1. Assume you are the marketing manager for a new gym and spa chain that is about to open. Conduct a microenvironment analysis for your service company.
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- Mini-Case: Taking CleanSoaps to the next level……The bigger and stronger the competition is, the better an entrepreneur’s marketing strategyneeds to be. That being the case, Sharon John and Jill Scott may need your help with a marketingstrategy. Sharon and Jill have started a business which breaks into the $150 million laundrydetergent market, competing directly with the likes of Procter & Gamble, P&G, an Americanmultinational consumer goods company headquartered in downtown Cincinnati, Ohio, UnitedStated formed in 1837 by William Procter and James Gamble. It is a Global manufacturing,distribution and marketing company focusing on providing branded products with superior qualityand value. They started their business by making and selling only soaps & candles but then thecompany provided over 300 brands reaching consumers in about 140 countries. Since 2000 theirsales had grown more than 40% & profit had more than doubled. They have acquired manyproducts brands &…Mini-Case: Taking CleanSoaps to the next level…… The bigger and stronger the competition is, the better an entrepreneur’s marketing strategyneeds to be. That being the case, Sharon John and Jill Scott may need your help with a marketingstrategy. Sharon and Jill have started a business which breaks into the $150 million laundrydetergent market, competing directly with the likes of Procter & Gamble, P&G, an Americanmultinational consumer goods company headquartered in downtown Cincinnati, Ohio, UnitedStated formed in 1837 by William Procter and James Gamble. It is a Global manufacturing,distribution and marketing company focusing on providing branded products with superior qualityand value. They started their business by making and selling only soaps & candles but then thecompany provided over 300 brands reaching consumers in about 140 countries. Since 2000 theirsales had grown more than 40% & profit had more than doubled. They have acquired manyproducts brands &…Mini-Case: Taking CleanSoaps to the next level……The bigger and stronger the competition is, the better an entrepreneur’s marketing strategyneeds to be. That being the case, Sharon John and Jill Scott may need your help with a marketingstrategy. Sharon and Jill have started a business which breaks into the $150 million laundrydetergent market, competing directly with the likes of Procter & Gamble, P&G, an Americanmultinational consumer goods company headquartered in downtown Cincinnati, Ohio, UnitedStated formed in 1837 by William Procter and James Gamble. It is a Global manufacturing,distribution and marketing company focusing on providing branded products with superior qualityand value. They started their business by making and selling only soaps & candles but then thecompany provided over 300 brands reaching consumers in about 140 countries. Since 2000 theirsales had grown more than 40% & profit had more than doubled. They have acquired manyproducts brands &…
- 1. Successful marketing strategies must be geared to the needs of consumers and to _____. a. their abilities to buy b. the strategies of competitors c. the available supply of goods d. none of the above 2. Your employer is a runner-up company that aggressively attacks competitors to get more market share. For what type of firm do you work? a. market challenger b. wanna-be c. leader d. market follower 3. Favorite Memories specializes in serving market segments that major competitors overlook and ignore. What strategy does this firm use? a. market follower b. market challenger c. market seeker d. market nicher 4. Superior Sporting Goods stores seek stable market shares and profits by following competitorsâ product offers, prices, and marketing programs. What do we call Superior? a. market follower b. market challenger c. market nicher d. market developer 5. Once your company has decided on its overall competitive marketing strategy, it is ready to begin planning the…Under what conditions do you believe market share asa metric is important to a firm? What are the potentialpitfalls of relying too much on market share as a keymetric? What self-defeating behaviors might this overreliance lead a firm to undertake?3) If the Company have no marketing strategy, explain the following consequence that might affect to their goals, mission and objectives. a) Losing out to competitors b) Losing market share to existing and start-up competitors c) Gaining and retaining fewer customers d) Missing out on opportunities for better targeting e) Lack of planning and discourage to execute good ideas. f) Easily collapse g) No direction in attaining the company’s goals and objectives h) Lack of management
- Please answer all questions by explaining both right and wrong answers 1. In the BCG Growth Matrix an SBU which has weakened competition and requires no serious cash investments is called A. Dog B. Question Mark C. Cash cow D. Star 2. The most formal definition of marketing is A. Meeting needs profitably B. Identifying and meeting human and social needs C. The 4Ps (Product, Price, Place, Promotion) D. An organizational function and a set of processes for creating, communicating, and delivering, value to customers, and for managing customer relationships in ways that benefit the organization and its stakeholders. 3. An advertisement that is paid by several organizations is called A. Combined advertising B Cooperative advertising C. Integrated advertising D. Marked down advertising 4. The buying process starts when the buyer recognizes a A. Product B. An advertisement for the product C. A salesperson from a previous visit D. A problem or needExplain the important benefits of Strategic Marketing Management. (Make 5 sentences only for every benefit) BENEFITS: a) A more thorough understanding of the market b) Helps in determining the strategic direction c) Has the potential for a large payoff?Does Primark have a robust marketing strategy or was it just lucky enough to be in the right place at the right time? List the arguments both ways and decide which are the most convincing?
- Assume you have been hired by Uber as a consultant to analyze its marketing environment. Specifically, Uber wants you to analyze two specific aspects of the company's environment - one micro (the company itself, its suppliers, marketing intermediaries, customer markets, competitors, and the public) and one macro(Demographic, Economic, Political, Ecological, Socio-Cultural, and Technological forces), and give advice. 1. Who will be the main direct competitor for Uber? What would you say are the main strengths and weaknesses of this competitor? How would you suggest Uber compete with the competitor? 2. What are the main legal regulations Uber must abide by to make and sell its services in the United States? Uber wants a list of the main legal regulations it will need to consider; what do these regulations require Uber to do or not do?Consider the following, among other things: Do you believe that techniques such as Big Data and Predictive Analytics, for instance, would have been effective in marketing ten to fifteen years ago? The question is, how did this come to be?1(a).Explain the term Marketing. (B).Imagine you own an ice cream shop and a competitor open up one near your,What could you do to keep your customers and stay competitive.