7.Explain the difference between search‚ experience and credence qualities giving suitable examples. Discuss their implications for services marketers. SEARCH -is the activity of looking thoroughly in order to find something or someone try to locate or discover‚ or try to establish the existence of; In the marketing concept‚ we conduct consumer research -to determine consumer needs / wants. -then to try to satisfy the consumer with a product or service. -then create a sense
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Research the Braaap organisation at: BRAAAP BRAAAP company has been established by Brad Smith. The business started when Smith imported elite motocross bikes from Asia‚ and then moved into bike design and manufacture. Noticing a gap in the market‚ he expanded the business in 2008 into a retail concept store‚ selling motocross bikes‚ accessories and street wear‚ with the unique addition of an indoor foam pit for the practicing of jumps and tricks on BMX In 2008 he thinks a retail outlet
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The marketing mix in marketing strategy: Product‚ Price‚ Place and Promotion The marketing mix is the set of controllable‚ tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product. It is also a tool to help marketing planning and execution. The four Ps of marketing: product‚ price‚ place and promotion. The marketing mix can be divided into four groups of variables commonly
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1) The marketing mix consists of 4P’s. Explain how each part of the mix can be used to stimulate a response from the chosen target market. The 4P’s‚ price‚ product‚ place‚ and promotion that make up the marketing mix play a vital part in stimulating a response from the chose target market. These will ultimately be the deciding factors as to whether the target market will purchase the product or not. Although there are 4P’s‚ most companies will look a bit further to the 7P’s in order to stimulate
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References: Greg‚ E. (2012). Service marketing. Marketing (2nd ed.‚ pp. 399-400). Australia: John Wiley & Sons Australia. (Original work published 2010). Hung‚ Chun W (2012). Integrated marketing communication. Retrieved May 4‚ 2012‚ from http://press.emerson.edu/imc/2012/05/04/are-leather-shoes-the-secret-of-din-tai-fung/#more-1628 Learn Marketing. (2013). Service marketing mix (Extended marketing mix). Retrieved from http://www.learnmarketing.net/servicemarketingmix
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Case Study The marketing mix provides is a part of company’s business plan. Marketing mix is the best method when planning to market any kinds of products or goods. This is otherwise called four Ps‚ which are place‚ promotion‚ price and product. This certainly benefits the business by put items and administrations unequivocally on the ideal spot‚ at the right cost and at the key area. This article will describe the components of marketing mix‚ and also to analyse whether marketing mix component affects
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cdl@gitam.edu MPDBA 201: FINANCIAL MANAGEMENT 5 X 3 =15 Marks ASSIGNMENT – I 1. Write a comparative note on ‘Accounting Standards’ and ‘Accounting conventions’ and ‘Accounting Concepts’. 2. Explain cash flow and funds flow analysis with suitable example from an existing corporate entity for at least three years i.e.‚ 2008‚ 2009‚ 2010. 3. Explain the role of ICAI in preparation of various Accounting Standards. List out various standards pronounced by ICAI‚ New Delhi. 4. Prepare format of ‘Profit and
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4.1 Marketing mix The marketing mix is one of the major concepts in modern marketing and is often brought up in general discussions of marketing. Marketing mix is a set of marketing tools that a company uses to pursue its marketing objectives in the target market. When a company is making decisions on marketing they generally fall into four controllable categories known as the 4 P’s: product‚ price‚ place and promotion. As shown in the figure 3; in Kotler’s Marketing mix chart the target
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products (e.g.‚ $2.50 bottle of water‚ $150 running shoes‚ etc.). Is it unethical to charge high prices when the cost of making a product is significantly less than the retail price? Provide examples. Respond to at least two of your classmates General Questions - General General Questions BUS235 Week 1 DQ 1 Marketing Trends BUS235 Week 1 DQ 2 Customer Needs and Wants BUS235 Week 2 DQ 1 Market Research BUS235 Week 2 DQ 2 Customer Loyalty BUS235 Week 3 Assignment Retail
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Sa Sa is very successful on their business which make them has over 270 retail stores and counters in Asia‚ covering Hong Kong‚ Macau‚ Mainland China‚ Singapore‚ Malaysia and Taiwan. Therefore‚ our group interested in analyzes and evaluate the marketing mix of the Sa Sa’s promotion which includes the personal selling and advertising. And we will also analysis the place to see how Sa Sa Company distributes their products by applying some consumer behavior concept and see how company can maintain a
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