CHAPTER 2

Marketing Decisions and Models

As Paul Mazur very rightly described “Marketing’s role is delivery of standard of living to people in the society”. A simple marketing system may be as shown in Figure 2.1.

Fig. 2.1 A Simple Marketing System

TASKS AND GOALS

Marketing is essentially demand management. The task of marketer is to proact and react to the different demand situations. (Table 2.1)

 

Table 2.1 Types of Marketing

Situation Types of Marketing

Latent demand

Creative marketing

Unwholesome demand

Demarketing, Social marketing

Negative demand

Conversion marketing

No demand

Stimulational marketing

Regular demand

Aggressive ...

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