Matthew Beringer
ELE 3010
Parnell
February 21, 2016
The Beach Carrier 1. What is the nature of the product? What are its strengths and weaknesses?
The Beach Carrier is a bag that is large enough to carry all the items that one needs for a day at the beach. It is large enough to carry a beach chair, but when empty, it can be folded down to 12x12 square inch for easy and convenient storage. The strengths of the product are that is more affordable than the competitor’s products and the material of the bag is perceived as durable. The weaknesses of the product are that the fluorescent colors lessen the perceived quality of the beach carrier and the size of the bag is far larger than necessary. 2. What are the limitations
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This will ensure that no competitor can simply take her design and manufacture the product. This will also reduce the amount of direct competition due to the fact competitors cannot copy her product and market it to consumers.
4. What are the pros and cons of the mail order marketing strategy? What are the pros and cons of alternative distribution methods?
The marketing strategy that Ricci has selected has many pros and cons. The cons are that it is highly targeted, easy to track, and highly informative. By being highly targeted, Ricci will be able to directly send advertisements to the specific target market based on the results from the feasibility study done by the consultant. Also, this will help Ricci find households that have already purchased related products in the past with the use of mailing lists. Since implementing a mail order marketing strategy is easy to track, Ricci will be able to easily calculate the return on investment. This strategy also provides the consumers with a great deal of information since mail ordering is highly informative. This type of strategy will allow for Ricci to send out an advertisement that consists of a picture of the product, detailed information about it, and a sales letter. They can also use the sales letter to offer special discounts and promotions as well.
The cons of a mail order marketing system is that it is costly and largely unread. It will cost the company a large amount of money to send
Given your assessment of the competitive situation, what are the pros and cons of (a) continuing the present market targeting and positioning strategy and (b) adopting the recommendation made by Foote, Cone & Belding? (make a comparison table of pros and cons for each approach).
In conclusion, this essay has outlined the six key elements of the marketing process: (i) situational analysis; (ii) market research; (iii) establishing marketing objectives; (iv) identifying target markets; (v) developing marketing strategies; and (vi) implementation,
Discuss how online marketing could provide competitive advantages in the industry you analyzed in question A.
Perreault, William D., Joseph P. Cannon, and E. Jerome McCarthy. Basic Marketing: A Marketing Strategy Planning Approach. 19th ed. N.p.: McGraw Hill, n.d. Print.
In order to achieve our first marketing objective, we recommend the following activities: Keep producing high quality, positive image products that satisfy customer’s needs. Secondly, the team must maintain direct and indirect sales force of no less than 140 and plan in advance in order to have the budget to do so. We also recommend offering employee fringe benefits to encourage long term positions
The importance of developing an integrated marketing communications plan has become even more important in the modern era. With so many different touch points, or ways that a prospect can experience a company 's message or advertisement, it is important that the message be clear and consistent (Business Training Schools, 2011). Developing the proper lines of communication, especially with a new product is vital to a company. In this paper Team C will evaluate factors involved in developing and managing an effective marketing communications plan. We will also discuss advertising and promotion programs. Technology trends available to help market the product is
ET1 Beach is a solid technician and a sterling example of dedication and determination. His high personal standard and work ethic means he is the first to tackle any assignment or task. Though a valuable character trait, this sometimes makes it hard for him as a leader to delegate responsibility down to his ET2’s, personally taking on too many tasks and overloading an already full schedule. His high standard can also make it difficult for him to trust his subordinates to perform tasks to his expectations and makes it hard for him to realistically assess the performance of those under him. He needs to continue working on identifying the best in his members when evaluating them, as well as in improving his writing skills when capturing their
This is a very lightweight carrier that weighs in at only 0.7 ounces. This means that you do not carry any extra weight around.
Ricci assumes that everyone going to the beach is bringing a million things with them every time they go, but many people don’t bring a lot to the beach and would opt to use a standard backpack.
“Marketing strategies can have a broad impact on the business in terms of instilling a marketing orientation among all those in the firm: the way of thinking or philosophy of the whole organization. However, marketing strategies can alternatively be seen as dealing only with the development of competitive advantages directly associated with the marketing function such as customer loyalty and distribution channel control. In the latter case, the domain is sometimes even further restricted by sole attention to the various element of the marketing mix rather than the more general issues of customer and channel relationships. There are two key
Marketing plays the most important role for the success of a business. In this chapter, the business’ marketing objectives are laid out together with the plans or actions that will be needed to achieve these objectives. Furthermore, this chapter includes the profile of the respondents which aided the researchers to create this part of the feasibility study.
Q#1 Marketing has been described as being both an "art" and a "science." Discuss the differences and similarities between these two marketing thrusts. Provide your theoretical response and a "real-life" example where you have seen both processes work effectively at creating customer value and loyalty
We expect the daily hire rates to increase from 2001 to 2002, but then to decrease overall in the long term based on the assessment of the consulting firm. The consulting firm based their forecast on higher demand in iron ore shipments. They claim demand in iron ore shipments has historically shown a strong correlation with charter rates, and we believe this makes sense. Vessel size, distance of route, and demand for ore/coal are drivers of daily rates.
According to the NPV rule, Linn should not take up the project, because the NPV of the project is negative for both these two scenarios.
In the other hand, traditional marketing is slowly being forgotten as we step into the 21st century because the products are expensive! With products being handed down from the factory through a middle man, before it finally reaches the hands of the consumer, many additional charges have been added on. As a consumer, surely people prefer to get the same product for a cheaper price! Aside from that, traditional marketing too, can be demanding in another aspect. Have you ever been approached by promoters, all ready to give a lengthy explanations about the product they are about to sell to you? The con of traditional marketing is that it requires investment of time for promotion for the particular product. The seller themselves, approach the costumer to promote the product. In other words, traditional marketing can be considered inefficient. As logic tells us, how many customers can the promoter approach a day? 30, 40 or 50 a day? Therefore, transmission of information for the particular product can be a slow to reach the customers when traditional marketing is used. According to the Harvard Business Review article written by Bill on August 2012, he said that the traditional marketing; including advertising, public relations, branding and corporate communications — is dead. It is because many people in traditional marketing roles and organizations may not realize they 're operating within a dead paradigm. But they are. The evidence is