PLANNING A RETAIL BUSINESS THE STRAWBERRY DONUTS By: STUDENTS NAME | NO. MATRIX | FATIN AZMINA BINTI ZAINAL | 2012302435 | SITI SYAFAWATI FAZIRA BINTI MOHD IKHSAN | 2012526473 | NURSYAZREEN BINTI SHADON | 2012376423 | NOOR HAMIZAH SYAZWANI BTE HARRUN | 2012511913 | DIPLOMA IN CULINARY ART HM1151A2 DATE OF SUBMISSION 13 MAC 2013 PLANNING A RETAIL BUSINESS
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Elements of Marketing Mix "A typical marketing mix includes a product‚ offered at a price‚ with some promotion to tell potential customers about the product‚ and a way to reach the customer ’s place" (Perreault & McCarthy‚ 2004‚ pg. 36). A company will use the marketing mix in order to control variables in marketing to satisfy a target group. This paper will describe the four elements of the marketing mix; product‚ place‚ price‚ and promotion. In addition‚ the four elements of the marketing mix will
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Retail mix literature review Retail mix elements are customer service‚ store ambience‚ communication mix‚ location‚ merchandize assortment and pricing. Customer service According to National skill Development Corporation‚ there is a skill gap in human resource in India for following retail management operations. They are Store operations‚ merchandizing‚ purchase‚ logistics and marketing. My area of study is interaction with customer. [Source: National Skill Development corporation in organized retail
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Retail Service Mix 2 – Location Management In this report i will discuss the stages of location and what may prevent them from happening. I will also include the methods of catchment‚ site selection analysis and comparison. I will also discuss the importance of store location and the recent changes in Marks and Spencers. 1. McGoldrick believes that there are 3 stages in discovering the perfect location for a new store‚ Search‚ Viability and Micro. Search is identifying a location where
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D-MART Location D-Mart is situated at a strategic location at Bhandup and Mulund Junction. There has been a drastic change in the Bhandup-Mulund belt since last two years. Most of the industries along this side are converted into residential areas while the remaining are closed down. This area has got lot of potential in terms of customers. This is the reason malls have cropped up in this area. There are 2 more malls nearby namely Nirmal Lifestyles and R-Mall‚ which are crowded. The middle income
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Management‚ Vol. 6‚ No.2‚ 2014 TheConc e ptof‘ Mar ke t i ngMi x’andi t sEl e me nt s (A Conceptual Review Paper) Dr. Muhammad Tariq Khan Head‚ Department of Management Sciences University of Haripur‚ Pakistan tariq_phd_@yahoo.com Abstract Marketing mix is the most fundamental concept of marketing which is a set of controllable marketing tools that a company uses to create a desired response in the targeted market. American Ma r ke t i ngAs s o c i a t i onpr e s i de nt i a la ddr e s sc oi ne dt
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Describe the elements that make up the marketing mix. Marketing mix often called “4Ps” refers to four elements of a firm’s marketing strategy which are designed to meet the needs of customers. The elements include: Product Price Place Promotion To meet consumers’ needs‚ businesses must produce the right product‚ at the right price‚ make it available at the right place‚ and let consumers know about it through right promotion. PRODUCT: It is the actual offering to the customer. It refers
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Marketing Mix and Petrol Retail Outlet As of December 2010‚ there were 207 petrol stations in Singapore. These stations are owned and operated by four major players in the petroleum retail industry. They are; Shell Eastern Petroleum Pte. Ltd (Shell)‚ ExxonMobil Asia Pacific Pte. Ltd (Esso)‚ Chevron Corporation (Caltex) and Singapore Petroleum Company (SPC). In this essay‚ we’ll be looking at how these four players apply the Marketing Mix in running their petrol stations across Singapore. Marketing
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introduced the term Marketing mix‚ an extension of the work done by one of his associates James Culliton in 1948. Marketing Mix - A mixture of several ideas and plans followed by a marketing representative to promote a particular product or brand is called marketing mix. Several concepts and ideas combined together to formulate final strategies helpful in making a brand popular amongst the masses form marketing mix. Elements of Marketing Mix The elements of marketing mix are often called the four
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Flow of the Taxonomy “Elements of a Marketing Mix” 1. Market Research – “eyes and ears of the firm” a. Data b. Target Market c. Demographics d. Quantitative e. Who/What/When/Where 2. Consumer Behavior – “mind of the buyer” a. Psychographics b. Qualitative c. Why 3. Product Adjustment/ Product Management a. Form utility b. Brand c. Price d. Package e. Position - projected/received
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