IN A FIRM MUST CONSTANTLY MONITOR COMPETITORS ’ ACTIVITIES Submitted by: Veronica Urueña Lopez Student ID: WWA3028 Subject: Marketing Management Holmes Institute MARKETING DECISION MAKERS IN A FIRM MUST CONSTANTLY MONITOR COMPETITORS ’ ACTIVITIES - THEIR PRODUCTS‚ PRICES‚ DISTRIBUTION‚ AND PROMOTIONAL EFFORTS. INTRODUCTION It has long been recognised that the process of monitoring‚ understanding and responding to market competitors constitutes a significant factor to
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1.0 Introduction The aim of this case study is to critically analyze the current strategic situation and future strategic direction of JD Wetherspoon Plc by using the macro and micro environment analysis‚ to illustrate and evaluate its internal and external situation and its competitive position. As well as to gain competitive position in the market. To implement and analyze the strategy using Porter’s five generic forces and also discuss a possible strategic direction; by combining with the
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PORTER’S ANALYSIS Bargaining power of suppliers Affect profitability since they might supply products at high cost. The higher the bargaining power of suppliers‚ the more costly it becomes for customers. The suppliers are powerful‚ and there are many buyers. SAB is powerful because they have more customers and they are more powerful than their substitutes. Example: SAB should design standardised components that can be purchased from many suppliers. Bargaining power of buyers Consumers
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1. 15.1.3 Intensity of rivalry among existing firms in an industry increases when I. Products are relatively undifferentiated II. Consumer switching costs are low A. I only. Answer (A) is incorrect. Low consumer switching costs also increase rivalry. B. II only. Answer (B) is incorrect. A low degree of product differentiation also increases rivalry. C. Neither I nor II. Answer (C) is incorrect. Both low consumer switching costs and a low degree of product differentiation increase
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years ago. The deregulation allowed the barriers disappearance and with this‚ the competition was increased. But‚ the FSCs (Full Service Carriers) allowed high fixed costs and economics of scale. So‚ it’s possible to mention that the threat of new competitors is low. The second threat is the substitute’s power. It’s necessary to have in mind the necessity of being aware of yours competitor’s services‚ because they are your point of differentiation. In this industry the substitutes are the main vehicle
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6 Strategical Analysis 7 Conclusions 8 Product Portfolio against B.C.G Matrix: Question Marks Stars Market Growth Rate Diagnostics Services (Biggest Competitors Johnson & Johnson‚ Roche) Nutritional Products (Biggest competitor Nestle) Dogs Cash Cows Diabetes Care (Biggest Competitor Roche (Accu-Check) ] Pharmaceutical Products [Biggest Competitors GSK (Panadol)‚ Searle (Nuberol)] Relative Market Share Strategical Analysis: All the marketed
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Report on the Market Research about P&G Name:CXY studentID:080810202 Objective of the research P&G attach great importance to Consumer Understanding. We can testify it through the quotation in its website: No company in the world has invested more in consumer and market research than P&G. We interact with more than five million consumers each year in nearly 60 countries around the world. We conduct over 15‚000 research studies every year. We invest more than $350 million a year in consumer understanding
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Pick n Pay’s customer’s and their evolving needs. Situation Analysis: In 1967 Raymond Ackerman purchased four small stores‚ launching Pick n Pay as South Africa’s first food discounter. The key aspect of the company is a quintessential family store focused on the customer. Since then Ackerman’s vision has grown and now has expanded to further countries such as: Zambia‚ Mozambique‚ Mauritius‚ Swaziland and Lesotho. Company Analysis: Due to the fact that Pick n Pay is a quintessential family
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number and type of competitors) · what is needed to make the product? (Find the availability and cost of staff‚ equipment‚ services‚ raw materials‚ ingredients and packaging) · what is the cost of producing a product? (Calculate the capital costs of getting started and the operating costs of production) · what is the likely profit? (Calculate the difference between the expected income from sales to an estimated share of the market and the costs of production) Market analysis Although telephone
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knowledge and understanding of the concepts of marketing research. Summary of outcomes To achieve this unit students must: 1 Identify and evaluate models of buyer behaviour 2 Identify and evaluate market research techniques 3 Carry out a competitor analysis 4 Identify and apply methods of establishing customer satisfaction levels. B004517 – Higher Nationals in Business – Guidance and Units – Issue 2 – July 1999 117 Content 1 Buyer behaviour Customers and behaviour: approaches used
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