Positioning strategies Premium pricing strategy It is used to maximize profit in areas where customers are happy to pay more. The practice is intended to exploit the tendency for buyers to assume that expensive items enjoy an exceptional reputation or represent exceptional quality and distinction Example: Louis Vuitton‚ Rolex‚ first class air travel‚ luxury hotels etc. are products and services applying a premium pricing strategy. Economy Pricing Supermarkets often have economy brands
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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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Strategic Planning Business Unit Strategic Planning • SWOT Analysis – External Environment Analysis (Opportunity and Threat Analysis) • Marketing Opportunity – Buying opportunity more convenient or efficient – Meet the need for more information and advice – Customize an offering that was previously only available in standard form Business Unit Strategic Planning – Marketing Opportunity Analysis (MOA) • Can the benefits be articulated to a target market? • Can the target market be reached with cost-effective
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Target Market and Segmentation The core of market segmentation is satisfying the customer’s needs and wants. However‚ that is hard to achieve because all buyers have different perspectives and needs as well as customer’s needs and preferences easily change in terms of various industries which offer similar goods and services. Imperial Leather Soap aims at effective segmentation in order to make profits by analysing four types of segmentation which need to be identified (Alan & Tracy‚ 2002). These
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puffs‚ pizzas but later on slowly went on to increasing their product line to the current bakery and pastry products. They manufacture all their products in house and only purchase sponge for cakes from Millennium bakeries‚ Verna. They take order of customized cakes for various occasions such as Birthday cakes‚ anniversary cake‚ wedding Cake‚ christening cake etc. Now Canape is deciding to step up on its marketing strategies. Now that they are famous for their quality and fresh products they now trying
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Your Marketing Plan Marketing Management 01/31/2014 Executive summary. For the past 5 years FOODIES COMPANY has been striving to create a multiple Food stuffs flavors’ that appeal the test of time and is affordable to all human kind on the market. In doing this we have over the past five years made a small name for ourselves and the integral workings of our products. We are the only company with a special type of flavors based materials‚ and also resources that stands out above the others
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discounts whenever possible. • Use of selling space‚ handling of merchandise and control of inventory allows for economy and efficiency. • Labour reduced for handling and stocking by storing merchandise on racks and above sales floor. 1.4 Marketing Mix Strategy 1.4.1 Product and Services • Offers sundries‚ major appliances‚ electronic‚ packaged and fresh food‚ furniture‚ apparel and jewelry. • Operates various ancillary and other services including US online shopping‚
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head: MARKETING PLAN Marketing Plan: Acai-A-Vie Soft Drink Nancy Katz October 28‚ 2010 Week 6 Marketing Plan Acai-A-Vie soft drink is an organic berry fruit juice made into a soft drink. It is full of antioxidants and contains not only an exclusive blend of the powerful acai berry‚ but also contains nineteen other nutritious fruits. Each of these fruits provides the body with the antioxidants to maintain a healthy lifestyle. Whole Foods Market is a specialty organic health
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Executive Summary There is an abundance of choice in our world today‚ whether its options for taste‚ or its options for necessity‚ we are surrounded by decisions. What if there was a place that honored our choices‚ and facilitated choosing the best option. This vision is becoming a reality with the Fuel Stop Café; it isn’t just a café where you choose white or wheat‚ it’s a café where you choose which one serves you better. Fuel Stop Café is designed to meet the needs of its consumers‚ not only
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Michael Yirce Financial Accounting Company Project Coca Cola Company Spring ‘13 The Coca-Cola Company is the world’s largest beverage company. Coke owns‚ licenses‚ and market more than 500 non-alcoholic beverage brands. They specialize in sparkling beverages but also a variety of still beverages such as waters‚ enhanced waters‚ juices and juice drinks‚ ready-to-drink teas and coffees‚ and energy and sports drinks. Coke owns and markets four of the world’s top five non-alcoholic
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