What is the differences between industrial and consumer markets?

What is the differences between industrial and consumer markets?
by

1 Answer

Answer :

The main difference between consumer and industrial marketing isthe difference in size. Industrial demands are much bigger, somarketing has to be much broader.
by
selected by

Related questions

Which one of the following statements relating to the differences between industrial and consumer marketing is FALSE? A)Distribution channels tend to be shorter for industrial products than for many consumer products B)The emphasis placed on the various promotion mix ingredients are often different for industrial and consumer products. C)The number of legal and economic constraints placed on pricing is roughly the same for industrial and consumer products.

Description : Which one of the following statements relating to the differences between industrial and consumer marketing is FALSE? A)Distribution channels tend to be shorter for industrial products than for ... and economic constraints placed on pricing is roughly the same for industrial and consumer products

Last Answer : C)The number of legal and economic constraints placed on pricing is roughly the same for industrial and consumer products

Regulated markets aim at the development of the marketing structure to - (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer and the consumer (3) increase the non-functional margins of the traders (4) maximize the non-functional margins of the commission agents

Description : Regulated markets aim at the development of the marketing structure to - (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer ... non-functional margins of the traders (4) maximize the non-functional margins of the commission agents

Last Answer : (2) narrow down the price spread between the producer and the consumer Explanation: Regulated markets aim at the development of marketing structures to ensure remunerative prices to the producers and to ... the consumer. It also aims at reducing the non-functional margins of the commission agents.

Classification of products into goods, services, and ideas is determined by the : 1. Degree of labour intensiveness 2. Type of markets 3. Dominant component 4. Skill of the service provider 5. Degree of consumer contact

Description : Classification of products into goods, services, and ideas is determined by the : 1. Degree of labour intensiveness 2. Type of markets 3. Dominant component 4. Skill of the service provider 5. Degree of consumer contact

Last Answer : Dominant componen

Buying goods and services for further processing or for use in the production process refer to which of the following markets? A Consumer markets B. Government markets C. Business markets D. International markets

Description : Buying goods and services for further processing or for use in the production process refer to which of the following markets? A Consumer markets B. Government markets C. Business markets D. International markets

Last Answer : C. Business markets

The major segmentation variables for consumer markets, refers to which of the following? A. Geographic, density, psychographic, behavioral B. Gender, demographic, psychographic, lifestyle C. Geographic, demographic, psychographic, behavioral D. None of the above

Description : The major segmentation variables for consumer markets, refers to which of the following? A. Geographic, density, psychographic, behavioral B. Gender, demographic, psychographic, lifestyle C. Geographic, demographic, psychographic, behavioral D. None of the above

Last Answer : C. Geographic, demographic, psychographic, behavioral

In the UK wholesaling is not as important in consumer markets. This is MAINLY because: A)manufacturers prefer to deal direct with retailers B)of the strength of large national retailers C)wholesaling costs are higher in the UK than elsewhere D)UK wholesalers provide a more limited range of services than in other European markets.

Description : In the UK wholesaling is not as important in consumer markets. This is MAINLY because: A)manufacturers prefer to deal direct with retailers B)of the strength of large national retailers C) ... elsewhere D)UK wholesalers provide a more limited range of services than in other European markets.

Last Answer : B)of the strength of large national retailers

Classification of products into goods, services, and ideas is determined by the: A)degree of labour intensiveness. B)type of markets. C)dominant component. D)skill of the service provider. E)degree of consumer contact.

Description : Classification of products into goods, services, and ideas is determined by the: A)degree of labour intensiveness. B)type of markets. C)dominant component. D)skill of the service provider. E)degree of consumer contact.

Last Answer : C)dominant component.

The major factors used to divide markets into consumer markets or organisational markets are the A)buyer characteristics and size of purchases. B)product prices and buyer characteristics C)buyer characteristics and the purposes for which they buy products. D)buyer characteristics and product characteristics. E)buyers characteristics and the frequency of purchases.

Description : The major factors used to divide markets into consumer markets or organisational markets are the A)buyer characteristics and size of purchases. B)product prices and buyer ... )buyer characteristics and product characteristics. E)buyers characteristics and the frequency of purchases.

Last Answer : C)buyer characteristics and the purposes for which they buy products

Regulated markets aim at the development of the marketing structure to (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer and the consumer (3) increase the non-functional margins of the traders (4) maximise the non-functional margins of the commission agents

Description : Regulated markets aim at the development of the marketing structure to (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer and ... non-functional margins of the traders (4) maximise the non-functional margins of the commission agents

Last Answer :  narrow down the price spread between the producer and the consumer

Del Monte markets ketchup for household use to supermarkets through grocery wholesalers, and it markets ketchup for institutional use through industrial distributors and food brokers. Del Monte is using A)dual distribution. B)industrial distribution. C)strategic channel alliance. D)supply chain management. E)an unethical marketing channel.

Description : Del Monte markets ketchup for household use to supermarkets through grocery wholesalers, and it markets ketchup for institutional use through industrial distributors and food brokers. Del Monte is using ... . C)strategic channel alliance. D)supply chain management. E)an unethical marketing channel.

Last Answer : A)dual distribution.

nelastic demand in industrial markets refers to a situation where A)demand for a given product fluctuates very little over time. B)price increases or decreases will not significantly alter demand for a given product. C)demand for a given product fluctuates wildly over time. D)the demand for one product depends heavily on the demand for another product. E)supply for a given product cannot keep up with the demand for it.

Description : nelastic demand in industrial markets refers to a situation where A)demand for a given product fluctuates very little over time. B)price increases or decreases will not significantly alter demand for a ... for another product. E)supply for a given product cannot keep up with the demand for it.

Last Answer : )price increases or decreases will not significantly alter demand for a given product.

What are the similarities and differences between how both producers and consumer use money?

Description : What are the similarities and differences between how both producers and consumer use money?

Last Answer : Feel Free to Answer

The highly involved consumer buying behavior while perceiving significant differences between brands is called A. complex buoying behavior B. variety seeking buying behavior C. dissonance reducing buying behavior D. habitual buying behaviou

Description : The highly involved consumer buying behavior while perceiving significant differences between brands is called A. complex buoying behavior B. variety seeking buying behavior C. dissonance reducing buying behavior D. habitual buying behaviou

Last Answer : A. complex buoying behavior

________ behavior Highly involved consumer buying behavior while perceiving significant differences between brands A.complex behavior B.variety seeking behavior C.dissonance reducing behavior D.habitual behavior Answer: A

Description : ________ behavior Highly involved consumer buying behavior while perceiving significant differences between brands A.complex behavior B.variety seeking behavior C.dissonance reducing behavior D.habitual behavior Answer: A

Last Answer : A.complex behavior

What is the factor that determines whether a product is classified as a consumer product or an industrial product?

Description : What is the factor that determines whether a product is classified as a consumer product or an industrial product?

Last Answer : Need answer

Which of the following brings out the 'Consumer Price Index Number' for Industrial workers? (1) RBI (2) The Labour Bureau (3) Commerce Department (4) NITI Aayog

Description : Which of the following brings out the 'Consumer Price Index Number' for Industrial workers? (1) RBI (2) The Labour Bureau (3) Commerce Department (4) NITI Aayog

Last Answer : (2) The Labour Bureau Explanation: The Consumer Price Index Numbers for Industrial Workers CPI (IW) are being compiled, maintained and disseminated by the Labour Bureau since its inception in October, 1946. ... of the economy. These index numbers are compiled by the Bureau on month to month basis.

Dumping can be defined as 1. Throwing away consumer goods without destroying them 2. Buying industrial waste under sea 3. Throwing Radioactive waste in other countries 4. The sale of goods by a foreign supplier at a price below a native supplier's prices 5. None of these

Description : Dumping can be defined as 1. Throwing away consumer goods without destroying them 2. Buying industrial waste under sea 3. Throwing Radioactive waste in other countries 4. The sale of goods by a foreign supplier at a price below a native supplier's prices 5. None of these

Last Answer : The sale of goods by a foreign supplier at a price below a native supplier's prices

Nationally distributed consumer convenience products such as cigarettes are MOSt likely distributed through which of the following channels ? 1. Producers - Consumers 2. Producer - Agents - Wholesalers - Retailers - Consumers 3. Producer - Wholesalers - Consumers 4. Producer - Wholesalers - Retailers - Consumers 5. Producer - Industrial Distributor - Wholesalers - Retailers – Consumers

Description : Nationally distributed consumer convenience products such as cigarettes are MOSt likely distributed through which of the following channels ? 1. Producers - Consumers 2. Producer - Agents - ... Retailers - Consumers 5. Producer - Industrial Distributor - Wholesalers - Retailers - Consumers

Last Answer : Producer - Wholesalers - Retailers - Consumers

Marketers should view packaging as a major strategic tool, especially for 1. consumer convenience products 2. consumer shopping products 3. industrial products 4. specialty products 5. none of these

Description : Marketers should view packaging as a major strategic tool, especially for 1. consumer convenience products 2. consumer shopping products 3. industrial products 4. specialty products 5. none of these

Last Answer : consumer convenience products

A light bulb can be considered all of the following EXCEPT 1. a consumer product 2. a business to business product 3. either a consumer product or an industrial product 4. an industrial product if it is used to light an assembly line in a factory 5. a consumer product if it is used to light the office of the board of directors

Description : A light bulb can be considered all of the following EXCEPT 1. a consumer product 2. a business to business product 3. either a consumer product or an industrial product 4. an industrial product if it ... factory 5. a consumer product if it is used to light the office of the board of directors

Last Answer : a consumer product if it is used to light the office of the board of directors

___________ are products bought by individuals and organizations for further processing or for use in conducting a business ? 1. Consumer Products 2. Services 3. Industrial Products 4. Speciality Products 5. None of these

Description : ___________ are products bought by individuals and organizations for further processing or for use in conducting a business ? 1. Consumer Products 2. Services 3. Industrial Products 4. Speciality Products 5. None of these

Last Answer : Industrial Products

Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.

Description : Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.

Last Answer : C)complexity and variability.

6) Nationally distributed consumer convenience products such as cigarettes are MOST likely distributed through which of the following channels? A)Producer, consumers B)Producer, agents, wholesalers, retailers, consumers C)Producer, wholesalers, consumers D)Producer, wholesalers, retailers, consumers E)Producer, industrial distributor, wholesalers, retailers, consumers

Description : 6) Nationally distributed consumer convenience products such as cigarettes are MOST likely distributed through which of the following channels? A)Producer, consumers B)Producer, agents, ... , wholesalers, retailers, consumers E)Producer, industrial distributor, wholesalers, retailers, consumers

Last Answer : D)Producer, wholesalers, retailers, consumers

Marketers should view packaging as a major strategic tool, especially for A)consumer convenience products. B)consumer shopping products. C)industrial products. D)specialty products.

Description : Marketers should view packaging as a major strategic tool, especially for A)consumer convenience products. B)consumer shopping products. C)industrial products. D)specialty products.

Last Answer : A)consumer convenience products.

Duracell batteries are sold in multipacks to make it more convenient for the consumer who usually needs more than one battery at a time. Duracell batteries would be classified as which type of product? A)Convenience B)Shopping C)Specialty D)Unsought E)Industrial service

Description : Duracell batteries are sold in multipacks to make it more convenient for the consumer who usually needs more than one battery at a time. Duracell batteries would be classified as which type of product? A)Convenience B)Shopping C)Specialty D)Unsought E)Industrial service

Last Answer : A)Convenience

Alicia, a buyer for Nestle, buys carpeting for use in an office area. What determines whether this carpeting is a consumer or an industrial product? A)The price of the carpet B)The type of selling organisation C)The terms of the sale D)The buyer's intended use of the product E)Whether the carpet is a replacement item

Description : Alicia, a buyer for Nestle, buys carpeting for use in an office area. What determines whether this carpeting is a consumer or an industrial product? A)The price of the carpet B)The type of selling ... the sale D)The buyer's intended use of the product E)Whether the carpet is a replacement item

Last Answer : D)The buyer's intended use of the product

A light bulb can be considered all of the following EXCEPT A)a consumer product. B)an business-to-business product. C)either a consumer product or an industrial product. D)an industrial product if it is used to light an assembly line in a factory. E)a consumer product if it is used to light the office of the board of directors.

Description : A light bulb can be considered all of the following EXCEPT A)a consumer product. B)an business-to-business product. C)either a consumer product or an industrial product. D)an industrial product if it ... factory. E)a consumer product if it is used to light the office of the board of directors.

Last Answer : E)a consumer product if it is used to light the office of the board of directors.

Which of the following brings out the ‘Consumer Price Index Number’ for Industrial workers? (1) RBI (2) The Labour Bureau (3) Commerce Department (4) NITI Aayog

Description : Which of the following brings out the ‘Consumer Price Index Number’ for Industrial workers? (1) RBI (2) The Labour Bureau (3) Commerce Department (4) NITI Aayog

Last Answer : The Labour Bureau

An industrial consumer hall a daily load pattern of 2000 KW, 0.8 lag for...

Description : An industrial consumer hall a daily load pattern of 2000 KW, 0.8 lag for 12 Hra and 1000 kW UPF for 1J Hr. The load factor i= _____. 

Last Answer : An industrial consumer hall a daily load pattern of 2000 KW, 0.8 lag for 12 Hra and 1000 kW UPF for 1J Hr. The load factor i= 0.6 .