Exam 2 Key Terms CH.7 TRADE AREA- geographic are that incompasses most of the customrs who would patronize specific retail site. FREESTANDING SITE- indivisual isolated store unconnected to other retailers. OUTPARCELS- not connect to other stores in a shopping center but located on the premaces. CENTRAL BUSINESS DISTRICT- traditional downtown business are in city or town. MAIN STREET- shopping area in smaller town or to a secondary business district in suburb or within a larger city. INNER
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its consumers with an awareness that it touches their lives in many ways. That’s what makes Nando’s such a special brand‚ according to Thulani Mahlangu‚ Brand Manager (Marketing Support Southern Africa Region). Of course‚ the story of the company’s beginnings also plays a part here: Robbie Brozin and Fernando Duarte opened the first restaurant as a little neighbourhood eatery. It now has close to 273 restaurants around the country and more than 1 000 worldwide‚ employing over 7 000 people. Yet‚ despite
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The market environment is a marketing term and refers to all of the forces outside of marketing that affect marketing management’s ability to build and maintain successful relationships with target customers. The market environment consists of both the macroenvironment and the microenvironment. Microenvironment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself‚ its suppliers‚ marketing intermediaries‚ customer markets
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Take Home Test – 9982396 A. The external marketing environment (1000 words) Choose two environments within the external environment to analyse - demographic‚ socio-cultural‚ economic‚ technological‚ natural‚ competitive and political and legal (500 words per environment) Provide a definition of each chosen environment and justify in relation to your product (4 marks) Explain how each chosen environment impacts your product‚ using evidence from your research (business sources) to justify (20
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MARKETING TERM REPORT BY KHAN AKHTER RUMMAN SHAN FOODS ABOUT THE COMPANY: Shan Foods came into existence in 1981 when it began operations from a single room as it was Shan Masala back then‚ launched full range of spices to cater to local public‚due to its popularity Shan started exporting after a few years due to increased international popularity. But after sometime‚ the need to reposition the brand was felt. It needed to be repositioned as a food brand rather than a spice brand. Re-imaging the
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McDonald’s became a famous global name (refer to appendix 1) which had more than 33‚000 restaurants in 119 countries (McDonald’s‚ 2012). How could it operate profitably in a competitive market? It was due to the flexibility in the changeable marketing environment (Lovelock‚ 2002). The marketing environment can be assumed as a flexible system. Just like the human body which may die if it fails to adjust to environmental modifications‚ so the business also may lose if it does not adapt to external
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|MARKETING STRATEGY | | | |[pic] | | Diversity: Having a diverse workforce is fundamental to Fitness First’s success‚ | |not because it’s the right thing to do‚ but because it makes total business sense. We| |employ people from every background and walk of life. It gives
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Mac Donald’s Company 1) Economic Environment Even with current economic condition‚ M’cDonalds remains optimistic. According to Business Times (2009)‚ “McDonalds Malaysia expects its delivery service business to jump 40 per cent this year as its new call centre can handle more orders.” They invested over two million ringgit for setting up the new call center. In addition the Managing Director Azmir Jaafar‚ said the company “plans to invest 8 million ringgit this year to open between 15 and 20 new
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Cultural and political forces influence international marketing activity. Discuss the impact of these forces and illustrate your answers with examples. Cultural Language. Will language be a barrier to communication for you? Does your host nation speak your national language? What is the meaning of your brand name in your host country’s language? Customs: what customs do you have to be aware of within the country? This is important. You need to make sure you do not offend while communicating
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important questions the marketing manager must answer to design a winning marketing strategy. How does the manager go about answering these questions Chapter 1 Review Notes 1. Define marketing and discuss how it is more than just “telling and selling.” Marketing is managing profitable customer relationships. The twofold goal of marketing is to attract new customers by promising superior value and to keep and grow current customers by delivering satisfaction. Hence‚ marketing is defined as the process
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