market in India is much more than mere market dynamics in a particular car segment. It is a reflection of the changing lifestyle of the affluent class in the country. Luxury car majors in India - Mercedes-Benz‚ BMW and Audi put together have around 85% market share. The German car brand Mercedes-Benz had first-mover advantage as it had started operations in India in 1995 and there was no direct competition in this category. So‚ it remained ‘Numero Uno’ luxury car brand in India for more than
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For analyzing the promotional mix and IMC roles we have to know first about promotional mix and Integrated Marketing Communications (IMC). The Promotional Mix: 1. Advertising- Any paid presentation and promotion of ideas‚ goods‚ or services by an identified sponsor. Examples: Print ads‚ radio‚ television‚ billboard‚ direct mail‚ brochures and catalogs‚ signs‚ in-store displays‚ posters‚ motion pictures‚ Web pages‚ banner ads‚ and emails. 2. Personal Selling- A process of helping and persuading
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society and organization. To achieve desired sales results‚ entrepreneurs must consider all forms of promotion and decide which ones should be used and in what proportion. The combination of different forms of promotion is called the promotional mix. These are advertising‚ personal selling‚ public relations‚ sales promotion‚ direct marketing Presentation and promotion of ideas‚ goods‚ or services by an identified sponsor. Examples: Print ads‚ radio‚ television‚ billboard‚ direct
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Running Head: PROMOTION Promotional Decisions in Marketing Nadine Mwihaki Maina 08smc119 Principles of Marketing BCM208 Mr. Kiarie TABLE OF CONTENT 1. INTRODUCTION 1.1 Definition of promotion 1.2 Reasons for promotion 1.3 Elements of Promotion 1.4 Promotion Strategy 2. ADVERTISING 2.1. Definition of advertising 2.2. Tools used in advertising(Seven steps of advertising) 2.3. Types of advertising 2.4. Reasons for advertising 3. PUBLIC RELATIONS 3.1. Definition of public relations 3.2. How public
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Unit 10 – Promotional Activities Marks and Spencer Plc Section 1.0 - Introduction Throughout this assignment‚ I will be producing a plan of a promotion campaign for an existing business. I have decided to choose Marks and Spencer Plc. I will be looking at how Marks and Spencer use promotional activities and incorporate them into a promotional mix creating a vital choice in the success of the promotion campaign. As well‚ I will be considering whether promotional activities can affect a business’
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Company Background 5 ------------------------------------------------- 5. Analysis 5-20 ------------------------------------------------- 5.1 Market Mix 5-11 ------------------------------------------------- 5.1.1 Product 5-6 ------------------------------------------------- 5.2.2 Price 7 -------------------------------------------------
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Executive Summary The marketing mix elements are the basic‚ tactical components of a marketing plan. Also known as the Four P’s‚ the marketing mix elements are price‚ place‚ product‚ and promotion. This report will compare the marketing strategies used by Mercedes Benz and BMW both of which are German car manufacturers. Mercedes-Benz will discontinue the CLK model after 2010 and replace it with a coupe and convertible based on the new E-class. In comparison BMW has been extending its product portfolio
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The promotion that I have located is a promotional campaign from PepsiCo Vietnam for its new snack product Poca Twisties‚ which is also known as Twisties in other Asian market like Singapore‚ Malaysia or Thailand (this is an equivalent to PepsiCo’s Fritos/ Doritos for the Asian market). Beside using traditional promotion methods ad like print ads or broadcast ads (which will still be used after this specific campaign is over)‚ the main content of this campaign is heavily emphasized on social media
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PROMOTIONAL STRATEGY There are various ways to communicate with potential customers. Promotional strategy includes a mix of advertising‚ publicity‚ sales promotions‚ personal selling‚ and public relations. Each component of the promotional mix plays a role in your effort to have potential customers learn about your business and buy your goods or services. Your promotional strategy must address the who‚ what‚ when‚ where‚ and how much money to spend. The "Who" of Your Promotional Strategy
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you’re probably wondering which kind or promotional strategy would be best for your product‚ and you would be right to wonder about this. Not every product can be marketed in the same way. Truth be told the promotional strategy is based solely on the product or service. There is no list of defined laws for promotion. The best I can do is give some examples of promotion and explain some points. The rest is really up to you. For simplicity sake all of my promotional examples are taken from the gaming
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