROUPS OF CUSTOMER SEGMENTS WITH VERY DIFFERENT NEEDS AND…

A: The concept of diversified market is related to multiple unrelated groups of segments of customers,…

Q: 18. Which of the following allows firms to contact customers directly to inform them about products…

A: A distribution channel signifies intermediaries or businesses by which the target customer buys a…

Knowledge Booster

Narrative report about techniques in identifying customers needs and wants

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

  • SEE MORE QUESTIONS

Recommended textbooks for you

  • Practical Management Science

    ISBN:9781337406659

    Author:WINSTON, Wayne L.

    Publisher:Cengage,

    Operations Management

    ISBN:9781259667473

    Author:William J Stevenson

    Publisher:McGraw-Hill Education

    Operations and Supply Chain Management (Mcgraw-hi...

    ISBN:9781259666100

    Author:F. Robert Jacobs, Richard B Chase

    Publisher:McGraw-Hill Education

  • Business in Action

    ISBN:9780135198100

    Author:BOVEE

    Publisher:PEARSON CO

    Purchasing and Supply Chain Management

    ISBN:9781285869681

    Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

    Publisher:Cengage Learning

    Production and Operations Analysis, Seventh Editi...

    ISBN:9781478623069

    Author:Steven Nahmias, Tava Lennon Olsen

    Publisher:Waveland Press, Inc.

  • Practical Management Science

    ISBN:9781337406659

    Author:WINSTON, Wayne L.

    Publisher:Cengage,

    Operations Management

    ISBN:9781259667473

    Author:William J Stevenson

    Publisher:McGraw-Hill Education

    Operations and Supply Chain Management (Mcgraw-hi...

    ISBN:9781259666100

    Author:F. Robert Jacobs, Richard B Chase

    Publisher:McGraw-Hill Education

    Business in Action

    ISBN:9780135198100

    Author:BOVEE

    Publisher:PEARSON CO

    Purchasing and Supply Chain Management

    ISBN:9781285869681

    Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

    Publisher:Cengage Learning

    Production and Operations Analysis, Seventh Editi...

    ISBN:9781478623069

    Author:Steven Nahmias, Tava Lennon Olsen

    Publisher:Waveland Press, Inc.

    What is the techniques in identifying customers needs and wants?

    The best way to identify their needs is to take an organized approach. Some refer to this as a customer needs analysis, which provides you with valuable insights about your target audience. Common methods for discovering what customers want include focus groups, social listening, and keyword research.

    Why do we need to identify the needs of our customers?

    Correctly identifying customers' needs is essential for ensuring customer satisfaction and loyalty. If you fail to properly identify customers' needs, or if you are indifferent to their needs, they will take their business elsewhere. Customers have unique needs.