Question

In: Economics

When designing the marketing channel what do marketers take into consideration?

When designing the marketing channel what do marketers take into consideration?

Solutions

Expert Solution

Developing a marketing channel program includes considerations such as evaluating consumer expectations, setting channel targets, defining major channel alternatives and determining major channel alternatives.

Providing higher service levels reflects low channel costs and higher market prices. The dominance of discount resellers (online and offline) suggests that if they can save money many customers can tolerate lower outputs. Another factor in developing a marketing channel program is that in terms of targeted service performance levels, marketers have to announce their channel objectives. Channel organizations should organize their functional activities under competitive conditions to reduce overall channel costs, and still deliver optimal service production rates. In general, planners should consider many segments of the market that want specific rates of service. Effective planning must decide which segments of the market to represent and the best channels for each.

Companies should consider marketing platforms which are innovative. Number of intermediaries means that businesses will follow one of three approaches to choose the intermediaries to use: exclusive, limited, or intense distribution. Exclusive distribution means the number of intermediaries is severely limited. Selective distribution relies on more than a few intermediaries who are willing to bring a specific product. Through concentrated marketing, the producer brings as many channels as possible into the goods or services.

To maximize profit, companies need to efficiently control their marketing channel. Marketing channel management refers to the process by which the marketing channel is evaluated, prepared, coordinated, and managed. Two specific events occur in marketing system. One is the actual delivery system and the other is marketing target management. Marketing channel management includes all marketing mix functions that include commodity, quality, physical delivery, system and people.

In sum up, the source of the consumer is medium by commodity moving from the raw material to the costumer. It is necessary to understand consumer needs when designing the market channel. The marketing channel management role lies with marketing and sales managers. Such individuals are closely associated with representatives of networks and the rivals of the company. We are well versed in seeking useful knowledge for successful management decisions. Gathering relevant information is imperative for coordinating the marketing channel. This assists in writing accurate and comprehensive analysis of consumer profile. Most of the marketing networks are produced with one or more manufacturer-consumer intermediaries.


Related Solutions

What factors does a cosmetics company need to consider when designing its marketing channel for a...
What factors does a cosmetics company need to consider when designing its marketing channel for a new low-priced line of cosmetics? * I also need a reference for this answer.
What factors does a cosmetics company need to consider when designing its marketing channel for a...
What factors does a cosmetics company need to consider when designing its marketing channel for a new low-priced line of cosmetics? Explain each one. *I need the reference of this answer.
4. Why do marketers take the time and cost associated with test marketing?
4. Why do marketers take the time and cost associated with test marketing?
what three factors should be considered when designing a market channel
what three factors should be considered when designing a market channel
when designing a rigid channel carrying low sediment water, what 2 requirements do you need to...
when designing a rigid channel carrying low sediment water, what 2 requirements do you need to meet and what are you trying to avoid in these requirement
what is meant by a marketing channel ?
what is meant by a marketing channel ?
There are many issues that researchers require consideration when designing market research.
There are many issues that researchers require consideration when designing market research. Using an internet search engine of your choice, list and discuss five (5) issues that require consideration. (Must provide 2 references, there should be at least one academic reference and one non-academic to justify your answer). (At least 200 words)
When you take the uneasy race relations in USA into consideration, do you think that the...
When you take the uneasy race relations in USA into consideration, do you think that the political executive and assembly in USA can fulfill the institutional roles assigned to them? Why? Why not? (Be sure that your answer includes a detailed explaination of the functions of both institutions)
What do Marketers Do? 1.Analyse how the key elements of the marketing mix contribute to an...
What do Marketers Do? 1.Analyse how the key elements of the marketing mix contribute to an organisation's marketing strategy 2. Compare alternative theories of consumer behaviour and contrast how they influence marketing activities
What is a marketing channel and what functions do these channels provide? How do companies select,...
What is a marketing channel and what functions do these channels provide? How do companies select, motivate and evaluate channel members?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT