consumer goods‚ product quality stood out as the principal consideration for respondents‚ followed by product material‚ craftsmanship‚ style/design‚ price and brand. POPULAR BRANDS Most respondents considered brands important. 4PS OF NIKE Nike’s 4Ps comprised of the following approaches to pricing‚ distribution‚ advertising and promotion‚ and customer service: Pricing: Nike’s pricing is designed to be competitive to the other fashion shoe retailers. The pricing is based on the basis
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Tipping Point Discussion Questions Introduction 1) What was the point Gladwell makes with the Hush Puppy story? Hush Puppy is a kind of classic American shoes which were considered to be old fashioned in 1994. However‚ because no one would wear Hush Puppy in that age‚ this kind of shoes became so unique and catch some fashion designer’s attention‚ and then Hush Puppy became popular again. Hush Puppy story is an example of epidemics in action‚ through this story‚ Gladwell demonstrated
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&/or urban‚ suburban‚ rural) Marital/Family Status Income Level Education Level Occupation INTRODUCTION To ascertain a successful marketing plan it is very essential to identify a proper target market. For effective implementation of the 4ps of marketing‚ selecting the right target market is very important. Price‚ promotion‚ place and most
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1.0 INTRODUCTION “Today’s strange‚ new business world needs an augmented model of industry and market analysis that reflects recent developments in industry dynamics‚ such as globalization‚ entrepreneurship‚ technological advances and the internet” (Slater & Olson‚ 2002). 2.0 PORTERS FIVE FORCES MODEL FOR UK SUPERMARKET INDUSTRY Supermarkets’ performance is reliant on consumer’s income and their willingness to spend. The growing consumer pressure to drive value‚ quality and taste requires companies
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1 INTRODUCTION Focus group is a qualitative technique used mostly in marketing research and also other areas of research. This technique is used to collect primary data. This document consists of information about focus group. The main objective of this assignment was to investigate how focus groups techniques are used to collect primary data about the phenomenon at hand in the real world. The research method used was Google scholar for academic journals. The campus library database was also
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(Solvency And Liquidity Analysis) The Warnaco Group Inc.declared bankcruptcy in June 2001 soon after publishing its financial statements for its year ended December 31‚2000.Warnaco Group’s financial data for 1997 through 1999 are presented in Exhibit 4P-4. a) Discuss whether the information provided in the exhibit provides any warning of the company’s eventual demise.Your answers should be based on an analysis of Warnaco’s 1998-1999 activity‚solvency‚liquidity‚and profitability ratios. b) Briefly
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Introduction Foundations Basics Language of economics Fundamental problem facing mankind “Our resources are limited (scarce)‚ but our wants (aspirations to good life ‚ ambitions ‚ needs‚ dreams) are unlimited.” SCARCITY = Budget Constraint Proof Resources Limited * Time: 24 hours day * Time is money * 20 hours in bed (leisure) * Safe drinkable water = Less than 1% of total water * $2000 apt/studio‚ cook own food * $2000000 a month * Mansion
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Since the early beginnings of the formalization of the modern industries a need for a sales approach that addresses the specific requirements of different industries from their suppliers’ side emerged. In the early stages all efforts in this arena were individual‚ not formulated and depend largely on the situation‚ personal influences and relations. 2.1.1 The past As early as late 19th century and the beginnings of the 20th century the need to serve mass markets started to influence‚ and sometimes
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consumer requirement toward fashion. Zikmund (2012) pointed out that marketing research are able to reduce the risk of the uncertain or wrong decision‚ allowing companies to get higher profits. According to McCarthy’s 4PS marketing mix (1960)‚ any business success is based on “4PS”‚ regarding to product‚ price‚ promotion and place. Without proper understanding of the expectations of consumers and properly marketing methods‚ managers might attribute to management problems and financial loss. Thus
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a ‘Fail’‚ regardless the level of analysis and recommendations. Q3: What are the marketing tools? There is a range of marketing tools‚ which are basically models and frameworks‚ can be used in this assignment‚ e.g.‚ SWOT/TOWS‚ PESTLE‚ USP‚ STP‚ 4P/7Ps etc. Students need to choose/use appropriate tools and discuss/relate the tools to the brand or service they have chosen to analyse. This report is not just about mentioning that these tools exist – students need to use them to analyse the brand/service
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