Assignment No.1(Individual) Capital University of Economics and Business BTEC center Unit Name: Quantitative Techniques for Business Unit Code: 20746P Unit level: H1 Unit Tutor: Lili Kang Student Name: Lan Ma Date of issue: Sep 3rd‚ 2007 Date of submission: Sep 25th‚ 2007 Content: Abstract u Literature review-----------------------------------------3 Introduction u Company Name £ºStarbucks Coffee-------------------3
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Change for good With over 1.3 billion customers using Nokia devices‚ we’re in a unique position to effect positive environmental and social change around the world. For us‚ sustainability isn’t merely an exercise in damage limitation – it’s an opportunity to make a real difference‚ both to people and to our planet. Caring for the environment Climate change‚ energy and resource use are some of the biggest challenges facing the world today. From natural disasters to food security to rising sea levels
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Sainsbury’s know that their customers still want the best quality food at great prices. Customers are buying similar products today to ten years ago‚ but the way that they shop has changed significantly‚ with more shops and channels available than ever before. Customers have more choice‚ are shopping more often and buy less when they shop. Supermarkets will remain the place where people do most of their grocery shopping‚ but they will increasingly top up in convenience stores and shop online
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Describe the elements that make up the marketing mix. Marketing mix often called “4Ps” refers to four elements of a firm’s marketing strategy which are designed to meet the needs of customers. The elements include: Product Price Place Promotion To meet consumers’ needs‚ businesses must produce the right product‚ at the right price‚ make it available at the right place‚ and let consumers know about it through right promotion. PRODUCT: It is the actual offering to the customer. It refers
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Running Head: The Marketing Mix: Distribution Channels What might the inventors of new “flying cars” need to consider to develop a distribution strategy for their proposed products? Customers are more sophisticated than ever before and they have access to high quality information from the internet‚ so they make decisions based off excess information. The first step that should be considered to sale Flying Cars is a centralized location. Once a location is established then what would
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line due to fears of weakening the brand. Part of the decision process relied on the invention of aspartame‚ which is regarded as a superior sweetener to saccharine with less side effects (Patrick and Thomas‚ 1992). Coca-Cola has been using its marketing mix to prove their success business. Market segments help the company to improve their products and services‚ knowing what their customers need and innovate new sectors. They markets the products selling into different or more than one market (e
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Introduction Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and values with others (Kotler‚ Brown‚ Adam‚ and Amstrong‚ 2001: 6). Marketing is about connecting with customers‚ serving the needs of society‚ and accomplishing the goals of the organization. Through customer satisfaction marketing creates the customer loyalty necessary to reach an organization’s objectives. Marketing works by creating
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It can be defined as a combination of elements that you will use to market your product. The elements also called the 4P’s are Price‚ Product‚ Place and Promotion The Distributors were not aware of the facts of the product and were not able to put this across to the consumer. Few of Amway’s products were concentrates and the distributors were not able to convey this to the consumer‚ they were not sure about the price value of the product and were unable to convince the customer to buy it. Prior
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Marketingmix McDonalds Hi‚ I will now discuss the extended marketing mix of McDonalds. The extended marketing mix consists of the 4 traditional p’s supplemented by the 3 p’s according to Booms and Bitner. I will start with 4 traditional p’s. Price‚ Product‚ Place and Promotion. Price McDonalds uses the ‘Going Rate Pricing’-strategy. This means that McDonalds prices their products according to the average market price. They do this because their isn’t that much difference between their products
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KFC at Malaysia The first KFC restaurant was opened in 1973 on Jalan Tunku Abdul Rahman. Today there are more than 500 KFC Restaurants nationwide and still counting. In fact‚ KFC Malaysia has developed a distinctive Malaysian personality of its own. Especially for Malaysians KFC’s an establishment that is run by Malaysians and managed by Malaysians. When KFC took it upon to create a selection of food that would make Malaysia proud on the international scene. Kentucky Nuggets‚ for example‚ was
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