Concepts
Rural Marketing is
defined as any marketing activity in which the one dominant participant is from
a rural area. This implies that rural marketing consists of marketing of inputs
(products or services) to the rural as well as marketing of outputs from the
rural markets to other geographical areas.
Marketing is the
process used to determine what products or services may be of interest to
customers, and the strategy to use in sales, communications and business
development. It generates the strategy that underlies sales techniques,
business communication, and business developments. It is an integrated process
through which companies build strong customer relationships and create value
for their customers and for themselves. It is a function which manages all the
activities involved in assessing, stimulating and converting the purchasing
power to effective demand for a specific product and service. This moves them
to the rural areas to create satisfaction and uplift the standard of living.
Rural areas of the
country or countryside are areas that are not urbanized, though when large
areas are described country towns and smaller cities will be included. They
have a low population density, and typically much of the land is devoted to
agriculture. Defra have a working definition, The Rural/Urban Definition, that
was introduced in 2004 as a joint project between a number of Government
Departments and was delivered by the Rural Evidence Research Centre at Birkbeck
College (RERC).
Components of rural markets
For the market to
exist, certain conditions must be satisfied. These conditions should be both
necessary and sufficient. They may also be termed as the components of a
market.
1. Existence
of a good commodity for transactions (physical existence is, however, not
necessary)
2. Existence
of buyers and sellers
3. Business
relationship or intercourse between buyers and sellers; and
4. Demarcation
of area such as place, region, country or the whole world. The existence of
perfect completion or a uniform price is not necessary.
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