people) to develop a marketing plan for a product or service of one of the following icon Australian brands: Meadow Lea - Polyunsaturated margarine spreads Nestle – Milo (chocolate and malt powder) Sanitarium – Weetbix Holden – UTE (coupe utility vehicle) Jetstar Airways – Domestic flights RMIT- Associate Degree in Business or Diploma of Commerce Carlton & United Breweries – Crown Lager Fairfax Media – The AGE As you can see it is a specific product or service rather than a company, as
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importance as markets have grown geographically and become more complex, both domestically and internationally. In earlier times, mass production was a means of gaining economies of scale quickly but as the consumer has grown more affluent, their aspirations have increased and will only be satisfied by the product that suits their specific characteristics and requirements. Advances in technology have also helped companies to be able to make this differentiation, mostly the product is the same but
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steps in designing a customer-driven marketing strategy: market segmentation, targeting, differentiation, and positioning. 2. List and discuss the major bases for segmenting consumer and business markets 3. Explain how companies identify and attractive market segments and choose a market-targeting strategy 4. Discuss how companies differentiate and position their products for maximum competitive advantage Segmentation means diving a market into distinct groups with distinct needs, characteristics
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1. For each of the following products, identify the segmentation base that you consider to be the best one for targeting consumers: (Explain your choices) 1. - coffee ~ Behavioural- Attitudes and Preferences regarding the product 2. - soups ~ Behavioural- Attitudes and preferences regarding the product 3. - home exercise equipment~ Psychographic and Demographic personality, lifestyle and sociocultural values 4. - mobile phones ~ Demographic- Lifestyle usage and purchase behaviors, empiricial
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Higher National Diploma in Business Management An Introduction to Marketing Unit 4: Marketing Principles Outcome 1: Understand the concept and process of marketing Outcome 2: Be able to use the concepts of segmentation, targeting and positioning Task 1 – Outcome 1 You are a marketing manager for a chain of small cafes or restaurants in Dubai such as Tim Hortons, Starbucks or Costa Coffee. You have been asked to run a series of training sessions to new marketing assistants. Produce a
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of your company and products (all marketing mix variables) should blend together to present a unified message. Note that an IMC plan is NOT a marketing plan. An IMC plan is the portion of the marketing plan that involves all promotional aspects of the marketing plan. All communications with customers, including but not limited to • personal selling • consumer sales promotions • trade (channel) promotions • advertising • public relations • corporate as well as product positioning • customer service
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Marketing As a marketing strategy, market segmentation refers to the process of identifying and grouping consumers together based on similar needs and priorities, and subsequently designing marketing strategies that will best meet these common needs (Abell, 2010). Given the Urban Decay’s Naked Palette comprises of eye-shadow solutions that are primarily neutral, it is best suited for consumers in an official or relatively laid back environment. As such, segmentation should be pursued based on a geographic
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MARKETING STRATEGY OF BANGLALION WIMAX LTD. Submitted to: Saadia Shabnam Senior Lecturer Department of Business Administration East West University. Submitted to: Saadia Shabnam Senior Lecturer Department of Business Administration East West University. ------------------------------------------------- Submitted by: Khorshed Ahmmad Opu ID: 2009-1-10-135 Toukir Azam Chowdhury ID: 2010-2-10-202 ------------------------------------------------- Submitted by: Khorshed Ahmmad Opu
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Question 2 7 Total product concept 7 Price 8 In Malaysia: 8 Quality of product 9 Place 11 Packaging 13 Delivery and warranty services 13 Question 3 14 Situational Factors 14 References 16 Assignment question Choose ONE (1) of the following items (presented in bulleted points) and answer ALL the THREE questions below: * A popular brand of cosmetic product * An international car brand * A popular branded clothing line 1. Base on the product of your choice, discuss
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the company’s market strategy. You are required to make a comprehensive business report for Boots, proposing their marketing strategy options and assessing the marketing environments where the company operates. In doing this you need to address the four main tasks as follows. Case Study Boots is an easily recognizable part of United Kingdom retail scene. It has a long and trusted heritage in consumers’ eyes, having been established since 1849. It offers a very wide range of products and services
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