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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PROMOTIONAL MIX STRATERGIES FOLLOWED AT BIG BAZAR What is Promotional Mix? In marketing‚ the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. It has been identified as a subset of the marketing mix. It is the coordination of marketing activities which includes publicity‚ sales promotion‚ advertising‚ direct marketing and personal selling. It is a coordination of activities that you will perform to directly interact with your customers
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Situation Analysis Situation Analysis In the era of globalization and technological revolution‚ education is considered as a first step for every human activity. It plays a vital role in the development of human capital and is linked with an individual’s well-being and opportunities for better living. It ensures the acquisition of knowledge‚ skills‚ attitudes‚ and values that enable individual to increase productivity and improve quality of life to make a difference in the society. To achieve
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Situation Analysis An organization that wants to exchange its products or services in the marketplace should: ▪ make an analysis to find out first what are the opportunities ▪ who are the competitors ▪ select the market and identify them ▪ what market segmentation will choose ▪ what will be our market positioning Let’s take the steps one by one: 1. Opportunities analysis: In this segment must be a careful analysis in the marketplace and find out if there is any
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What is Promotional Marketing? Promotional marketing is a business tool that is designed to pull customers to buy the products of a company. Generally‚ promotional marketing is carried out by companies to launch their products or attract more potential customers. Before devising any strategy for promotional marketing‚ firms must ensure that they allocate a budget to the promotional marketing and set a target that gives them maximum return on the invested money. Read more on successful marketing
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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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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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investigate some marketing/promotion situations as part of a research project they are working on. Carry out the following tasks for them and present your research in a professional report Task 1 (P1) Describe the promotional mix used by two selected organisations for a selected product/service. Use a high street retailer of your choice and a business of your choice‚ which provides a service. • Using these two organisations‚ you must describe the promotional mix they use to communicate information
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Saks: Integrated Marketing Communication Natacha Clerjuste Hodges University MKT 4103 Professor Karastamatis October 16‚ 2012 Table of Content Abstract Overview/Problem Statement According to Senthil Ganesan with the help of Vamsi Thota‚ Benetton was well known for its colorful and provocative advertisements. The company employed unusual‚ controversial advertising techniques and themes that used “shock value” and the power of photography to grab viewers’ attention. Unlike
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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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