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53
oriented, they focus on production of a few specific products – perhaps
few of these products are available on the market and competition is
not intense.
The marketing concept was first accepted by consumer products
companies such as General Electric and Procter & Gamble. Competition
was intense in some of their markets and trying to satisfy customers'
needs more fully was a way to compete effectively with rival products.
"Service" industries – including airlines, banks, investment
firms, lawyers, physicians, accountants, and insurance companies –
were slow to adopt the marketing concept. But this has changed dra-
matically in the last decade.
Banks used to be open for limited hours that were convenient
for bankers – not customers. Many closed during lunch hour. But now
financial services are less regulated, and banks compete with compa-
nies like AMERICAN EXPRESS for checking accounts and retire-
ment investments. The banks stay open longer, often during evenings
and on Sundays. They also offer more services for their customers –
automatic banking machines that take credit cards or a "personal
banker" to give financial advice. Most banks now aggressively adver-
tise their special services and even interest rates, so customers can
compare bank offerings.
_____________________________
1. (no business firm) can do without – ... не может обойтись
без...
2. marketing management outlook – взгляд на управление с
позиций маркетинга
3. retirement investments – пенсионные вклады
4. ... aggressively advertise ... – энергично и решительно рек-
ламируют...
Part 3. Marketing information systems (MIS) and market-
ing research
Successful planning of marketing strategies requires that mar-
keting managers (should) gather and analyze information they need to
make decisions. In some companies a marketing information system
(MIS) is set up by marketing specialists. To get better decisions some
54
MIS systems provide marketing managers with a decision support
system (DSS).
A DSS system is a computer program(me) that makes it easy for
a marketing manager to get and use information as he is making a
decision. Typically the DSS helps change raw data – like product sales
for the previous day – into more useful information. For example, it
may draw graphs on the computer monitor to show relationships in
data – perhaps comparing yesterday's sales to the sales on the same
day in the last four weeks.
Marketing information systems will become more widespread
as managers become more sensitive to the possibilities of these sys-
tems and computer costs continue to drop.
Many marketing managers are usually isolated in company of-
fices from potential customers. It is just not possible for managers to
keep up with all the changes taking place in their markets. It is really
important that they (should) rely on help from marketing research. In
fact, continued improvements in research methods are making market-
ing research information more dependable. Most large companies have
a separate marketing research department to plan and carry out re-
search projects.
Marketing research should be distinguished from market re-
search. The latter deals with the pattern of a market, it means studying
places or ways in which a company can sell a group of products of a
similar kind, what customers and prospects need or want from a com-
pany and its products. Marketing research deals with problems in-
volved in marketing a particular product.
Marketing research is very often based on getting information
by using surveys and interviews which are done by talking to respon-
dents. Another way of getting information from customers and pros-
pects is a questionnaire with questions written or printed on it. People
have to fill in (fill out – AmE) questionnaires.
When doing marketing research marketing specialists use com-
puters to draw graphs called "supply and demand curves" showing the
relation between the supply of a product (or a service) and its price on
the one hand and the relation between the demand for a product (or a
service) and its price on the other. These curves explain the very sim-
ple idea that when prices change, producers and consumers change
oriented, they focus on production of a few specific products – perhaps MIS systems provide marketing managers with a decision support few of these products are available on the market and competition is system (DSS). not intense. A DSS system is a computer program(me) that makes it easy for The marketing concept was first accepted by consumer products a marketing manager to get and use information as he is making a companies such as General Electric and Procter & Gamble. Competition decision. Typically the DSS helps change raw data – like product sales was intense in some of their markets and trying to satisfy customers' for the previous day – into more useful information. For example, it needs more fully was a way to compete effectively with rival products. may draw graphs on the computer monitor to show relationships in "Service" industries – including airlines, banks, investment data – perhaps comparing yesterday's sales to the sales on the same firms, lawyers, physicians, accountants, and insurance companies – day in the last four weeks. were slow to adopt the marketing concept. But this has changed dra- Marketing information systems will become more widespread matically in the last decade. as managers become more sensitive to the possibilities of these sys- Banks used to be open for limited hours that were convenient tems and computer costs continue to drop. for bankers – not customers. Many closed during lunch hour. But now Many marketing managers are usually isolated in company of- financial services are less regulated, and banks compete with compa- fices from potential customers. It is just not possible for managers to nies like AMERICAN EXPRESS for checking accounts and retire- keep up with all the changes taking place in their markets. It is really ment investments. The banks stay open longer, often during evenings important that they (should) rely on help from marketing research. In and on Sundays. They also offer more services for their customers – fact, continued improvements in research methods are making market- automatic banking machines that take credit cards or a "personal ing research information more dependable. Most large companies have banker" to give financial advice. Most banks now aggressively adver- a separate marketing research department to plan and carry out re- tise their special services and even interest rates, so customers can search projects. compare bank offerings. Marketing research should be distinguished from market re- _____________________________ search. The latter deals with the pattern of a market, it means studying 1. (no business firm) can do without – ... не может обойтись places or ways in which a company can sell a group of products of a без... similar kind, what customers and prospects need or want from a com- 2. marketing management outlook – взгляд на управление с pany and its products. Marketing research deals with problems in- позиций маркетинга volved in marketing a particular product. 3. retirement investments – пенсионные вклады Marketing research is very often based on getting information 4. ... aggressively advertise ... – энергично и решительно рек- by using surveys and interviews which are done by talking to respon- ламируют... dents. Another way of getting information from customers and pros- pects is a questionnaire with questions written or printed on it. People Part 3. Marketing information systems (MIS) and market- have to fill in (fill out – AmE) questionnaires. ing research When doing marketing research marketing specialists use com- Successful planning of marketing strategies requires that mar- puters to draw graphs called "supply and demand curves" showing the keting managers (should) gather and analyze information they need to relation between the supply of a product (or a service) and its price on make decisions. In some companies a marketing information system the one hand and the relation between the demand for a product (or a (MIS) is set up by marketing specialists. To get better decisions some service) and its price on the other. These curves explain the very sim- ple idea that when prices change, producers and consumers change 53 54
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