Basic Marketing
There are at least three reasons why some customers are not satisfied with the products of certain firms and why micromarketing on the part of a production-oriented company that is inefficient can cost too much. One is that a firm focusing on micromarketing faces the challenge of producing a wide variety of goods or services to a large number of specific and small markets. If such company is inefficient and focuses mostly on production, it will be unable to produce quality goods and services.
As a result, its ability to meet the expectations of its specific clients will be direly affected, thereby decreasing the satisfaction of the customers in the long run. Another reason is that a firm that faces the challenge of producing more goods than what it initially believes it can produce requires more of the raw materials it needs in order to meet that higher target. If the company is inefficient in producing such quantity and quality of goods, it is highly likely that the goods produced will lack the basic quality standards.
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In order to compensate for the inefficiency in the production of such goods, the firm will be most likely forced to reproduce or repair some of its finished products, increasing expenses in the end. Lastly, customers are not satisfied with certain firms that are inefficient in the micromarketing field because such firms lack the ability to focus on the various goods and services that they offer due to multiple markets. 2.
Technology impacts marketing environment including the opportunities, challenges and ethical issues that technology possesses. Technology greatly enhances the opportunities for firms because modern tools enable these companies to produce more and target a wider range of clients across geographical boundaries. The use of computers and efficient machines can also increase the efficiency of companies in the production of quality goods in larger quantities. The internet can also be a stronghold of these firms in advertising their products.
Technology also creates certain challenges for these companies, challenges such as harnessing the technology and using it to its fullest potential. Other challenges include competing with other companies using the same technological strategies in the same market and keeping updated with the recent marketing technologies. Lastly, technology also raises certain ethical issues such as the issue of whether it is morally sound for certain firms to replace human labor with machineries.
Another ethical issue is whether it is morally sound for companies to use technological tools in “spying” on the internal performance of their competitors in order to gain certain advantages. Moreover, technology also raises the ethical issue of whether it is morally fitting for firms to produce goods out of the technology available that can potentially bring harm to the buying public and to its competitors just to gain large profits.
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Basic Marketing. (2016, Jul 23). Retrieved from https://phdessay.com/basic-marketing/
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