optimal use of the elements of promotion (Advertising‚ Sales Promotion‚ PR & Personal Selling). THE ROLE OF PROMOTION Competitive Advantage High product quality Rapid delivery Low prices Excellent service Unique features MARKETING COMMUNICATION PROCESS Communication is the process by which we exchange or share meanings through a common set of symbols. 2 categories of communication: a) Interpersonal communication: Direct‚ face-to-face communication between two or more
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Market research is a process of discovering information for the use of making marketing decision in business. Therefore‚ it is an essential component of understanding the market. It can be used for solving problems‚ identifying future opportunities and threats‚ generating ideas and to determine how to create‚ communicate‚ deliver and exchange offerings for stakeholders of a business. There are five steps in the market research that could be adopted by the Malaysian marketers. The first step is
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Electric which isworld biggest electronics British company. It’s what you’ve to do with BCG Matrix. GE Matrix Explanation Invest: It is used to strengthened and build thesekinds of SBUs (Strategic Business Units). Bold andwell financial marketing efforts are needed here. It’s basically use when you start a new business as thename suggests. Protect: It’s used to protect your current SBUs. LikePEPSI is protecting its product. Because Coke is thecompetitor of PEPSI and they’re allocating
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Attributes Describe the attributes of your product or service in detail Product attributes help organizations edge out competition by highlighting or providing personalization GNC know all too well that some weight management plans can leave you feeling like you are missing out on good foods. But with GNC popular weight management plans you do not have to forfeit your favorite foods and still managed your weight. GNC offers the customers their own meals menu simply handpicked by the customers
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Assignments for Module #8 James Ramon Gibson BUS530- 2012 YG Module #8 August 24‚ 2013 Check Your Understanding: 1. A/n XXX is a cross-functional group charged with developing a specific product or business. 2. XXX is a method for deriving the utility values that consumers attach to varying levels of a product’s attributes. 3. XXX is the practice of buying goods and services from foreign vendors. 4. In a XXX foreign investors join with local investors to create a company in which
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expedited the whole world automobile industry power revolution‚ each kind of new energy automobile will realize the industrial production brand-new time to arrive officially. The Hybrid-Electric Vehicle is favored especially in the international marketing‚ the mix power wind blows hot around the world comprehensively.. But Hybrid-Electric Vehicle is recent most has the possibility to us to realize the industrial production vehicle type. As the first type of Hybrid-Electric Vehicle‚ which can be produced
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Case Study 1 Salon Promotions Hair is important to most people across the world and to women in particular. Visits to the hairdresser are motivated by a variety of reasons and some of these motivations can be associated with phases in peoples’ life stages‚ as set out in Table 1. Hair care products have been designed to appeal to different markets and at one end of the spectrum inexpensive shampoos and conditioners can be purchased from supermarkets‚ grocery stores and corner shops‚ on an everyday
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(2001a). “From the Pentagon: a new identity framework”. Colvin‚ G. (2007). "Steve Jobs ’ Bad Bet". Fortune. Retrieved on 28th March 2013. Hatch‚ M. J. and Schultz‚ M. (2003). "Bringing the corporation into corporate branding"‚ European Journal of Marketing‚ 37 (7/8)‚ pp.1041 - 1064 Herbig‚ P. and Milewicz‚ J. (1995) "The relationship of reputation and credibility to brand success" Knapp‚ P. M.‚ Evans‚ J. and Cullen‚ C. D. (2001). Designing Corporate Identity: graphic design as a business strategy Markoff
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Price is often the deciding factor in whether a product succeeds or fails. Since LV products are of luxury brand‚ we all know that LV always sells products with high prices and LV has not had a sale in 154 years. Louis Vuitton prohibits bargain sales. A core of Louis Vuitton’s pricing strategy is to sell the products to all of its customers at the same price no matter the location. We find out that LV has used the combination of prestige pricing and psychological pricing strategies. 1. Theory
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[pic] [pic] MARKETING MANAGEMENT “TROPICAN RELAUNCH CAMPAIGN” [pic] TABLE OF CONTENTS INTRODUCTION 3 Company Profile — PepsiCo 3 Vision 3 Mission 4 ‘Tropicana’ — History & Brand 4 Price Ranges 6 MARKET ANALYSIS 7 Industry Analysis 7 Competitor Analysis 7 SWOT Analysis 8 INTEGRATED MARKETING COMMUNICATIONS PLAN 9 Target Market 9 Communication Objectives 9 Advertising Message 10 New Product Range Variants
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