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B1210 Marketing Strategy: Final Individual Assignment
Prepared for
Memorial University
St. John’s, Newfoundland
Roxanne Preston Prepared by
Maria AuCoin
Memorial University
December 01, 2023
Table of Contents
Target market…………………………………………………………... pg. 1
Product……………….….……………………………………………... pg. 1
Positioning decisions…………………………………………………
....
pg. 1
Existing Databases……………………………………………………… pg. 2
Capturing Data…………………………………………………………. pg. 2
5 Medium Touch Points………………………………………………… pg. 3
Social Media Marketing………………………………………………... pg. 5
References……………………………………………………………… pg. 6
Target Market
The target market that has been determined appropriate for this year’s communication strategy are individuals from
30-50 years of age. The reason the age demographic of this target market focuses on middle aged individuals instead of a more elderly population is because the Hex Hives are a beehive that involves 3D printing. Which research has shown that the biggest age demographic 25–44-year-olds are user of 3D printers is around 60% (Goulding, 2019), so the age demographic is the perfect range for our target market. For the target market gender does not play a role in the purchase, Hex Hives is a product that targets every gender group as beekeeping is an activity for all and not just a specific gender. The locations that the individuals of the target markets reside are in Canada, the United States and China. These individuals are university graduates who have employment in jobs related to the environment such as environmental scientist, engineer, planning, biologist. Their salaries range from 66,000-92,000 a year depending on their employment. The individuals are all environmentally conscious, they part take in many different activities that well improve the environment like, recycling, gardening, composting, bee keeping. The 3D printed Hex Hives are the perfect product for the target market described above as they fit the right demographic for a group of individuals interested in a new kind of beehive that involved state of the art technology that’s never been done before.
Product The product Hex Hives is a 3D printed Hive that has taken beekeeping to the next level. It has a unique hexagonal shape that imitates the natural habitat of bees. The individual using the product requires the STLs which queue to the 3D printer and the beehive starts printing. The Hex Hive beehive is made from eco-friendly, non-oilen filaments. Individuals have two options to choose from if they own a 3D printer, they can purchaser the Hex Hives Starter STL Bundle, which includes a base, body, section, open frames, flat roof, connector, and block. The second option is the Hex Hives Premium STL Bundle which includes everything from the starter bundle plus bee landing pad, queen excluder, queen cage, feeder holder, ant moat, and more. Individuals who don’t own a 3D printer can purchase pre-printed Hex Hives which individuals can choose from either of the STL bundles available to individuals with 3D printers at a higher price plus shipping. Positioning Decisions The first positioning decisions Hex Hives has as a company is the price and quality of their products. Hex hives is a
revolutionary company that has been able to incorporate 3D printing technology into beekeeping by creating the first ever beehive made completely from a 3D printer. Hex Hives is a very affordable product for beekeepers especially if they own their own printer. Customers can purchase the basic design for less than $60 with no shipping required and have the beehive in the matter of minutes. This is a huge asset for the company as they can
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Related Questions
Q.9 Write a cover letter for your questionnaire on your research topic?
Q.10 For your chosen research topic, how will you administer the questionnaire through telephone? Also mention the advantages and disadvantages of it.
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Q 1.3: Core Product Level and Augmented Product-Level of a Product
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QUESTION 1
The table below shows the sales figures for a brand of shoe over the last 12 months. Months Sales January 69 February 75 March 86 April 92 May 95 June 100 July 108 August 115 September 125 October 131 November 140 December 150
a. Using the following, forecast the sales for the months up to January the following year:-
i. A simple three month moving average. [2 marks]
ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the highest weight to the most recent data. [3 marks]
iii. Exponential Smoothing when α= .6 and the forecast for March is 350. [5 marks]
iv. Determine which of the three forecasting technique is the most accurate using MAD. [4 marks]
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Kingdom)
Question 5
Figure 2 below gives the four (4) types of buying behaviours a customer could exhibit.
Figure 2 Consumer Buying Behaviour
Habitual
Dissonance
Reducing
Variety Complex
Seeking
2 of 4
a) Explain under what circumstances each behaviour will be exhibited. Support your answer with
examples.
b) What will be a suitable marketing goal and two marketing strategies for a product, where the
expected consumer buying behaviour towards it is deemed 'Habitual'?
Text Predictions: On
Accessibility: Unavailable
G
ZM
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Question 1Assess the strategic advantages and disadvantages of including hand sanitizer in Kinsip's product mix. What are the opportunities and risks involved in marketing a product that differs from a company’s mainstream offerings? Question 2Discuss the characteristics of Kinsip’s customers. What could Kinsip do to get to know them better?Question 3Explore possibilities for rebranding the hand sanitizers. Question 4Prepare a marketing plan for Kinsip’s new product 'hand sanitizers'.
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• Rajah is the Unilever’s local jewel in the curry powder category in South Africa. A brand under the Robertson’s banner.• Rajah is market leader in curry powders with dominant market share.• Key passport factors are colour, aroma and delicious taste to any meal and Rajah is the essential. 1. For Unilever to effectively segment the market at which it aims the Rajah range of products, customer satisfaction and an increase in profitability would be essential. Name the five prerequisites of market segmentation that would make this possible.
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Q.4 Write the relationship between the variables.
Q.5 A researcher want to start a research on COVID-19'. Write a research title in narrow and specific sense.
Q.6 How will you search the literature through specialist people for your researches?
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Q4) Define the following concepts with example.
Market Potential
Sales Potential
Market Share
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Question 3.
Consider the following research questions or hypotheses. What variables need to be measured in each?
Do consumers who spend more time and are more committed to Facebook spend more money at Amazon.com?
What are the demographic characteristics of consumers who belong to the PowerUp Rewards program (loyalty program) of GameStop (video games and accessories) stores?
The temperature inside the supermarket will determine how much time that shoppers spend in the store such that when the store is cold they will spend less time shopping than when the store is warm.
Product price is related positively to product quality.
Consumer perceptions of value from a service provider are related negatively to the likelihood of switching service providers.
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QUESTION 6
Describe any FIVE primary research methods.
T T TT Paragraph
Arial
3 (12pt)
XD Ó Q n
三=== 三 TT
Mashups
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Definition and Comparison Questions: For each question, provide an explanation of the marketing terms, compare and contrast them and provide examples of how they are used in marketing.
Q 1.2: Primary data and Secondary Data:
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Q. 3.
How pannel ARDL technique deals with endogenity? Describe it in detail
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Q1. Select coffee product and provide details of the company name, its marketing mix, segmentation, targeting, positioning and distribution strategies.
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Question 3
An organization uses a business intelligence system to predict products that tend to
be purchased together. This is an example of.
O A) Regression Analysis
B) Cluster Analysis
C) REM Analysis
D) Market Basket Analysis
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Question 4
The below data represent the advertising expenditure and sales of Little Liu Ltd from year 2008 to 2017.
Table: Advertising Expenditure vs. Sales from 2008 to 2017
Year
Advert. Expenditure
Sales
(x, £000)
(y, £000)
2008
8
30
2009
12
40
2010
11
29
2011
5
29
2012
14
43
2013
3
17
2014
6
20
2015
8
30
2016
4
22
2017
9
40
Total
80
300
Work out the values of parameters of the relationship shown in the Figure (i.e. work out the equation of the relationship).
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q10-
What is the best description of Granger-causality?
Select one:
a.
the ability of lags of one variable to contribute to the forecast of another variable
b.
the ability of a variable to predict its own future
c.
the ability of the one variable to explain it own past
d.
None of the above
Clear my choice
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QUESTION 19
Part of the marketing management process includes planning evaluating and controlling marketing plans.
O True
False
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Q 9. Describe "Business Intelligence"?
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Would you recommend a brand extension for Brand 2 to cover products marketed under Line 4?
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QUESTION 32
If an organization is worried that a risky product or poor quality product will hurt an organization's overall image, it most lkely will use atan)
ing strategy
Oa Licensing agreement
Ob. Image
Oc Family
Od Invisible
Oe. Individual
brand
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Locate the Treasury bond in Figure 8.4 maturing in November 2042. Assume a par value
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What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places,
e.g., 32.161.)
What is its bid price in dollars? (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)
What was the previous day's asked price in dollars? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g., 32.16.)
Coupon rate
Bid price
Previous day's asked price
%
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Question 1.
The table below shows the sales figure for a brand of shoe over the last 12 months.
Months
Sales
January
69
February
75
March
86
April
92
May
95
June
100
July
108
August
115
September
125
October
131
November
140
December
150
a. Using the following, forecast the sales for the months up to january the following year:-
i. A simple three month moving average
ii. A three period weighted moving average using weights of 1, 2, and 3. Assign the highest weight to the most recent data
iii. Exponential smothing when α = .6 and the forecast for march is 350
arrow_forward
Question 1.
The table below shows the sales figure for a brand of shoe over the last 12 months.
Months
Sales
January
69
February
75
March
86
April
92
May
95
June
100
July
108
August
115
September
125
October
131
November
140
December
150
a. Using the following, forecast the sales for the months up to january the following year:-
i. A simple three month moving average
ii. A three period weighted moving average using weights of 1, 2, and 3. Assign the highest weight to the most recent data
iii. Exponential smothing when α = .6 and the forecast for march is 350
vi. Detemine which of the three forecasting technique is the most accurate using MAD
N.B. Only answer IV
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For a successful market segmentation, one marketing mix cannot be used for another market segment.
Question 29 options:
True
False
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QUESTION 37
Which is identified as the foundation for the marketing plan?
a. Target market segmentation
b. Value proposition development
c. Market research
d. Market plan development
Why are failure rates for new products debatable?
a. Failure rates are high
b. Failure rate has a defined inclusive definition
c. The market is always changing
d. Failure rate is not clearly defined
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Q.2 SCENARIO
List 01: Factors that may contribute to the building of strong brand equity:
Product range, Relative product quality, Points of differentiation, Retailers used, Retailer prominence, CEO profile, Media, Word-of-mouth, Use of celebrity’s Other brand associations Visibility of the product Social media ‘connection’ Social ‘status’ of the product Entertainment or self-identity product Market share (extent of popularity)
Perceived innovation Perceived integrity Success of new products Sales + service staff Target markets Market coverage (global?) Time in market Competitive set B2C or B2B only Social responsibility Competitor’s actions Employee behavior
List 02: Potential benefits that may be gained from strong brand equity:
Increased sales Price premium Customer loyalty WOM and promoters Perceived popularity and real visibility More effective social media Mainstream media attention Retailer appeal Point-of-sale merchandise uptake Supplier bargaining power Staff recruitment…
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QUESTION 1
The table below shows the sales figures for a brand of shoe over the last 12 months.
Months
January
February
March
April
May
June
July
Sales
69
75
86
92
95
100
108
115
125
131
140
150
August
September
October
November
December
a. Using the following, forecast the sales for the months up to January the following year:-
i. A simple three month moving average.
ii.
A three period weighted moving average using weights of 1, 2 and 3. Assign the
highest weight to the most recent data.
iii. Exponential Smoothing when a= .6 and the forecast for March is 350.
iv. Determine which of the three forecasting technique is the most accurate using
MAD.
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Q.1
A research in studying a factors contributing to consumer satisfaction indicates that the level of services quality by the company, sales promotion strategies, product features and pricing strategies will influence consumer satisfaction. Based on the situation;
c) Describe TWO (2) research objectives.
d) Identify THREE (3) research hypotheses.
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Please do not give solution in image format thanku
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avigation
Question 10
In Adidas Shop there where so many employees who they are wearing the adidas shows and they like it and they are fans of the brand. Anna one of
the staff she is not keen and wearing another brand shows while she is working in Adidas and recommend other brand to the consumer. Anna could be
considered as .
Not yet
answered
4
6
9
Marked out of
0.50
Select one:
P Flag
question
O A. Brand champions
O B. Brand cynics
mpt
O C. Brand saboteurs
12:56
O D. Brand agnostics
Finish attempt .-
Previous page
842 PM
E A d) ENG
12/28/2020
Type here to search
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13. Define Consumer-to-Business transaction (C2B). Give one Example.
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