Final Assignment
MARK 3490 - Business Marketing
Section 001
Group 7
Cauã F. Paulucci #300251858
Juliana K. Omasa #300243401
Natalia Delgado #300219382
Natan Baessi #300247984
Douglas College
Executive Summary This report will look over all the business and marketing decisions made during the past 10 years of Allstar as a company. The group's objectives were to increase Allstar’s stock price, capitalize in new market opportunities by expanding our product line with new products, increase the net income maintaining it positive, and also increase our market share. These objectives were measured by different actions and factors, such as brand awareness, consumer satisfaction, brand perception, reports purchased market updates and our performance summary – where we could find values and information on the company, such as sales force spending, promotional spending and net income. Our strategy was to look at the market update and get as many information as possible, so we could create awareness and stimulate demand, emphasize our product’s benefits to our consumer, accordingly from what they were looking for, we also compared our products with our main competitors and checked how they were doing and which decisions they were making, and lastly, we tried to maintain our awareness and stimulate repurchase. (http://app4.interpretive.com/psf17/doc/guide.pdf) The information gather during the periods helped us to decode and understand our performance
Allstar Brands’ brand management team will make decisions based on the assumptions gained from corporate standings and market research. Allround cold medication will capitalize on its high brand awareness and solid market share to increase revenue through promotional allowances, product diversification and bigger direct to consumer promotions. Our primary focus is direct channel distribution to mass merchandisers, large grocery stores and chain drugstores. New product reformulation for children’s medicine and adult capsule are expected to increase market share and long-term profitability. We predict a reduction in advertising costs due to strong brand awareness.
After a period of declining sales for Allround, we increased the advertising budget to be consistent with our competitor’s budget. We decided to be very consistent with our strategy over the ten periods; however, in hindsight we should have implemented a more dynamic strategy that factored in the changing
Knee Scooters of Houston is a home-based, medical mobility device sales and rental company. We provide our customers excellent customer service; including free delivery and pickup for rentals, free delivery for sales, competitive pricing, and ongoing support to customers. We have had tremendous success in our first year of business.
This paper will introduce a product and service which operates in the U.S. with the intent to expand within foreign markets eventually. The service that I chose is a current service in the food service industry that does exist but would benefit from enhancing it; there are market trends for the new service that would definitely satisfy potential customers’ needs and wants once the idea is brought to their attention. The goal is to bring the feel of the city’s fine dining and lounging experience to areas outside the city without having to travel far or spend more. The service is an
Firms have developed ways to influence consumer demand which effect supply, one such technique is demarketing or the process of reducing consumer demand for a product to a level that the firm can reasonably supply.
Which of the following is not one of the variables used by customers to evaluate
Providing Over-The-Counter medicine Allstar targets people who have common health problems. The best way to segment Allstar’s customers would be by the following two major categories: illness (cold, cough, allergy) and demographics (young singles, young families, mature families, empty nesters, retired). Allstar Brands invests in marketing research to learn about the ever changing preferences and trends of the market. The information the Company gathers from this research is then used to make according decisions to satisfy each particular category of customer.
This document represents The i-Fusions Consultant’s Report on BRITA. The company’s current business situation is analysed and various options for action considered. The report aims to identify a clear marketing strategy for Brita in order to address the current issues facing the company the associated falling sales.
The traditional view of marketing is that the firm makes something and then sells it. A) Will not work in economies where people face abundant choice. B) New
In order to develop the “right strategy” to succeed in business, managers must make the right decisions; and in order to make the right decisions, they must have objective, accurate, and timely : E. information about market trends and changes.
When looking to add a new product to the market, traditionally five steps occur in marketing research and lead to marketing actions. Of these five steps, step number three covers the collection of marketing data. Marketing data can be collected through either primary research or secondary research. The goal of this assignment is to describe both primary and secondary research, provide examples of each and determine how the author’s organization could benefit from each. The author will begin with a description of primary marketing research.
My research for this paper included various online articles in the field of business marketing. In my research using these sources, I found things that I have never known (Previously didn 't know) about marketing in the business world. In this process, I found that finding information on my topic has really gotten me more interested in my major and my topic. This research has really given me a better insight on starting my research paper.
The marketing goals and objectives. Write down specific goals and objectives of its company intends to achieve by advertising and marketing. For example, using the customer 's specifications, its goal is to increase its customer base by 10 percent more than the amount available to the client, and then this is one of its goals.
| WO Strategies: * Make merger and acquisitions in order to improve the marketing strategies. * Improve their advertising using new methods.
Marketing is selling the product goods and service by knowing the needs and wants of the customer and consumer (Kotler P, 2009). Marketing Management expertise has capable of knowing the change of an organisation to manage both the internal and external challenges of environment (Cant M C, et al, 2009). A company needs to classify the customer needs and identifies the demand of the supplying