New in Stock - Preliminary Exam Business Report Samples (Band 6 Exemplar)
The activities of marketing have changed over time:
Industrial Revolution—mass production.
Demand for goods was greater than supply.
Therefore, no real need for ‘marketing’ to attract sales. Everything made was sold without a sales team.
No consideration of customer in process.
More competition leading to sales pitch approach; tactics to persuade customer to purchase.
Investments in advertising. One way messaging. Make it and then 'hock' it approach.
Still no consideration for customer preferences or needs at front-end of process.
Customer preferences and needs factored into the design and delivery of each product / service offering.
Research used to determine needs / test consumer reactions / make adaptations to the product / service prior to production.
Completely customer-oriented. Integrated marketing plan centred upon customer satisfaction (leading to higher sales / profitability).
High levels of competition, forcing businesses to be more consultative in approach.