Agribusiness Marketing and Consumer Behaviour (219688)

Course coordinator

Course description

Marking is an essential element of modern business and its application is very important for decision making in contemporary agribusiness firms. Within this course students will learn about concepts and principles of marketing, marketing analysis, marketing strategies, consumer behaviour and marketing research, segmentation and targeting, marketing mix, and market plans within agrifood sector. Examples from agribusiness marketing practice will facilitate understanding and acquisition of the material, while auditory exercises and individual work on creating a marketing plan prepares students for practical implementation of theoretical knowledge.

Type of course

ECTS: 6.00

E-learning: L1

Teaching hours: 60
Lectures: 26
Auditory exercises: 14
Seminar: 20

Lecturer
Grading

Sufficient (2): 50-59 %
Good (3): 60-79 %
Very good (4): 80-89 %
Excellent (5): >90 %

Types of instruction

  • Lectures
  • Seminars
  • Exercises

Learning outcomes

Learning outcome Evaluation methods
1.Explain basic concept of market and specificity of agribusiness market
2. Describe and understand marketing trends in agribusiness
3. Define and understand marketing concepts and components and its specific application to agro-food sector
4. Explain impact of macro and micro components on marketing decision
5. Analyse consumer behaviour using different models in order to create marketing strategies
6. Carry out a market research study, analyse results and write a report
7. Understand and decide on product, pricing, distribution, promotion, and other relevant marketing factors in agri-food sector
8. Create and present a marketing plan for agri food product or service
9. Use oral communication skills

Methods of grading

Evaluation elements Maximum points or Share in evaluation Grade rating scale Grade Direct teaching hours Total number of average student workload ECTS
Parcijalni ispit 1. (P1) 25% <60%
60 – 70%
71 – 80%
81 – 90%
91 – 100%
Insufficient (1)
Sufficient (2)
Good (3)
Very good (4)
Excellent (5)
24 72 2,4
Parcijalni ispit 2. (P2) 25% <60%
60 – 70%
71 – 80%
81 – 90%
91 – 100%
Insufficient (1)
Sufficient (2)
Good (3)
Very good (4)
Excellent (5)
18 54 1,8
Parcijalni ispit 3. (P3) 25% <60%
60 – 70%
71 – 80%
81 – 90%
91 – 100%
Insufficient (1)
Sufficient (2)
Good (3)
Very good (4)
Excellent (5)
8 24 0,8
Aktivnost na nastavi (sudjelovanje u raspravi, rad na projektu, seminarski rad) 25% 10 30 1
UKUPNO 100% 60 180 6
Evaluation elements Maximum points or Share in evaluation Grade rating scale Grade Direct teaching hours Total number of average student workload ECTS
Završni pismeni ispit (ukoliko nisu položeni parcijalni ispiti) 40% <60%
60-70%
71-80%
81-90%
91-100%
Insufficient (1)
Sufficient (2)
Good (3)
Very good (4)
Excellent (5)
24 72 2,4
Završni usmeni ispit (ukoliko nisu položeni parcijalni ispiti) 60% <60%
60-70%
71-80%
81-90%
91-100%
Insufficient (1)
Sufficient (2)
Good (3)
Very good (4)
Excellent (5)
36 108 3,6
Ukupno 100% 60 180 6

Written and presented seminar. Written exam.

Weekly class schedule

  1. Introduction to market theory - Definition, types and functions, Specificities of agribusiness markets
  2. Demand, Supply, and Elasticity - Demand and Supply Analysis, Elasticities of supply, Elasticities of demand
  3. Market trends in agribusiness - Business trend, World food production and consumption, Short supply chains, Food quality labels
  4. Introduction to marketing - Concept, nature, scope and importance of marketing, Marketing concept and its evolution, Strategic marketing planning
  5. Marketing Environment - macro and micro components and their impact on marketing decisions
  6. Consumer behaviour (1) - Nature and importance of consumer behavior, Application of consumer behavior in marketing, Factors determining consumer behaviour
  7. Consumer behaviour (2) - Consumer decision making process: problem recognition, information, purchasing process, post purchase behaviour, Models of consumer behavior, Consumers trends in food consumption
  8. Market research - Marketing research process, research methods, qualitative and quantitative research
  9. Marketing strategy - Segmentation, targeting and positioning, marketing mix
  10. Product management - Concept of a product, classification of products, product development, quality, packaging and labeling
  11. Price management - Factors affecting price determination; pricing policies and strategies
  12. Distribution management - Types and characteristics of channels of distribution, factors influencing the choice of distribution channels
  13. Communication management - Communication process, personal selling and customer service, advertising and sales promotion
  14. Seminar - Independent work of students on their assignment (marketing plan)
  15. Presentation of seminars + exam - Presentation of seminars + exam

Obligatory literature

  1. hilip Kotler and Kevin Lane Keller (2012). Marketing Management: 14th edition, Prentice Hall
  2. Frank R. Kardes, Thomas W. Cline, Maria L. Cronley (2012). Consumer Behavior:Science and Practice, South-Western Cengage Learning
  3. Exercises supplement - Internal materials (script)
  4. Hawkins, Best, Coney(1995): Consumer Behavior , Implications for Marketing Strategy; 6 Edition, Richard D Irwin
  5. Hungate,L.S., Sherman,R.W. (1979.): Food and Economics, AVI Westport, Conn.
  6. Crawford, I. M. (1997). Agricultural and Food Marketing Management. Rome: Food and Agriculture Organization of the United Nations. Available online at:. http://www.fao.org/docrep/004/w3240e/w3240e00.htm

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