describe about olden days bazaar to present day bazaar
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hey friend,
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EARLY DAYS :
⚫ In Early days, the bazaars or markets has less groceries because their was less demand of people.
⚫ Early days the markets or bazaars were gathered at one place.
⚫ But, the vegetables and non-veg. found in those days were chemical free and 100% natural.
PRESENT DAYS :
⚫ In Present days, the bazaars have more groceries as the demand of people is more.
⚫ These days markets are not gathered at one place. They are instead in channelized in big shopping complexes or malls.
⚫ These days the vegetables and non-veg. are not chemical free, they are treated with different kinds of chemicals during different tests and practices. So, these days foods are not 100% natural.
______________________________
I hope this answer helps you.....
If so, then plz MARK my answer BRAINLIEST...!
____________________________
EARLY DAYS :
⚫ In Early days, the bazaars or markets has less groceries because their was less demand of people.
⚫ Early days the markets or bazaars were gathered at one place.
⚫ But, the vegetables and non-veg. found in those days were chemical free and 100% natural.
PRESENT DAYS :
⚫ In Present days, the bazaars have more groceries as the demand of people is more.
⚫ These days markets are not gathered at one place. They are instead in channelized in big shopping complexes or malls.
⚫ These days the vegetables and non-veg. are not chemical free, they are treated with different kinds of chemicals during different tests and practices. So, these days foods are not 100% natural.
______________________________
I hope this answer helps you.....
If so, then plz MARK my answer BRAINLIEST...!
BlackVenom05:
thnz for marking brainliest...
Answered by
5
Modern day marketing should focus seriously on customer retention, and this implies giving great customer services. This is the because the new marketing economy has become such that it is very easy to lose customers and thus get out of business. The factors characterizing the new economy places lots of emphasis on the consumer. Consider what consumers have today that they didn’t have yesterday:
1. A Substantial Increase in Buying Power: Buyers today are only a click away from comparing competitor prices and product attributes. They can get answers on the internet in a matter of seconds. They don’t need to drive to stores, parks, wait on line and hold discussions with salespeople. They have the comfort of doing all that through the internet
In the old Marketing Economy, companies organize themselves by way of product units. Thus a company may for instance set up a business unit to manage their washing machines, dryers, refrigerators and stoves. Though this makes sense, it makes more sense to also add marketing groups that address the needs of different customer groups such as households and building contractors who buy differently. This would mean a switch from being product-centered to being customer-segmented centered
The Old Marketing Economy also focuses on Profitable transactions other than customer lifetime value. Companies normally focus on individual transactions with the aim of making a profit on each transaction. New economy companies add a focus on estimating individual customer lifetime value and designing their market offerings and prices to make a profit over the customer’s lifetime. New economy companies will sometimes underprice to gain new customers and be generous in its pricing and services to existing customers with an eye toward retaining them for the long run.
Mention can also be made of the Financial Scorecard focus of the Old Marketing Economy. Most senior managers in the old marketing economy will judge the company’s performance by financial results as reflected on the profit and loss statement and the balance sheet. Top management in the new economy will however, in addition to the financial scorecard, examine the marketing scorecard to interpret what is happening to market share (not just sales revenue), customer loss rate, customer satisfaction, product quality relative to competitors, and other measures. They recognize that changes in marketing indicators predict changes in financial results.
The Old Marketing economy focuses on shareholders other than stakeholders. Top management in the old market economy sees its primary mission as making profits for shareholders. The costs of working with other stakeholders such as employees, suppliers, and distributors are kept under tight rein. They treat businesses as a zero-sum game, whereby paying the least to employees, suppliers and distributors, the company will be left with the most profit. Top management in the new economy companies respects the importance of creating co-prosperity among all the business partners and customers. These managers carefully define their stakeholders and develop policies and strategies to balance the returns to all the key stakeholders. They believe business success depends on high-level performance by employees and business partners.
1. A Substantial Increase in Buying Power: Buyers today are only a click away from comparing competitor prices and product attributes. They can get answers on the internet in a matter of seconds. They don’t need to drive to stores, parks, wait on line and hold discussions with salespeople. They have the comfort of doing all that through the internet
In the old Marketing Economy, companies organize themselves by way of product units. Thus a company may for instance set up a business unit to manage their washing machines, dryers, refrigerators and stoves. Though this makes sense, it makes more sense to also add marketing groups that address the needs of different customer groups such as households and building contractors who buy differently. This would mean a switch from being product-centered to being customer-segmented centered
The Old Marketing Economy also focuses on Profitable transactions other than customer lifetime value. Companies normally focus on individual transactions with the aim of making a profit on each transaction. New economy companies add a focus on estimating individual customer lifetime value and designing their market offerings and prices to make a profit over the customer’s lifetime. New economy companies will sometimes underprice to gain new customers and be generous in its pricing and services to existing customers with an eye toward retaining them for the long run.
Mention can also be made of the Financial Scorecard focus of the Old Marketing Economy. Most senior managers in the old marketing economy will judge the company’s performance by financial results as reflected on the profit and loss statement and the balance sheet. Top management in the new economy will however, in addition to the financial scorecard, examine the marketing scorecard to interpret what is happening to market share (not just sales revenue), customer loss rate, customer satisfaction, product quality relative to competitors, and other measures. They recognize that changes in marketing indicators predict changes in financial results.
The Old Marketing economy focuses on shareholders other than stakeholders. Top management in the old market economy sees its primary mission as making profits for shareholders. The costs of working with other stakeholders such as employees, suppliers, and distributors are kept under tight rein. They treat businesses as a zero-sum game, whereby paying the least to employees, suppliers and distributors, the company will be left with the most profit. Top management in the new economy companies respects the importance of creating co-prosperity among all the business partners and customers. These managers carefully define their stakeholders and develop policies and strategies to balance the returns to all the key stakeholders. They believe business success depends on high-level performance by employees and business partners.
thanks
but it's too lengthy
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