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Rural Marketing & Marketing in Contemporary Environment.pptx

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Rural Marketing & Marketing in Contemporary Environment.pptx

  1. 1. Rural Marketing & Marketing in Contemporary Environment GROUP 8
  2. 2. ARCK SRIVASTAVA M. MAHESHWARAN B. RAGAVAN SANJAI KUMAR. E SHADAB AZIZ S. THIYAGARAJAN List of members
  3. 3. Rural Marketing • Let us define the term in simple way as: Rural marketing concerns with planning and implementing marketing programs (often referred as marketing strategies or simply 4P’s) for rural markets to achieve marketing goals. • In more specific words: Rural marketing is a process of developing, pricing, promoting, and distributing rural specific goods and services leading to desired exchange with rural customers to satisfy their needs and wants, and also to achieve organizational objectives.
  4. 4. • Marketing efforts remain same, only important aspect is type of buyers. So, the term can be defined as: When marketing activities are undertaken for rural segments, it is turned as rural marketing and the management is called rural marketing management • At last, we can say: Rural marketing is the marketing for the customers residing in rural areas. It involves designing marketing programme (4P’s) to arrive at desired exchange with the rural customers that satisfies their needs and wants.
  5. 5. Rural Marketing • The emergence of rural markets as highly untapped potential emphasizes the need to explore them. • Rural marketing is an evolving concept, and as a part of any economy, has untapped potential; marketers have realized the opportunity recently. • Improvement in infrastructure and reach, promise a bright future for those intending to go rural.
  6. 6. • The rural population has shown a trend of moving to a state of gradual urbanization in terms of exposure, habits, lifestyles, and lastly, consumption patterns of goods and services. • Rural per capita consumption expenditure grew by 11.5 per cent while the urban expenditure grew by 9.6 per cent. • There is a tremendous potential for consumer durables like two-wheelers, small cars, television sets, refrigerators, air-conditioners and household appliances in rural India.
  7. 7. To be precise, rural marketing in India Economy covers two broad sections, namely: Rural marketing in India Selling of agricultural products in the urban areas Selling of manufactured products in the rural regions

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