Preview

Ms 06

Satisfactory Essays
Open Document
Open Document
250 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ms 06
ASSIGNMENT

Course Code : MS-6
Course Title : Marketing for Managers
Assignment Code : MS-06/TMA/SEM-II/2012
Coverage : All Blocks

Note: Answer all the questions and send them to the Coordinator of the Study Centre you are attached with.

1. Discuss the various characteristics of services that make them unique from product. Briefly explain the implications of these characteristics in designing suitable Marketing Strategy for any two service offerings of your choice.

2. a) The success of a firm largely depends on the right blending of Marketing Mix elements. Discuss with two recent examples of your choice by picking up one each from an FMCG category another from any Industrial product.

b) Elaborate on the relevance and scope of Marketing Research in supplementing and complementing the marketing activities in accomplishing the marketing goals of a firm.

3. Explain the term Indian Consumer Market. Collect and compile the updated information on Indian consumer environment from various secondary sources and comment on its impact on market opportunities available for Indian companies.

4. a) Discuss the situation/major factors that warrant the need for New Product

Development (NPD) initiatives in the following.

i) An FMCG Company

ii) Small Car Manufacturer

b) What Pricing strategy would you recommend in the following situations? Justify i) New Brand of Bottled Water ii) Cinema tickets

-----------------------
MS-06

Management Programme

ASSIGNMENT
SECOND SEMESTER
2012

MS-06: MARKETING FOR MANAGERS

[pic]
School of Management Studies
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI – 110 068

You May Also Find These Documents Helpful

  • Satisfactory Essays

    ü Describe the organizational buyers and consumers of your product or service and the factors that influence their purchasing decisions. Discuss how these factors will affect your marketing strategy.…

    • 448 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    P3-Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans…

    • 1723 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Bst1 Task 3

    • 1294 Words
    • 6 Pages

    For this unit’s assignments you will be required to research the marketing activities of organisations. In the first assignment you will need to focus on how marketing techniques are used in two different organisations. You will then look at how market research impacts on the marketing plan of a specific organisation. In the second assignment you will need to look at the development of a coherent…

    • 1294 Words
    • 6 Pages
    Good Essays
  • Good Essays

    UNIT 3 P3 M2

    • 1231 Words
    • 5 Pages

    P3: Describe how a selected organisation uses marketing research to contribute to the development of its marketing plan.…

    • 1231 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Marketing research is best defined as, “a way of investigating and answering questions about human behavior,” (Bont, Et. Al, 2007). Essentially, marketing research is a tool that helps businesses stay ahead of the trends and maintain a competitive edge in the constantly changing global market. Companies that make marketing research a central part of their business plan will see the business grow and develop to not just achieve their business goals, but exceed them. Robert Duboff puts it into perspective in a way that anyone can understand in terms of why marketing research is a valuable tool, “Marketing research can be freed to do what it can do well: provide information about the past and present to enable insights that can help decision makers use their judgment,” (The Market Research Magic is Gone, 2011). Marketing research is a key component in any business because it helps the organization identify how they will gather, analyze, and interpret information about a product or service they offer in the market along with the past, present , and future potential customers for that specific product or service offering. It also provides information on the characteristics, spending habits, and location of the businesses target market, the industry, and competition they will face in the particular market. Marketing research will also identify the specific strategies with regard to marketing segmentation and product differentiation that is best suited for the organization in order to achieve their goals and expand their product offerings. Entrepreneur best describes the benefit of marketing research, “It allows business owners to determine the feasibility of a business before committing substantial resources to the venture,” (Market Research, 2014).…

    • 2048 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    MKT301 review

    • 3638 Words
    • 15 Pages

    1. Define marketing, explain how it creates utility, and describe its role in the global marketplace.…

    • 3638 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    SEAFOOD Tawy Store

    • 1746 Words
    • 7 Pages

    “Marketing research is defined as the systematic and objective process of generating information to aid in making marketing decisions. This process includes specifying what information is required, designing the method for collecting information, managing and implementing the collection of data, analyzing the results, and communicating the findings and their implications.” (Zikmund, Ward, Lowe & Winzar, 2007)…

    • 1746 Words
    • 7 Pages
    Better Essays
  • Good Essays

    marketing

    • 872 Words
    • 4 Pages

    What are some marketing strategies that might be employed with services to ensure positive results with these distinguishing characteristics (choose at least two)? In your answer, provide an example of a service to which your strategies would be utilized.…

    • 872 Words
    • 4 Pages
    Good Essays
  • Better Essays

    P3 M2 D2

    • 4245 Words
    • 11 Pages

    Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans…

    • 4245 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    In this assignment, I will be looking at the limitation of marketing research. This will involves looking out how marketing research can help develop a marketing plan. Furthermore, I will be looking at the weaknesses of development in marketing plan.…

    • 2417 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    For many people, to get this education is very difficult and for others it is almost impossible, for different reasons. An online program is giving to these people the opportunity to achieve their goals in the convenience of their own time. New technologies are creating better programs with better resources than on campus programs. This is a very attractive market with a lot of new possibilities to continue growing.…

    • 2648 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Decision Simplicity; what’s the most important thing we can offer potential customers to move them from being interested to actually purchasing our product? The study described in this article suggests that it’s ‘decision simplicity’. The single biggest driver of stickiness, by far, was ‘decision simplicity’- the ease with which consumers can gather trustworthy information about a product and confidently and efficiently weigh their purchase options. What consumers want from marketers is, simply, simplicity.…

    • 701 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Bba Paper 1 Smester

    • 1377 Words
    • 6 Pages

    Q.2 Select any organization of your choice in the service sector and briefly explain its marketing strategy in terms of the three additional “Ps” of the services marketing mix.[10 Marks]…

    • 1377 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Marketing

    • 6357 Words
    • 26 Pages

    Marketing Management Presented to: Prof. Sherif Elaasi Student Name: Faridah Bukhari ID#: MAM 105 Chapter 1: An Overview of Marketing  What's it all about Marketing? Marketing is the planning and implementation of four activities called 4 P'S “Marketing Mix” -­‐ -­‐ -­‐ -­‐ Product Place of Distribution Promotion Price When they are designed effectively, they will create the exchange process which means achieving the objective of the consumer and the company. Marketing is all about applying the needs of the customers.…

    • 6357 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    Ms-06

    • 6765 Words
    • 28 Pages

    Objectives After studying this unit, you should be able to: • • • • • • • understand the complexity of today's managerial decisions know the meaning of quantitative techniques know the need of using quantitative approach to managerial decisions appreciate the role of statistical methods in data analysis know the various models frequently used in operations research and the basis of their classification have a brief idea of various statistical methods know the areas of applications of' quantitative approach in business and management.…

    • 6765 Words
    • 28 Pages
    Powerful Essays

Related Topics