Question

In: Economics

Does marketing create needs - "forcing" people to buy trivial unnecessary products? Or does it simply...

Does marketing create needs - "forcing" people to buy trivial unnecessary products? Or does it simply sell us what we demand? "I consume, therefore, I am." Comment

Solutions

Expert Solution

Marketing effectiveness heavily relies on figuring out and analysing what needs and wants their future consumers have. In order to see what new desires and needs are developing and if there is anything that could make the lives of consumers simpler and more comfortable (not to be good, but to initiate a new product  service creation so that the business could gain more revenue in the long run), advertisers search the world.

If they are able to successfully incorporate the information they obtain from testing and data processing (sometimes it can not be as easy and involves guessing and experimentation), the market for products / services rises and everyone is satisfied. If not, well, they struggle and lose a great deal of cash.

Marketers do not create requirements, but they do create preferences. Marketing will affect what sort of car you purchase (e.g. ads), what you wear (e.g. influencer marketing) and where you go to eat (e.g. advertisements, coupons), at which institution you want to study (e.g. brochures, ratings, branding), etc.

Marketers are often preparing campaigns to boost profits or stimulate needs, causing end users to push them to consume services or goods that they don't need immediately at any point. So, how advertisers produce consumer needs:

Often consumers are not aware of the operation, but advertisers get the knowledge of the customer's taste in the original conversation and pitch them appropriately. Often, advertisers produce the customer's need by word of mouth references such that they refer consumers to other people in the job for certain fake commitments. Marketing teams also teach customers about their services / products to build demands.


Related Solutions

1. Marketing is criticized because it makes people buy unnecessary items. Please offer a rebuttal or...
1. Marketing is criticized because it makes people buy unnecessary items. Please offer a rebuttal or supportive view of this claim? 2. Explain the difference between customer market share and the value a company customer can bring throughout their life. Why is this concept important? 3. Discuss trends affecting marketing, and what does it mean for marketers to deliver to their customers?
what did justice scalia mean by forcing people to buy health insurance was akin to forcing...
what did justice scalia mean by forcing people to buy health insurance was akin to forcing them to buy broccoli
The Power of Marketing Marketers cannot create demand or make people buy things that they don’t...
The Power of Marketing Marketers cannot create demand or make people buy things that they don’t want or need. However marketing is designed to persuade, inform, and remind people about the availability, choices, features, and advantages associated with new and existing products/services. A friend of yours agrees with the following adage, “People don’t know what they want, they only want what they know.” Write a one-page paper expressing the extent to which you think marketers shape consumer wants, needs, and...
Services create special needs for the marketing mix. For each element of the marketing mix explain...
Services create special needs for the marketing mix. For each element of the marketing mix explain how the marketing mix needs to be adjusted for services.
One of the criticisms of marketing and advertising is that it causes people to buy more...
One of the criticisms of marketing and advertising is that it causes people to buy more than they can afford. Each year, a large number of people in the United States declare bankruptcy, often because they have overspent. Do you think that marketing and advertising causes people to buy more than they can afford, or are companies just responding to the materialistic desire of individuals? Defend your response. A minimum of 150 words or more
Discuss the statement “marketers don’t create needs; needs preexist marketers.” Can marketing efforts change consumers’ needs?...
Discuss the statement “marketers don’t create needs; needs preexist marketers.” Can marketing efforts change consumers’ needs? Why or why not? Can they arouse consumer needs? If yes, how?
Middletown Marketing wants to switch to QuickBooks Online and needs 3 people to access the data....
Middletown Marketing wants to switch to QuickBooks Online and needs 3 people to access the data. They would like to set up recurring billing for their retainer based clients. Based on this information, which QuickBooks Online product would be the best fit? A. QuickBooks Online Plus B. QuickBooks Self-Employed C. QuickBooks Online Essentials D. QuickBooks Online Simple Start E. None - QuickBooks Online does not support these features
A marketing company wants to know if people are more likely to buy gas between 5...
A marketing company wants to know if people are more likely to buy gas between 5 PM and 6 PM than 4 PM and 5 PM. Out of 96 cars driving by between 4 & 5, 72 stopped for gas. Out of 105 cars between 5 and 6, 90 stopped for gas. Out of 105 cars between 5 and 6, 90 stopped for gas. Using a one sided hypothesis test with a 90% confidence level, which of the following statements...
How does Apple Inc apply the 7 Ps of Marketing in marketing their products? • Product...
How does Apple Inc apply the 7 Ps of Marketing in marketing their products? • Product • Price • Place • Promotions • People • Physical evidence • Process
Reflect on the idea of product. What is a product? When people buy products, what are...
Reflect on the idea of product. What is a product? When people buy products, what are they really buying?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT