1 EXTENDED ESSAY Business and management RESEARCH QUESTION: How efficient would it be for BP Mwanza‚ Tanzania to introduce pricing strategies such as penetration pricing to drive out their competitors in Mwanza‚ Tanzania. Candidate name: Zafar Mohamed Iqbal Abdullah Osman
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This is a comprehensive case…that is‚ we will look back at the inception of the Segway and describe briefly the marketing mix that would most likely bring success. We will do this by answering the critical questions that follow: 1. Pick a corporate goal by putting an “X” in the left column choosing goal 1-4 X | CG | Year 1 | Year2 | Year3 | Year4 | Year5 | | 1 | $100‚000 | $200‚000 | $300‚000 | $450‚000 | $600‚000 | | 2 | $1‚000‚000 | $1‚500‚000 | $2‚250‚000 | $3‚250‚000 | $4‚500‚000
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Strategic Attack Implemented by Tune Hotel To capture the distinctive nature of service performance‚ the original terminology of 4Ps’(product‚ place and time‚ price and other user outlays‚ and promotion and education)in marketing mix had been modified and extended the mixture by adding four other elements associated with service delivery which includes the physical environment‚ process‚ people and productivity and quality. These eight elements are referred to as 8Ps’. a) Product Tune Hotel provides
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Allure Vanguard October 7th Edition‚ compiled by Davina Ayodele http://issuu.com/vanguardngr/docs/07102012 allure/1 TITLE: Best skin care products for women in their 50’s The purpose of this report is to identify how the writer uses the marketing mix and the 4p’s to attract their specific target market. Whether you are young or old‚ skin care is an important part of caring for your body. It’s no wonder that skin care companies spend much time coming up with formulations designed to reach diverse
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footwear in the world‚ holding the lion share of 33% of the global market. The company has production facilities in Asia‚ sales facilities in almost 200 countries‚ and customer service and other operational units worldwide. The marketing mix or the 4p’s of marketing are product‚ price‚ place and promotion. Nikes 4p’s are the following: 1. Product Nike offers a wide range of shoe‚ apparel and equipment products‚ all of which are currently its top-selling product categories. Nike started
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Segmenting‚ Targeting and Positioning (STP) of Samsung Mobiles: Samsung Electronics (Mobile Division) operates in one of the most competitive markets of the world. According to the US Federal Communication Commission 67 new Smartphone devices are introduced every year. Samsung traditionally had a conservative image that focused on low-price products for the lower end of the market. With low prices it was able to compete in the lower-market whereas in the upper market it had lesser penetration. To
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perfect quality. Q2: How would you define the company’s target market? What is the current positioning strategy? Briefly explain Mavi’s 4Ps. A target market is a group of customers for which an organization designs‚ implements and maintains a marketing mix intended to meet the needs of the group resulting in mutually satisfying exchanges. Mavi jeans mostly focus on young women. Mavi uses a value positioning strategy because they emphasize not only the importance of high quality and comfort‚ but also
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groups based on demographic variables including age‚gender‚ family size and life cycle. The following four variables are examples of demographic factors used in market segmentation: 1. Age : Consumer needs and wants change with age. The marketing mix may therefore need to be adapted depending on which age segment or segments are being targeted. Case Study : The lure of generation Y With a plethora of anti-ageing products flooding the market‚ catering for society’s baby boomers would appear to
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ADAPTATION STRATEGIES Once a decision for a market entry mode has been made‚ a firm must decide how much‚ if any‚ to adapt its marketing mix—product‚ promotion‚ price‚ and distribution—to a foreign market. Warren J. Keegan (1995) distinguished five adaptation strategies of product and communication to a foreign market (see Table 1). These strategies are discussed briefly below. Straight Extension In straight extension the same product is marketed to all countries (a "world" product)‚ except for
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Chapter 1 Marketing : Definitions Marketing comes in a wide variety of flavors based on audience‚ media platform and business in today’s evolving and dynamic marketplace. Therefore‚ it’s no surprise that marketers define what they do differently. According to the American Marketing Association (AMA) Board of Directors‚ Marketing is the activity‚ set of institutions‚ and processes for creating‚ communicating‚ delivering‚ and exchanging offerings that have value for customers‚ clients‚ partners
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