In the context of the history of American business, describe the emergence of the hard sell in the production era and the marketing concept in the marketing era.

What will be an ideal response?


Answers will vary. During the production era, in the early part of the 1900s, major businesses focused on further refining the production process and creating greater efficiencies. Jobs became more specialized, increasing productivity and lowering costs and prices. In 1913, Henry Ford introduced the assembly line, which quickly became standard across major manufacturing industries. With managers focused on efficiency, the customer was an afterthought. But when customers tightened their belts during the Great Depression and World War II, businesses took notice. The "hard sell" emerged: aggressive persuasion designed to separate consumers from their cash. During the marketing era, after World War II, the balance of power shifted away from producers and toward consumers, flooding the market with enticing choices. To differentiate themselves from their competitors, businesses began to develop brands, or distinctive identities, to help consumers understand the differences among various products. The marketing concept emerged: a consumer focus that permeates successful companies in every department, at every level. This approach continues to influence business decisions today as global competition heats up to unprecedented levels.

Business

You might also like to view...

The completed picking ticket file provides an audit trail of authorized inventory transfers made between the warehouse and the shipping department

Indicate whether the statement is true or false

Business

Production methods between capital- and labor-intensive methods are classified as intermediate technology.

Answer the following statement true (T) or false (F)

Business

List at least five common examples of annuities

What will be an ideal response?

Business

You just received a loan from your banker to buy seed and plant your alfalfa field. The loan is a discount loan and is for $5,000 for 1 year and the quoted rate was 10%. What is your APR?

A) 10.00% B) 11.11% C) 12.23% D) 14.33% E) None of the above

Business