Marketing & Advertising Strategies Exercise 2 Chloe Choo Mathisha Mahawalage Leow Shu Min Introduction of the Market The Wedding and Bridal industry in Singapore is currently growing and still thriving and believed to be a billion dollar industry. Many believe that it has not reached its fullest potential; from the rising demand of wedding couples wanting to make their special day more special than anyone else’s. These hopeless romantics go out to great lengths to create and tailor a wedding that
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LONDON SCHOOL OF COMMERCE COLOMBO CAMPUS SRI LANKA MBA FOR EXECUTIVES MODULE ASSIGNMENT : MARKETING MANAGEMENT Student Name: MAHESH UDUGAM KORALALAGE Student Registration No.: 0030nlnl0912 Module Lecturer: Khaldoun Dia-Eddine Module Tutor: Wimarshana Wijesuriya Date Submitted: 25.10.2012 Total Word Count: 2‚121 (Excluding references – Annex 1) “Gillette Fusion ProGlide Power” Razor in Sri Lanka 1. Executive Summary Gillete is the dominant market
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Chapter 10 Brand and Product Decision in Global Marketing Case 10-2 the Smart car 1. What is Smart`s competitive advantage? Its brand image? * Smart`s competitive advantage is a eco-friendly car with a specific emphasis on fuel economy and parking ease. This car is efficient and affordable. Their conception is providing tiny high-class quality cars with almost no damage on environment. They also give the opportunity for customization by switching the panels on the car. Their brand image
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Price skimming is a pricing strategy in which a marketer sets a relatively high price for a product or service at first‚ then lowers the price over time. It is a temporal version of price discrimination/yield management. It allows the firm to recover its sunk costs quickly before competition steps in and lowers the market price. Price skimming is sometimes referred to as riding down the demand curve. The objective of a price skimming strategy is to capture the consumer surplus. If this is done successfully
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companies. Having gained the market leadership position in computer products and services‚ Dell’s team have always been careful in sustaining its marketing strategy of providing standard-based computing solutions. Marketing Environment Dell’s strategy is global. It realizes that being closer to the customers is essential in carrying out its marketing strategies as well as in enabling it to build customer base. First by establishing the Internet infrastructure for booking/orders related activities
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| | Relationship Marketing Approaches in Services Marketing | | | Over the last years the focus of marketing has changed from transactional to relationship marketing because companies realized that is cheaper to keep old customers rather than attracting new ones. Also this shift has occurred because of the intense rivalry that can be noticed in every industry. Besides its main goal of retaining customers and encouraging repeats‚ relationship marketing also creates value through
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Target customer segments: “Researchers identify consumer segmentation as a critical predictor of new product or service success” (Gofman 604). Even though both Smart Car and Honda Civic are popular vehicles in the global market‚ they choose different segmentation strategies for targeting their potential customer base on the characteristics of segmentation‚ such as age‚ income level‚ life style‚ and other relevant factors. According to kabadayi‚ Alan‚ and Ozhan‚ “We can see that while
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"Marketing is the management process responsible for identifying‚ anticipating and satisfying customer requirements profitably." The official academic definition from The Chartered Institute of Marketing (CIM). This means the ideas‚ the brand‚ how you communicate‚ the design‚ print process‚ measuring effectiveness‚ market research and the psychology of consumer behaviour all count as part of the bigger picture of ‘marketing’. Watch the videos below to find out more about marketing. Marketing
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A marketing strategy blends the elements of the marketing mix‚ also known as the four P’s (product‚ price‚ placement‚ promotion). The promotion element involves communication‚ and one type of communication is advertising. The advertising strategy combines the elements of a creative mix. This mix includes the target audience‚ product concept‚ communications media‚ and the advertising message.In order to create an effective advertising message‚ it is important to know who your target audience is. The
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Investigating Marketing By ASIM BEHARI Contents Page Page No A) Identifying Marketing Aims and Objectives - Introduction - Product decisions 4 - Marketing aims and objectives - Target market and segmentation B) Using Appropriate Methods of Market Research - Choice of Product - Price - Promotion - Place - Competitors - Overall Market Context - Target Market/Segment - Evaluation of Methods C) Choosing an Appropriate Marketing Mix
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