presented as an alternative approach to McCarthy’s classic business orientated marketing mix popularly known as the 4Ps. SIVA and 4Ps are presented here as a complementary mechanisms to shape marketing practice through considering the needs of the customer within the constraint of the organization’s capacity. To that end‚ we present a means to combine the managerial focus of the classic 4Ps with the customer orientation of SIVA as the Marketing Mix Matrix. McCarthy (1960) suggested an entrepreneur
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a. What do the 4Ps stand for and at what stage of the marketing planning process does a marketer formulate the 4Ps? Promotion‚ Product‚ price and place. The Marketing Mix will first be used during step three‚ which is the step where companies have to prepare an integrated marketing plan and programme. The marketing programme builds customer relationships by transforming the marketing strategy into action. (Chapter one of Kotler textbook) They need to make a needsatisfying market offering
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Wrap Wrap & Roll www.wrap-and-roll.com Team GirlSix: Gi LOGO Contents Introduction The 4Ps-Product The 4Ps-Place The 4Ps-Price 4Ps The 4Ps-Promotion Conclusion Company Logo Introduction-Service Product Company’s service products: www.themegallery.com Introduction-Brief history 2006 The 1st Wrap & Roll Restaurant on Hai Ba Trung St established by Nguyen Kim Oanh Oanh 2007 Develop into into Wrap & Roll chain including- 6 Restaurants & Food
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Chapter 15 Operations Scheduling Planning and DISCUSSION QUESTIONS 1. Over the past several years‚ many corporations have experienced reductions in the workforce of sufficient size to receive attention in the media. Restructuring charges reflected in the annual reports to stockholders are often in the order of magnitude of $100‚000 per employee. If business is expected to recover within a year‚ the company would usually be better off to keep these employees on the payroll
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the information about Chobani in the case at the start of the chapter‚ (a) whom did Hamdi Ulukaya identify as the target for his first cups of Greek yogurt and (b) what was his initial “4Ps” marketing strategy? a. Hamdi Ulukaya first targeted young and fit Americans with his first cup. b. Hamdi Ulukayas initial “4Ps” marketing strategy involved product‚ price‚ place‚ and promotion. For product‚ he focused on the packaging. Made the cup with bright colors so people would be attracted to it. For price
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Unit 2 Assignment Student Name: Melisa Horton Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed. 1. Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well): a. The price of Coke decreases. The equilibrium price drops because of the price drop from Coke. This will show a decrease in the quantity demanded for Pepsi and create a surplus of Pepsi
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The most interesting character in this episode was the Deacon that spends most of his time this episode speaking with Colvin. It was amazing that he was so inspired to help a community even if the only people there are drug dealers and buyers. His dedication to helping others lead to Colvin bringing in supplies for the dealers so that “Hamsterdam” would not be a complete area of survival of the fittest. Furthermore‚ he provided one of the best lines in the episode. When Colvin asked if he was hustling
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How Andrea Jung Became Successful At your request‚ I have prepared an informal report about Andrea Jung‚ who has become a very successful business woman. I was surprised to find out how much I identified with her and found myself wondering how far in my career I would have been had I followed my parents’ advice. Andrea Jung was born in 1959 in Toronto‚ Ontario‚ Canada. Her parents moved to Massachusetts after her dad was offered a teaching job at the Massachusetts Institute of Technology
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As Gowthorpe (2003: P457) argued‚ that "A budget is a plan‚ expressed in financial and/or more general quantitative terms‚ which extends forward for a period into the future." Budgeting actually refers to the process that‚ after the strategic plan of the business has been made‚ companies made a short term plan (usually one year) to meet the strategic purpose. Traditional budgeting has offered a lot of contributions in so many years’ practice. But it seems it is more and more unsuitable for the modern
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Republic of the Philippines CARAGA STATE UNIVERSITY Ampayon‚ ButuanCity Chapter 1 THE PROBLEM Introduction Poverty has been a major problem in the Philippines.Unfortunately‚ the number of Filipinos suffering from the aforementioned social problem is increasing every year.Some have more than enough to eat‚ are well clothed and healthy‚ and have a reasonable degree of food security but others may have inadequate food and shelter. Their health is often poor‚ they may be unemployed and their
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