MPK732/932Marketing Management Written Assignment Trimester 1‚ 2012 Assignment on Virtual Shopping moves into grocery aisles Lecturer : Dr. Ho Yin Wong Group Members: Rudradutt Dave 212104408 YeduguriTejeshwar Reddy 212086416 Sameer A Shaikh 212096123 Gurbir Singh Gill 211725223 Due Date: 7 May 2012 Word Count: 4‚259 Table of Contents | Sr.no | Title | Page No | 1 | Introduction | 3 | 2 | Background | 4 | 3 | The environment‚ research and behaviour | 5 | 4
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Past Exam Questions Question 1 (Marketing – delivering and capturing value) a) Imagine you are purchasing a new IPAD device during the summer holidays. Discuss the types of marketing value you would get from purchasing and using this product offering (8 marks) b) Discuss what is meant by the following marketing terms a. the production concept b. marketing concept c. societal marketing concept (6 marks) c) Why are marketing relationships becoming more important for sellers? Identify
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1.2 Introduction ’Marketing is so basic that it cannot be considered as separate function. It is the whole business seen from the point of view of its final result‚ that is‚ from the customer’s point of view’. - Peter Drucker. Marketing is indeed an ancient art; it has been practiced in one form or the other‚ since the days of Adam and Eve. Today‚ it has become the most vital function in the world of business. Marketing is the business function that identifies unfulfilled needs and
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Evaluate the contribution of Mintzberg’s concept of 5 Ps for strategic thinking‚ illustrating your answer with appropriate examples. Mintzberg (1989) has suggested the 10 different schools of thought for strategy. In the 10 schools of thoughts‚ they are categorized into two major approaches to strategy; one is the Prescriptive approach while another is the Descriptive approach. The Prescriptive approach focusses on the formulation of strategy in intended manner while the Descriptive approach views
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Home Improvement strives to provide marvellous shopping experience that consumer have never experienced before via marketing strategies. This essay will outline the marketing environment analysis of Masters Home Improvement in terms of macro and micro factors. Then‚ it will discuss the marketing approach. In the end‚ some recommends will be given to Masters Home Improvement. 1. Marketing Environment Analysis—Micro Trends 1.1 Customers According to Kotler and Armstrong (2012‚ p. 93)‚ Customers are
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The four concepts which organizations use to design their marketing strategies (product concept‚ production concept‚ selling concept‚ and societal marketing concept) are important because they serve as a guide for businesses to plan and carry out their marketing and selling efforts. The production concept is the oldest of the concepts in business. It proposes that customers prefer products that are cheap and widely available. organizations that focus on this concept are likely to concentrate on
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company has opened 253 stores in 24 countries in 2008. Today IKEA is the world’s largest home furniture retail shop; they have a different concept for shopping. While families are choosing their own home designed furniture‚ they could rest in one of IKEA’s restaurant that serves Swedish food‚ or just buy the groceries from the designated shop in IKEA. Their concept differs from the usual idea of shopping; it combined an affiliation between economy and environment‚ to have the most suitable prices matching
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new or existing. The effect that these challenges has on a company doesn’t solely depend on whether they are new or existing but also what industry they are in‚ the product they marketing‚ the existing market etc. The effect will vary for different industries and businesses. I feel that for established businesses‚ the best opportunity is advances in technology. Established businesses should have the resources to keep up-to-date and upgrade their systems‚ even create new products that keep up with
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and people for service marketing (Kotler et al 1999)‚ As a direct consequence brand image has a significant feature of current marketing strategy is now measured as
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International Journal of Information‚ Business and 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
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