Thursday, 27 July 2017

Macromarketing Versus Micromarketing

The division of marketing into macromarketing and micromarketing is a fairly recent one.
the division was a result of the controversy concerning the responsibility of marketing. Should marketing be limited to the success of the individual firm, or should marketing consider the economic welfare of a whole society? Accepting the later, or "macro,"point of view dramatically changes the way marketing is carried out. In this light, everymarketing decision must be evaluated with regard to how it might positively or negatively
each person and institution operating in that society. In 1982, Bunt and Burnett surveyed the academic community in order to define more precisely the distinction between
and mircomarketing. 4 Their findings suggest that the separation depends upon "whatis being studied," "whether it is being viewed from the perspective of society or the firm,"and "who receives the consequences of the activity." Examples of macromarketing activities are studying the marketing systems of different nations, the consequences on society
certain marketing actions, and the impact of certain technologies on the marketing trans-action. The use of scanners in supermarkets and automatic teller machines in banking illustrates the last example. Micromarketing examples include determining how Nikon Steel
should segment its market, recommending how National Jewish Hospital should price theirproducts, and evaluating the success of the "Just Say No" anti-drug campaign.  

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