Principles of Marketing
Principles of Marketing
2012
Name: Robert Barnes
Student Number: 21154021
Institution: University of West London
Word count: 1455
2012
Name: Robert Barnes
Student Number: 21154021
Institution: University of West London
Word count: 1455
Table of Contents
1.0 Introduction2
2.0 Question 1 3
2.1 Personality 3
2.2 Motivation6
2.3 Conflict6
3.0 Question 2 8
Bibliography9
1.0 Introduction
The case study I have chosen to cover is “Breezing out for a night on the tiles”. It discusses the rise of the premium pre-mixed drinks industry between 1995-2000, in particular the Bacardi Breezer brand. It looks at the marketing activity which has taken place and the brand association the marketers aimed to
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Effectively they will all satisfy the same need, but the consumer wants to know what the experience is, before making the decision. This step can skipped if the consumer has previous experience or is happy with a certain product or service beforehand.
Step 4 of the process is “Decision”. This is simply the final choose for a solution to the identified need, after weighing up all options. Again, a consumer can move directly to this step from “Problem Recognition” if enough prior knowledge exists.
Step 5 of the process is “Purchase”. This is when the decision is executed and the goods or services are acquired.
Step 6 of the process is “Post-Purchase Evaluation”. This is when you access you satisfaction with your product or service after you have acquired it. If a great experience is had, it will lead to a higher likelihood that you will purchase that product or service again.
Applying the theory
Table 2.0 is an application of the above theory, for an individual going through the buying process at both a club and supermarket. Buying Process Step | Nightclub or Pub | Supermarket | Problem Recognition | * A want to let loose. * A need for confidence. * A desire to fit in or stand-out. * An aspiration to impress. | * Alcohol for cooking. * Thoughts of a night in. * A desire to relax and unwind. * Drinks for guests and friends. * Cheap drinks before going out. | Information Search | * Advertisement
Competitive advantage - Nundies is an innovative product which provides an alternative to visible panty lines; no other company produces the same type of product
Orange Kingdom is a clothing retail store owned by Between, Inc. It is differentiated from its family brands such as Between and Old Marine, as it gives an upscale image compared to the other two brands, and targets young professional population aged mid twenties to mid thirties both men and women. It provides mid-scale work-to-play casual and business apparel, accessories, and shoes through about 500 stores including factory stores in the United States. It is also gaining market share in Asia, South America, and Europe as well. In this marketing proposal, I would like to discuss three service options to retain and acquire customers.
| * A need to have a certain product * Consumers will search until that product is found * Need products that stand out from others * Customers have problems making decision so the company will have to try to make that decision easier for them
3. The policy should be changed and this impact AAA to acquire more Wholesalers and grow their profit margin by allowing the label.
Now that a supplier has been selected the buyer will place a detailed order (Grewal, p. 215). The details included in the order are meant to confirm the terms/need. The supplier will reply to the buyer confirming the order.
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.
A successful Pioneer is both customer and innovation-oriented, patient and have a decentralized marketing organization with a high proportion of marketing specialists. Pioneers target innovations and early adopters and are therefore very proactive in their product development efforts. That requires a successful Pioneer to devote a significant effort to marketing research. The successful pioneer will also devote resources to educating customers and stimulating demand for the product through advertising.
Discuss what is meant by the term “customer orientation”. Illustrate with examples how companies demonstrate their customer orientation by reference to at least two elements of the marketing mix.
Recommend. This stage involves information gathering and data collection and identification of variances during execution and likely changes that might take place.
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.
Marketing is an essentially about marshalling the resources of the organization so that they can meet the changing needs of the customers on whom the organization depends. As a verb, marketing is all about how an organization addresses its markets. Marketing is “The management process which identifies, anticipates and supplies the customer requirements efficiently and profitability”.
Top managers develop long-range plans, called strategic plans that define the company's overall mission and goals. Strategic planning focuses more on issues that affect the company's future survival and growth. To develop strategic plan, top managers also need information from outside the company, such as economic forecasts, technology trends, competitive threats, governmental issues and shareholder concerns.
Research suggests that customers go through a five-stage decision-making process when making any purchase. This is summarised in the diagram below:
Consumer behaviour is complex and a company has to fit their product more closely and satisfy their customer needs more fully than the
The Marketing process is made up of simple concepts that involve lots of research on the part of the marketer. The process begins with understanding the consumer, without knowing what consumers need or want, it would be extremely hard for firms to both develop and sell a product. Knowing that consumers want more green products due to growing environmental concerns is a very important detail. Needs and wants are what fuel consumer purchases and marketers must perform research in order to best serve their customers. Through this research, marketers are led to the next step of the process and can now develop a customer driven marketing strategy. Here, the firm must decide how it will differentiate its product from others on the market.