Question

9) Sustainability Marketing:  The lecture slides discuss shifting from the 4Ps of the conventional marketing mix to...

9) Sustainability Marketing:  The lecture slides discuss shifting from the 4Ps of the conventional marketing mix to the 4Cs of the sustainability marketing mix. Identify the primary change this makes in the producer-consumer relationship and explain how this change alters the job of the marketer. >   

Homework Answers

Answer #1

Answer: The primary change that the shift of 4P’s to 4C’s makes to the producer consumer relationship is that the consumers are no more just the source of revenues for the producers but they are also stakeholders of the firms and the producers. The producers should therefore look into what the customers want to buy and what are their needs rather than attempting to sell their products/services to them without understanding their needs. The producers as per the 4C models have a responsibility towards the interests of the customers and look into their interests rather than just alone focusing on the interests of the firm. This has therefore changed the role of the marketer. The marketers are not just marketing their products any more but they are looking after the needs of their customers. They are no more just a service provider but now they are adding value for the customers and looking after their needs. Thus the role of marketer has changed for profit earner to looking after the needs of the customers.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Southwest airlines ? Using insights from Chapter 9 and my lecture, discuss how Kelleher’s early leadership...
Southwest airlines ? Using insights from Chapter 9 and my lecture, discuss how Kelleher’s early leadership molded Southwest’s culture and how this enabled the firm to provide high-quality services at low prices. Identify some ways in which Southwest has departed from his initial vision and discuss one or two actions that Kelly must take to deal with recent challenges
1.Explain the purpose of environmental scanning. 2.Discuss how economic forces affect marketing. 3.Describe how technological changes...
1.Explain the purpose of environmental scanning. 2.Discuss how economic forces affect marketing. 3.Describe how technological changes can affect marketing. 4.Discuss the forms of competition that exist in a market. 5.Explain how regulatory forces ensure competition and protect producers and consumers. 6.Identify factors that influence ethical and unethical marketing decisions. 7.Describe the different concepts of social responsibility. 8.Describe the stages in the consumer purchase decision process. 9.Distinguish among three variations of the consumer purchase decision process: extended, limited, and routine problem...
Lecture material: The Just Noticeable Difference (JND) is the minimum amount of change in a stimulus...
Lecture material: The Just Noticeable Difference (JND) is the minimum amount of change in a stimulus that can be detected. Using sound as an example, if a decibel level change from 60 decibels to 62 decibels is undetectable and a change from 60 decibels to 63 decibels can be detected, we know that at an initial stimulus of 60 decibels, a change of 3 decibels is the Just Noticeable Difference. Over 100 years ago, a psychophysicist names Ernst Weber found...
Most economic models 
a. incorporate the assumption of rational behavior on the part of economic actors....
Most economic models 
a. incorporate the assumption of rational behavior on the part of economic actors. b. incorporate the notion that people are usually reluctant to change their minds. c. are meant to precisely duplicate reality.
d. assume that people often make sub-optimal choices. 
 When economists assume that people are rational, they assume that a. consumers maximize profits.
b. firms maximize revenues.
c. consumers maximize utility. 
d. firms maximize output. 
 The basic theory of consumer behavior is based on which...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials and labor for the cabinets are determined by each job. To simplify the assignment, we will assume the following average costs. The company estimates that it will have 32,000 direct labor hours in total for the kitchen cabinets. The materials include $2,000 for the wood and other materials on a per job basis. It requires 40 hours of labor on average for a custom...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How many months has the U.S. economy been in this stage of the business cycle? ___________ months 2. How long has the current expansion/recovery lasted to date? _________________ How does this compare to the average length of U.S. recessions since 1854? ______________________________. 3. What do the last four recoveries/expansions (that is, the current recovery/expansion and the previous three recovery/expansions), suggest about a new trend in...
2. A demand curve indicate a. the maximum willingness to pay for a given quantity b.the...
2. A demand curve indicate a. the maximum willingness to pay for a given quantity b.the consumer's gain from exchange c.the market price of a good or service d. the equilibrum quantity 3. trade permitts countries to a. consume more than they capable of producing b.produce based on their comparative advantage c.specialize more fully d.all of above 4. which of the following dose not impact how elastic supply is? a. whether the supply is local or global b.the share of...
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds...
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds of companies offering tax preparation in a given market. The current market equilibrium price is $120. Jojo’s Tax Service has a daily, short-run total cost given by TC = 100 + 4Q2. Answer the following questions: How many tax returns should Jojo prepare each day if her goal is to maximize profits? How much will she earn in profit each day? A perfectly competitive...
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds...
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds of companies offering tax preparation in a given market. The current market equilibrium price is $120. Jojo’s Tax Service has a daily, short-run total cost given by TC = 100 + 4Q2. Answer the following questions: How many tax returns should Jojo prepare each day if her goal is to maximize profits? How much will she earn in profit each day? A perfectly competitive...
What are your top 3 take aways from this article? Technology is no longer just for...
What are your top 3 take aways from this article? Technology is no longer just for geeks. The internet has changed everything, including marketing. Be they small, medium or large, social media grants all companies an equal playing field on which to organically reach new customers. However, success will always ride on the marketing strategy employed. Obviously, larger companies have the advantage of bigger budgets and more resources. But that doesn’t mean social media for small business owners can’t compete...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT