MKT Terms (Chapter 6)
Institutional markets: schools, hospitals nursing homes, prisons, and other institutions that provide goods and services to people in their care
Users: someone who actually uses a product or service
Influences: the person who supplies information and advice
Buyers: a person who negotiates purchase terms
Deciders: the person who actually makes the decision
Gatekeepers: the person who controls the flow of information
Straight rebuy: the buyer purchases the same products again routinely under the same term of sale
Modified rebuy: the buyer wants to modify product specifications, prices, terms, or suppliers
New task buy: a company places an order with a supplier for the first time
MKT Terms (Chapter 6)
Institutional markets: schools, hospitals nursing homes, prisons, and other institutions that provide goods and services to people in their care
Users: someone who actually uses a product or service
Influences: the person who supplies information and advice
Buyers: a person who negotiates purchase terms
Deciders: the person who actually makes the decision
Gatekeepers: the person who controls the flow of information
Straight rebuy: the buyer purchases the same products again routinely under the same term of sale
Modified rebuy: the buyer wants to modify product specifications, prices, terms, or suppliers
New task buy: a company places an order with a supplier for the first time