to the following major questions: • Should the local fast food joints taking any steps to attract customers they lost? • What steps will be more helpful in the fulfillment of their objective? According to Malhotra’s Marketing Research (2007‚ fifth edition)‚ marketing is becoming increasingly important for competing for consumers in the fast food market. McDonald’s concluded their 3 year revitalization effort‚ i.e. a $500 million “I’m lovin’ it” campaign in 2006. Research has shown that this
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Our group selected a popular fast food restaurant company; McDonald restaurant (Hong Kong) Limited; McDonald was a neighborhood restaurant established in USA‚ in 1955.The first McDonald was established in Hong Kong in 1975 and offered customer the American Big Mac Meal and located at Paterson Street‚ Causeway Bay. ***Section 1 Mission of McDonald: “To be our customers” favorite Place and way to eat with inspired people who delight each customer with unmatched quality‚ service‚ cleanliness and
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promotion focuses on saturation. The prognosis for the future is that McDonald’s will continue to increase its annual revenue and stock prices over the next five years. The purpose of this report is to show my working knowledge of the 4 P’s of marketing. Please evaluate this report and prepare for discussion on Wednesday. Product The corporate strategy for McDonald’s product is a threefold approach using strategic flexibility. The three components are permanent‚ temporary‚ and local product
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In the late 1940s‚ Dick and Mac McDonalds were searching for a way to improve their little drive-in restaurant in San Bernardino‚ California. They invented an entirely new concept based upon speed service‚ low prices‚ and big volumes. Word of its success spread quickly and in 1952 they had more than 300 franchising inquires a month from all over the country. McDonald’s is now the largest and best-known foodservice retailer and one of the two best-known and powerful brands in the market. With more
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CHAPTER 4 – SOCIAL PERCEPTION How do we come to understand other people? Our words tell only one part of the story. For this reason‚ most of the time we don’t satisfy with verbal communication and we try to facilitate our communication by non-verbal things. Nonverbal communication is important part of social perception. The way in which people communicate intentionally or unintentionally without words‚ nonverbal cues‚ signs include Facial expressions‚ tone of voice‚ gestures‚ body
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NIKE MARKETING CHALLENGE Contents 1. Introduction: Section: 1.1: Summary 1.2: Historical goals in Marketing 1.3: History and development of the company 2. Marketing activities Section: 2.1: Innovation 2.2: SWOT 2.3: Marketing mix 2.4: Targeting strategy 3. Recommendation and conclusion
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evaluate what their impending strengths‚ weaknesses‚ opportunities and threats are. This process is referred to as a SWOT analysis and plays an integral role within the daily operations of marketing teams. Successful market penetration becomes a greater possibility when a company can efficiently analyze their marketing environment and specify how it will relate to their own exclusive product. “The goal is to match the company’s strengths to attractive opportunities in the environment while eliminating
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Social perception We have explained the influences from other people simulate the consumers to shop online. In addition there is another similar theory used to present one of the reasons why thousands of hundreds of Chinese people choose to shop online on 11th‚ November. In the previous paragraphs‚ Social proof that means we would rather do the things that most people do affects the consumer behaviour. In fact‚ in my opinion‚ Social learning also happened in the process of shopping online. Social
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Choose an advertisement of your choice and write your comments according to the following guidelines: 1. What is the main message of the advertisement? (20 marks) The main message of the advertisement is to maintain sales by as follow:- a) To introduce a new product like the Bubur Ayam McD (McDonald’s Chicken Porridge) . b)To announce the modification of the product package like the change of the price by using the McDonald’s coupon and the special offer available during the festival season
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Chapter 1: Introduction 1.1 Company (i) Company Background McDonald’s is the leading global foodservice retailer with more than 34‚000 local restaurants serving nearly 69 million people in 119 countries each day. While Ray Kroc was the founder of McDonald. The story of McDonald’s first began in 1955 when Ray Kroc opened the first restaurant in Des Plaines‚ Illinois. It then grew on to be a worldwide corporation spanning 117 countries and serving more than 60 million customers everyday. In December
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