Directed Study in Marketing Chapter 1 Marketing’s Value to Consumers‚ Firms‚ and Society Questions and Problems 1. List your activities for the first two hours after you woke up this morning. Briefly indicate how marketing affected your activities. a. Awakened by alarm clock. Clock bought because of brand name loyalty: Seiko b. Had coffee. Brand name loyalty and preferred taste: Folgers c. Walked and fed dog. Purchased Purina Dog chow due to advertisements. d. Made breakfast
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Marketing Techniques Paignton Zoo (D1) Market Penetration Advantages: The advantage of market penetration is that it promotes the business to the public and allows it to be widely recognised by a variety of people. Paignton Zoo promotes its business on sites which are widely used every day by the public such as the radio‚ television. This means that every day there is a chance that a member of the public will hear about the business on the radio or see what they have to offer on the television
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relationship marketing. Market Penetration: Market penetration is used by both businesses‚ they sell their existing products on to their existing markets‚ they both do this as they offer loyalty bonuses‚ this gets them all more sales and reduces the risk of getting new products on to the markets and them all failing‚ the main difference between the two during market penetration is the way they both advertise‚ Sony constantly advertise their products‚ even if they are old and a new product is just about
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1. On the Basics: a. We have asserted that marketing is really the strategic idea of ‘connectedness’ with customers. From the perspective of your final project company‚ identify and discuss how your company connects with its customers – select from either the marketing concept or the selling concept. Be sure to define each concept and be detailed in your response. A: Marketing concept holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering
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describe the marketing techniques used to market products in Barclays Plc and in Diabetes UK as well as their main activities. (1a)BARCLAYS PLC Sector by activity Barclays is a global profit making service provider that offers retail and commercial banking‚corporate and investment banking‚credit cards‚wealth and investment management to over 50 countries worldwide. (1b) DIABETES UK Sector by activity Diabetes UK is the largest charity organisation in the UK that provides products and services
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REVIEW 1. Service marketing 2. Product 3. Price 4. Place (distribution) 5. Promotion 1 = mixture of general knowledge 2 = all about product 3 = also a mixture but there is a requirement to give examples 4 = services 5 = all about communication. (see and know: communication model and discuss how the model works.) Distribution intensity: INTENSIVE: Coca-Cola‚ milk‚ bread. Distribution through every reasonable outlet in a market. Where the product is available in every possible
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Marketing Strategies Glenda Higgins Marketing 500 June 16‚ 2013 Dr. Adina Scruggs Strayer University Introduction Marketing Strategy is defined as a marketing plan designed to achieve marketing objectives. A Marketing Strategy combines all its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and sustain the business. The marketing strategy
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marketers‚ feel that the image of a particular channel in which they sell product does not matter- all that matters is that the right customers shop there and the product is displayed in the right way. Others maintain that channel images- such as retail store- can be critical and must be consistent with the image of the product. Take a position and justify: Whether channel images do not really affect the brand images of the products they sell versus channel images must be consistent with the brand image
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The traditional way of viewing the components of marketing is via the four Ps: 1. Product. Goods and services (creating offerings). 2. Promotion. Communication. 3. Place. Getting the product to a point at which the customer can purchase it (delivering). 4. Price. The monetary amount charged for the product (exchange). Introduced in the early 1950s‚ the four Ps were called the marketing mix‚ meaning that a marketing plan is a mix of these four components. If the four Ps are the same as
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Marketing lecture 3: SITUATION ANALYSIS This involves a thorough study of the broad trends within the economy and society‚ and a comprehensive analysis of markets‚ suppliers‚ competitors and the company itself. There are a number of marketing techniques that can be used in analysing an organisation’s environment. These include the following: SWOT Analysis: Thi i an overall evaluation of a A l i This is ll l ti f company’s strengths‚ weaknesses‚ opportunities and threats. Strengths and Weaknesses
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