BU7702 ASSIGNMENT2 Introduction: This report explains about marketing concept‚ its important and critically evaluates the nature‚ role and vale of marketing activities of Primark retail store. Marketing concept is an ever learning and never ending concept. Marketing plays a vital role in any organization’s success. The concept of marketing is being redefined all the time. In early days people used to think the function of marketing is nothing but the establishment of contact between the seller
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Primark is a very large‚ popular retailer with stores not only in the UK but all over the world. It has a total of 262 stores‚ most of them in the UK. Its very sucesssful.The prices are very cheap because the clothes are low quality of the products. Primark sell different products like women clothing‚ men clothing‚ shoes‚ accessories‚ baby clothing‚ children clothing‚ underwear‚ swimwear and nightwear. The store I am using as my example of a large retailer is located in the heart of Liverpool. Primark
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BCG MATRIX FOR NESTLÉ BANGLADESH LIMITED SBUs INTRODUCTION Strategic business unit (SBUs) a single business or collection of related business that can be planned separately from the rest os company‚ with its own set of competitors and a manager who is responsible for strategic planning and profit performance. Question Marks- Build Strategy‚ Stars-Hold Strategy‚ Cash Cows-Harvest Strategy‚ Dogs-Divest Strategy. In the commercial arena‚ the choice of an effective strategy is perhaps the most important
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Q) Primark‚ one of the UK’s most popular retailers of budget clothing‚ has been rated the country’s “least ethical retailer”. With reference to Primark or any business you have studied‚ to what extent does a company’s ethical stance determines its long term success? = In recent years‚ changes in consumer concerns have led many firms to consider the ethical behaviour. Not everyone agrees on what’s ethical‚ but opinions differ on whether it is unethical or not. Primark has been considered as the “least
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Question 1 1.1 The BCG Matrix is still viable and usable in today’s world and is still a significant tool used by businesses. The BCG Matrix looks at the impact an investment will have on the company. The BCG Matrix works on two axis‚ Namely the vertical and horizontal axis. The vertical axis will indicate the growth rate and the horizontal represents the market share. The matrix assumes that a company must focus on its mature markets and form a strong competitive position in the market ultimately
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Primark Retail 1. Introduction of Primark. Background Our research purpose Primark‚ which was build up in Ireland‚ is one of the fast fashion leaders in the UK retail market. The all 181 stores spread over Ireland‚ Spain‚ and the UK. The competitive advantage of the group is producing volume clothes and selling them in cheap price. Primark sell different catalogue product‚ women clothing‚ men clothing‚ shoes‚ accessories‚ baby clothing‚ children clothing‚ underwear‚ swimwear and nightwear
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Primark: An Overview Primark Stores Limited is an Irish clothing retailer. Its stores are located in various regions like United Kingdom‚ Ireland‚ and Spain. Within this area of responsibility‚ Primark stores outnumbered other clothing retailer business‚ with one hundred sixty one stores overall distributed in three major regions: one hundred twenty-five in the United Kingdom‚ thirty-four in Ireland and eight in Spain. The company positions itself as marketing fashionable at cutthroat
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Use of BCG matrix (2010) it can be use to access the relative growth rate of the organization against the industry average. According to Saaksvuori Antti and Jmmonen Anselmi (2008) PLC can be used both proactively and retrospectively. Proactively‚ Primark need to access how it think that its product will perform through its PLC and a marketing strategies and marketing mix that should accompany each stage. Grant R.M. (2002) has stressed retrospectively‚ as a tool of assessment that when Primark can enter
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DEFINITION BCG MATRIX Boston Consulting Group (BCG) Matrix is defined by the following authors as follows: Table 1 Definition of BCG Matrix Pearce (2013) David (2012) BCG Matrix is an approach pioneered by the Boston Consulting Group that attempted to help managers “balance” the flow of cash resources among their various businesses while also identifying their basic strategic purpose within the overall portfolio. It is also known as “portfolio techniques”. BCG Matrix graphically portrays
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Placing products in the BCG matrix results in 4 categories in a portfolio of a company: BCG STARS (high growth‚ high market share) - Stars are defined by having high market share in a growing market. - Stars are the leaders in the business but still need a lot of support for promotion a placement. - If market share is kept‚ Stars are likely to grow into cash cows. BCG QUESTION MARKS (high growth‚ low market share) - These products are in growing markets but have low market share. - Question
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