exporting fashion jewellery and accessories. With a solid background of 20 years in the field of fashion jewellery manufacturing‚ the company with 50 employees and 82 subcontractors is looking forward to a steady growth; especially in the European markets. Well the small company Ecstasy Fashion started its business with one outlet only. Now they have around thirty one branches in the major cities of Bangladesh such as Dhaka‚ Chittagong‚ Sylhet‚ Khulna etc. In this way the journey of Ecstasy Fashion
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CASE ANALYSIS: EXPERIAN – Entering a new market with a new product 1. Executive Summary: Experian is a Credit Reference Agency enabling lenders such as banks and credit card companies‚ to share information about their customers’ credit accounts. The lender can then use information to assess and decide on the credit worthiness of an individual.The case of Experian is typical of a flanking marketing strategy. Although there was no mention of a looming competitor‚ the company diversified into
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Marketing mix plays a key role in an organization. It is because of its underlying factors they are price‚ place promotion ‚product. when the marketer takes more consideration of the factors the chances of the organization to prosper is very high. Price is defined as charges for the product or service‚ or the values that consumers exchange for the benefits of having or using the they product or services .in other words something we pay to get for another factor should be whether people
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operate‚ provides an essential background against which to understand and assess the benefits of focusing on students as customers. If higher education institutions understand the landscape in which they operate‚ they can begin to plan to serve the market effectively and efficiently with their marketing strategy. Being marketingoriented requires that organisations have knowledge on external forces (as explained in Chapter 2)‚ but also knowledge on customers’ needs and wants (to be addressed in Chapter
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Explain various levels of Product with examples? (10 Marks) For many a product is simply the tangible‚ phsysical entity that they may be buying or selling. You buy a new car and that’s the product - simple! Or maybe not. When you buy a car‚ is the product more complex than you first thought? In order to actively explore the nature of a product further‚ lets consider it as three different products - the COREproduct‚ the ACTUAL product‚ and finally the AUGMENTED product. These are known as the ’Three
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MARKETING MIX: PRODUCT AND BRANDING STRATEGIES Abstract Brands have now transcended their general definition of just being a name or logo that differentiates them from other products in the market to a more humane and characterized version to which people can relate to and come to depend on in their everyday lives. According to Fournier brands create relationship with customers. This paper agrees with the statement in the goods only category for Coca Cola however for the service only it does
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Mix Map Model Mixmap model provides information that helps the company to determine the factors that effectively analyse the present tactics and based on the analysis it can determine future tactics. Mixmap model includes 4P’s‚ Product life cycle‚ BCG matrix and Ansoff matrix. * Product life cycle - Product life cycles (PLC) are the stages that a product goes through during its life cycle in the market. Product life cycle is used in order to show current stage of the product or the company
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Parkson’s Promotional mix Promotional mix that used by Parkson included sales promotion‚ public relation and personal selling. Public Relation Public Relation also one of their promotional mix that Parkson applied in their business strategy.Parkson is a company that very concern on charitable contributions to society. Therefore‚ Parkson conducts a lot of Corporate Social Responsibility Programme such as “My Park” Programme. In this programme‚ Parkson had adopted many parks throughout Malaysia
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(a) Describe the promotional mix used by two selected organisations for a selected product/service. Coca-Cola Founded in 1886 by pharmacist Dr John S Pemberton in Atlanta‚ Georgia‚ The CocaCola Company is the world’s leading manufacturer‚ marketer and distributor of non-alcoholic beverage concentrates and syrups‚ and produces nearly 400 brands. www.coca-cola.co.uk/about-us/introducing-our-business.html Coca-Cola was invented by Dr John Stith Pemberton and first went on sale at Jacob’s
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drew 4‚896‚000 fans for 31 events. (History‚ 3) Each one of those fans has a favorite driver‚ and they are loyal to that driver. Which means that they will support the company that sponsors them by buying the product that is displayed on the car. This is where marketing research and market segmentation come into play. The owners of NASCAR do extensive research (i.e.‚ take off of work and go to a race) of the type of person that would attend a race. Based on that‚ they try to appeal to that person
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