We would like to thank our Professor‚ Mr. Prantosh Banerjee for providing us constantguidance during our project and providing us with an opportunity to apply the concepts learnt in the course “Marketing Research - I” to a practical and real life situation. We would also like to thank all the respondents who gave their valuable time for filling up thequestionnaires and for giving valuable inputs during the exploratory research. Their unbiasedand valuable input has helped us to administer a
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Action Plan for Reed’s Growth Background: Meredith Collins‚ VP of Marketing‚ Reed‚ needs a plan for 2011 to execute togrow its current market share from 14% to 16%. Margins for error are negligible as competition has intensified in every segment and current economic conditions aren’t looking good. Recommendations for Growth: 1. Stop the dollar special for each week: 1st step is to stop the dollar special promotion immediately. This is not consistent with the brand equity and positioning built
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CapSim Word Study Guide 1. When opening the Excel version of Capstone®‚ you should do what to Macros? a. Enable b. Disable c. Engage d. Disarm e. Does not matter If there are two identical products‚ one that has 100% accessibility and one that has 0% accessibility‚ a. the one with 0% accessibility will not sell at all because consumers can’t find it. b. the product with 100% accessibility will outsell the other 2 to 1 providing all other attributes are identical. c. the one with 0% accessibility
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I. The Firm’s Objectives A clear strategic plan was set out in the beginning‚ and adhered to throughout the course of the simulation. Our overall objective was to determine the correct mix and balance of camera components‚ which enabled the most favorable outcome in the competitive arena. In order to offset the cost structure of the multi-feature camera‚ a low cost structure for the entry-level camera was implemented. This was achieved by offering a differentiated‚ high end multi-feature camera
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Share (%) | Tesco | 31 | Asda | 17.2 | Sainsbury’s | 15.9 | Morrisons | 11.4 | Aldi | 8.1 | Lidl | 6.3 | Co-op | 3.9 | (Retail Week‚ 2009‚ Waitrose Improves Growth) The rivals of Sainsbury’s have recently turned up the heat on the store by increasing their like for like sales from last year. Reports suggest that both Waitrose and Morrisons have out stripped Sainsbury’s sales for the year‚ with 11.7% and 8.4% respectively (Brummer‚ Alex 2009) However in response to this Sainsbury’s
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Luxury Car Market in Singapore Page of Contents Introduction page 3 Environmental Scan page 4 Perceptual Map page 6 Brand Idea page 7 Trends and Ideas page 7 List of References page 8 Appendix page 9 Introduction Definition Luxury cars go beyond average‚ conventional cars in the sense that they provide way more than basic necessities. Luxury cars have more comfortable‚ spacious seats made from better materials like leather‚ have more tools and equipment than what is needed
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1. explain how information technology puts powerful tools in the hands of global martekers. technology is very important in now times this is why in every area of the business technology is a very important tool‚ information technology and international marketing are working very closely; information technology innovations is improving marketing process and the way we interact with the customers. So thanks to information technology markters now have more information about customers and they
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compare the strengths and weaknesses of each method and asses the different types of marketing analysis required to develop a marketing strategy. Product Positioning Product positioning can be expedited by using graphical techniques called perceptual mapping‚ other different survey techniques. “Statistical techniques such as factor analysis‚ multi dimensional scaling‚ logic analysis‚ and conjoint analysis also determine position of a product in a market” (Evans‚ et. al‚ 2004). Positioning is
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decision: Conjuctive(good at everything)‚ Lexicographic (best at what matters most)‚ Disjunctive (really good at something) Multi-dimensional scaling (MDS) a perceptual map. Identify attributes. Links segmentation and targeting/positioning Conjoint Analysis: Uses real decisions to infer the way that attributes are traded off by consumers Perceptual Biases: Context Effects‚ Dominating Options‚ Anchoring. Marketers should be aware that consumer perceptions & decision processes are often biased Economic
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Table of Contents Problem statement 3 Background and Forecast 3 Segementation Analysis 3 Recommendation 5 Perceptual Map 5 Appendix 6 Problem Statements The BMW Individual Collection program has experienced a decline in sales volume. There appears to be a lack of commitment from BMW’s retailers and structural issues surrounding the corporate involvement of the program. Jeremy Shaver‚ the production planning manager believes that the BMW Individual Collection program has high potential
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