M1 - Unit 3 - Marketing Introduction - Introducing the Basics of Marketing Introduction: For this part of assignment I will compare similarities and differences of the marketing techniques both businesses carry out‚ even though Lidl and Tesco are in the same type of market‚ they achieve their market success in different ways. Even though Tesco and Lidl marketing techniques are pretty similar they still have a difference from each other when they use the Ansoff Matrix‚ which is used when the
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P1 – Describe how marketing techniques are used to market products in two organisations. Marketing is the term where companies create their products or services awareness into the market. This goes ahead with identifying the customer’s needs and then working on purpose. The customers found to be in the centre of the whole process as they help in profit making. Marketing techniques can be defined in to different strategies which are: Growth strategies – It is the strategy which always aims high
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Unit 10 Introduction to marketing research M1 Explain the context in which different marketing research methods are appropriate. Customer Behaviour In order to effectively undertake market research on customer behaviour; such as expected prices‚ how they react to certain methods of research and what kind of care do the customers expect after the purchase is made‚ it would be best to use observation along with focus groups. Surveys‚ if used‚ should be done face to face by door knocking as it is more
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Aims and Objectives‚ Similarities and Differences (Tesco’s and NHS) (M1) Similarities | Differences | Both NHS and Tesco’s have an aim to satisfy their customers/patients. They do this by offering outstanding services and making sure they solve their problems. | Tesco’s has an aim to make profit‚ whilst the NHS has an aim to provide a service for the public. Tesco’s make profit by getting good suppliers and NHS provides a service through tax payer’s money. | Both NHS and Tesco’s have an aim
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Unit 3: Introduction to Marketing P3 Describe how your selected organisation or any other organisation uses market research to contribute to its development plans. My selected organisation is McDonalds; I am going to talk about the organisation uses types of market research they do to contribute to its development plans. * Primary research * Secondary * Qualitative research * Quantitative research The reasons that the organisation needs to do market research because
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Introduction to Marketing P1: Aims and Objectives and marketing Objectives Ansoff Matrix Describe the following Market Penetration Is to sell existing products to existing markets. Product Development Is selling new products to existing markets. Market Development Is to sell existing products to new markets. Diversification Is selling new products to new markets. Examples from Coca Cola
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closer locations and the less popular times for further distances. So a challenge for this would be if you were trying to reach further distances you would have to use good marketing skills to have them come the distance for what you are advertising versus the closer distances that don’t need to worry as much about distant. 3. Discuss the relationship between competition and consumer expectations. a. When a consumer goes out to buy a certain product they have expectations of what they want it to
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Marketing planning is the plan that helps meeting goals and objectives within the plan of action‚ trying new things also evaluating the performance against marketing targets The marketing planning process includes… A pestle audit A swot analysis Setting smart objectives Determining strategy and tactics Evaluating the effectiveness of marketing activity Marketing planning process model -PESTLE and SWOT Pestle stands for political‚ economic‚ social technological‚ legal and
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college could consider making changes in their marketing plan. Student reps: The students union of The Oldham College are able to talk with each other and hear out the students suggestions‚ ideas and any complaints there may be; therefore they are there to put forth suggestions or complaints on behalf of the students‚ if the college feels that the suggestions made are necessary or that it may be of benefit they could consider making changes to their marketing plan to satisfy their students. Secondary
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P3 Market Research is the process of gathering‚ analysing and interpreting information about a market. You can be talking about a product or service to be offered for sale in that specific market and about the past‚ present and potential customers for the product or service. Market Research Includes: • Primary Research • Secondary Research • Quantitative Research • Qualitative Research • Uses of Market Research • Limitation of Market Research Primary research: This is where there is
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