Mkt/421 Week 1

Your discussion resonated with me. When I was in high school, magazines like Sports Illustrated and Muscle Fitness was all the rage. Almost every boy in school enjoyed and idolized the people in those magazines because of the machismo projected in the articles. I was no exception; much like you I have always been active and frequent the gym on a regular. However after high school I joined the navy and now had a source of income. With this perception of how the male body should look, I turned to supplement to aid in the process. At one point I even turned to illegal means but backed out due to the navy’s drug testing policy. Even though at the time I far exceed any of the navy’s physical fitness standards. I still saw myself, as being below

Marketing is a very unique process that enables limitless methods or variations for an entity to appeal to a particular target market as well as to deter from a particular market. Marketing is used in more than just business; The kinds of clothes an individual wears and the attitude a person portrays can be used to market him or herself to the public for many reasons: Maybe to attract a woman a man is attracted to, possibly to impress the president of a company a person is interviewing for, and even to just create a base of his or her character in which other people will judge him or her by. Marketing is everywhere from the business side of the spectrum to relationships people have

The Starbucks mission statement (“Our Starbucks Mission Statement,” 2011) comprises two important elements (a) an overarching statement of purpose, and (b) a set of “guiding principles” that interpret the meaning of the mission statement relative to six important aspects of the company’s business model (See Appendix for a complete description of the Starbucks mission statement). The overarching mission statement – “To inspire and nurture the human spirit one person, one cup, and one neighborhood at a time” – explicitly conveys the firm’s intent to extend its global presence

Participation (2 points per week, ½ point per qualifying day - 2 substantive posts = qualifying day)

Throughout chapters 10, 11, and 12 I learned a lot of new information such as, bleed, display, and trade papers. First off, bleed advertising is printed matter that runs over the edges of a margin. This is important because it’s used to gain attention while still using all the space available. Statistics show that bleed advertisements are actually read 10-15 percent more than normal text advertisements. Also, another benefit is that it usually has no extra charges when using bleed advertisements, and even if it does, it’s still cheaper than most large advertisements.

The pricing of the new products will be both affected by the cost plus pricing and competition -based pricing. Even though there will be no very similar products that directly compete with the new products, there exist alternatives that at some level compete with the new products. The cost plus pricing will leverage the current cost and price of regular burgers. At the same time, the competition-based price would allow the products to sell well.

Drs. Jeffrey and Veiga believe that there is a direct correlation between high economic returns and high involvement management practices. This management includes those practices in which employees are highly engaged by the management. The first example is Apple Computers, in which Apple downgraded its workforce numbers to try to regain their market leadership. Instead of increasing their profitability by decreasing labor costs, Apple made its employees insecure about their futures and became less engaged. It resulted in the damage of brand name. More research presented in the article shows

starbucks Corp., an international coffee and coffeehouse chain based in Seattle, Washington, has expanded rapidly since its opening in 1971. These outrageous success was due to its well-developed strategy vision which lay out the company's strategic course in developing and strengthening its business. Starbucks is a global corporation that sells authentic coffee in 30 countries, reporting revenues of nearly $5.1 billion in 2006. The main goal of Starbucks is to embrace diversity by applying the highest standards of excellence. Starbucks strives to perfect the relationship with the working class by making the service as fast as possible because they believe that every customer has their own personal rate. One

Starbucks mission is to "inspire and nurture the human spirit-- one person, one cup, and one neighbourhood at a time.”

Starbucks advertises two essential mission statements. First and foremost, it strives to “establish [ourselves] as the premier purveyor of the finest coffee in the world while maintaining our uncompromising principles while [we] grow(s).” (Starbucks) Reflective of its mission, Starbucks bases its strategic campaign and communications on six indispensable philosophies; structuring a pleasant work environment in which employees are treated with “respect and dignity,” incorporating diversity in all business aspects, purchasing, roasting and delivering fresh coffee, retaining satisfied customers, giving back to the community and environment, and developing

coffee in the world. The goal of Starbucks is to establish the company as the premier purveyor of the finest coffee in the world while maintaining the organization’s uncompromising principles. In addition, Starbucks wants to develop its brand beyond being the preferred outlet from which to purchase coffee to becoming the preferred consumer brand.

The market is the set of actual and potential buyers of a product. Building customer value and satisfaction is the key to product success. Marketing is about understanding customers needs and developing a product that provides value and promotes effectively. Marketing, in addition, is also about wants and demands. Wants are shaped by culture and personality. Demands are wants that are backed by purchasing power. As a marketer responsibility is formed to provide a combination of products, services, information, or experience to satisfy these needs, wants, and demands. Customers form expectations about the value of products and

Of all the aspects of the marketing mix, price is the one, which creates sales revenue – all the others are costs. The price of an item is clearly an important determinant of the value of sales made. In theory, price is really determined by the discovery of what customers perceive is the value of the item on sale. Researching consumers’ opinions about pricing is important as it indicates how they value what they are looking for as well as what they want to pay. An organisation’s pricing policy will vary according to time and circumstances. Crudely speaking, the value of water in the Lake District will be considerably different from the value of water in the

Our coffee has always been, and will always be, about quality. Our employees are called partners, because it is not just a job, it is our passion. We treat each other with dignity, and respect, and hold each other to the same high standards. We connect with our customers; we laugh with, and bring a smile to their life. Making the perfect cup of coffee is one part of our role, connecting with them on a personal level is the other part. In each community we serve, Starbucks takes pride in being a part of the

Price is what makes profits and how customers perceive the value of a product or service. Companies will determine prices based on their financial status; quality, costs and the nature of the good. According to Armstrong, G., & Kotler, P. (2015), “price is the sum of all the values that customers give up to gain the benefit of having or using a product or service” (p. 266).