Institutional market -- a market segmentation term that refers to defining markets by the demographics of public and private institutions first, and often by purchasing role second. Role-based segmentation in institutional markets is often used to better understand the needs and preferences of customers. Modified rebuy -- a sourcing or procurement strategy relied on by organizations to purchase goods from different suppliers or to modify the product attributes to reflect the

In order to be known into the market place and as a new entrant, the company will provide its target market with an affordable cost while providing them a high quality products and services. The company will be given the customer and client a price that is lesser than its competitors so that the consumer will be enhanced to buy and patronize the Global Smart Card. Each card is

This he can do by engaging in extensive advertising, public relations, sales promotion, personal selling, internet marketing, and sponsorship. Depending on the resources available, the client can use any form of mass media that is within his means. He can also go for the services of public relation companies to obtain favorable publicity within the media. The client can also make use of money off coupons or special offers

Marketing Is About Service Encounter Concept of Marketing Marketing as an Organization-wide Philosophy Role of Marketing in Business Marketing Begins and Ends with the Customer Concept of Marketing Mix Impact of Globalization on Marketing What are Services Service Encounters: The Building Blocks for Customer Perceptions Impact of Globalization on Service Encounter The Importance of Encounters Marketing is about Service Encounter Concept of Marketing Marketing is all about managing strong relationship with customers. It is a process through which companies create value for their

This is why those service providers to other businesses often stress customer results in the core industries they compete in. These customer successes show the depth of expertise in a given area. These success stories make services tangible to customers. Marketing strategies used to support this approach include the widespread use of video and interactive online materials to show the problems solved and results delivered with a service. The

Marketing in the Contemporary Organizations The contemporary society is very dynamic and things change each passing day particularly propelled by the new inventions and technological improvements. There is provision for information to travel faster than it used to, hence posing a cut edge competitive environment for each organization. Each company that wants to remain relevant in the market must embrace techniques and trends that will enable it remain afloat and relevant,