Group 2: I. ELEMENTS OF MARKETING 1. MARKETS a. CONSUMER MARKET- consists of all the individuals and households who buy or acquire goods and services for personal consumption. * CONSUMERS- The consumer market consists of all the individuals and households who buy or acquire goods and services for personal consumption. FACTORS INFLUENCING CONSUMER BEHAVIOR * Cultural * Social * Personal * Psychological TYPES OF BUYING BEHAVIOR * Complex buying behaviour
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P3: Describe how a selected organisation uses marketing research to contribute to the development. In this assignment I will be discussing about the market research of Marks and Spencer and how it contributes to the development of market plan of Marks and Spencer. WHAT IS MARKETING? It is a management process through which an organisation provides its goods or services to its customers. Through marketing the organisation try to deliver and value customer‚ and managing customer relationships
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The Hong Kong Polytechnic University MM2711 Introduction to Marketing Individual Assignment on Marketing Ethics Student Name: Ching Hong Yan‚ Shirley Student ID: 12082678D Study Programme: BBA (Financial Services) Year 1 Tutorial Group: TUT004 (Wed 13:30) Introduction In recent years‚ marketing ethics has been much more in our concerns as the marketing activities often create some ethical dilemmas due to the conflicts of interests. With the assistance of moral principles and values
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2. The 4Ps of Marketing – Product‚ Price‚ Promotion‚ and Place Needs are obviously met by the product itself. Needs‚ however‚ can also be met by the other components of what is called the marketing mix. These other components are Price‚ Promotion‚ and Place. The Price component of the marketing mix is defined as the original price that a producer sets for its product. This original price may be different from the final price paid by buyers because of promotional offers or because of individual
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Marketing Applications #1 Which environmental forces sociocultural‚ economic‚ political‚ legal‚ regulatory social ethical‚ competitive‚ or technical‚ might a marketer need to consider when marketing the following products in the international marketplace and why? • Barbie Dolls • Beer • Financial Services • Televisions International Marketing involves developing and performing marketing activities across national boundaries. Marketing is the process of creating‚ distributing‚ promoting‚ and
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2.1 Define segmentation (using more than just the textbook’s definition) According to Kotler et al. 1999‚ a market segment consists of consumers who respond in a similar way to a given set of marketing stimuli. Segmentation is the analytical dissection of a set of customers that possess the same attributes. A group of people would be divided into subsets based on their segmentation variables that are Geographic‚ Demographic‚ Psychographic and Behavioural (Cyr‚ Donald and Douglas Gray 2009). Market
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1. Introduction & History RND Berkat 1.1) Introduction of the product “RND Berkat”‚ is a company incorporated in Malaysia. They are producing local carbonated drinks containing less gas and less sugar. This company is one of the companies under the auspices of the SIM. There are seven flavors of carbonated drinks that have been produced‚ which are ice cream soda‚ grape‚ apple‚ Sarsi‚ strawberry‚ orange and cola. Before this RND Berkat only market their product in the state of Kedah‚ but now they
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strategic intentcompetitor analysiscompetitor identificationa. e. d. c. competitive marketing competitive advantage b. 3. According to the text‚ Porter’s five forces model considers all of the following except _____________ buyersnew entrantssubstitutesa. e. d. c. industry structure pricing b. 4. Customer _____________ analysis is conducted to determine what benefits target customers value and how they rate the relative value of various competitors’
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School of Marketing & International Business MARK 101: Principles of Marketing The Situational Analysis Report. Due: Two Page Draft (10%) - Thursday 4 April‚ 12pm‚ Assignment box‚ Location TBA. No extensions granted. Full Marketing Report (25%) - Wednesday 15 May‚ 12pm. Assignment box. Location TBA. Electronic Copy through Turnitin by 5pm Note: Any work
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Unit 1 – i Introduction to Marketing 1 About Me… b Professor Mark Runge markrunge.rmit@gmail.com k it@ il Cell # by request Office hours are by appointment 2 Class Structure The course will be structured as follows – I will lecture for the first part of class I will then assign discussion questions for groups to answer. You will have 20min to formulate your answers. You will then share these answers with the class. 3 Assessment Assignment 1: A
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