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Adapting and Modernizing the Post-Covid Marketing Policy Under the Impact of Consumption Challenges

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  • Victor Danciu

Abstract

The turmoil created by the COVID-19 pandemic in all components of the society has effects that become challenging for people and companies. This scientific approach aims at drawing attention primarily to the new trends in consumption and consumer behavior. The main trends identified are the reduction of expenses, the priority given to basic needs satisfaction, the changes of the structure of the consumer basket, the increasing digitalization, the increase of home delivery, the reorientation towards local shopping, the omnichannel services and increasing of the importance of the green content. The transformation, enrichment and improvement of marketing and especially of the marketing policy in accordance with the change of consumption is another objective of the research. Achieving these objectives will depend on the digital marketing practices and strategies and tactics of product, communication, distribution and price adapted to the new realities.

Suggested Citation

  • Victor Danciu, 2021. "Adapting and Modernizing the Post-Covid Marketing Policy Under the Impact of Consumption Challenges," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(79), pages 2-21, March.
  • Handle: RePEc:rej:journl:v:24:y:2021:i:79:p:2-21
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    More about this item

    Keywords

    COVID-19; Consumption; consumer behavior; marketing policy; marketing digitalization;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • M37 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Advertising

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