Marketing 300- Final Exam Ch. 6

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Business Marketing (B2B)

________ is the marketing of goods and services to companies, governements, or non-for-profit organizations for use in the creation of goods and services that they can produce and market to others.

Organizational Buyers

_______ are those manufacturers, wholesalers, retailers, and governement agencies that buy goods and services for their own use or for resale.
INclude all buyers in a nation except ultimate consumer.
Ex: Organizations buy computers and telephone services for their own use.

Manufacturing Firms

_______ buy raw materials and parts that they reprocess into finished goods that they sell

Service Firms

______ sell diverse services such as legal advice, auto repair, and dry cleaning. Along with finance, insurance, and real estate businesses, and transportation, communication, public utility firms, and not-for-profit organizations, _______ represent about 75% of all industrial firms.

Retailers

_______ resell the goods they buy without reprocessing them.

Wholesalers

Also a "reseller," ________ buy physical products and resell them again without any reprocessing.

Government Markets

________ are the federal, state, and local agencies that buy goods and servieces for the constituents they serve

Characteristics of Organizational Buying

1. Market Characterisitcs
2. Product or Service Characteristics
3. Buying Process Characteristics
4. Marketing Mix Characterisitcs

Organizational Buying Objectives

Increasing profits, Efficiency, Woman/Minority Suppliers/Vendors, Enviornmental Initiatives

Supplier Development

Involves the deliberate effort by organizational buyers to build relationships that shape suppliers' products, services, and capabilities to fit a buyer's needs and those of its customers.

Buy Classes

The Three types of buying situations:
1. New Buy - organization is a first time buyer of the product or srevice, involves greater potential risk.
2. Straight Rebuy - the buyer or purchasing manager reorders an existing product or service from the list of acceptable suppliers, probably without even checking with users or influencers
3. Modified Rebuy - The users, influencers, or deciders in the buying center want to change the product specifications, price, delivery, schedule, or supplier.

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