On the world market, some marketing strategies do not involve altering the price of a product or service. Demonstrte how the following have been used to establish non-price competition: A) advertising campaigns B) promoting excellent workmanship
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- You are a newly appointed marketing manager of a multinational firm. The firm has the following market base: consumer market, business market, and international market. Its business products serve as a raw material for other businesses and thereby have a wide scope of its business frontier. It has challenges in segmentation although they produce quality products for various markets. Based on the above challenges facing the firm, it has also resulted in serious pricing decision problems, which are seriously affecting the firm’s profitability level. Meetings has been held both nation and international level to rectify some of these anomalies in the firm. Now, the head of corporate affairs has become worried of these pending challenges and has called for presentation from the head of the marketing. 1. Explain how to segment the following markets and its requirements: i. Consumer market. ii.Business market. iii. International market.Apply the 4 P's of marketing to the sport product or service selected (Indian Cricket Team) Address the following items in this section of the assignment: Product: Explain the sport product or service to be marketed. Price: Identify the cost of the sport product or service as compared to its competition. Place: Describe how the product or service will be distributed to consumers. Promotion: Recommend how you will make consumers aware of the product or service.Make BeatBox beverage company's industry analysis as a below instruction. *The Industry analysis provides the context for a more detailed analysis of competition,the company and customers of the company.An industry analysis should enumerate and discuss the most important aspects of a given industry or thesupply side of the supply-demand equation. This section will include Macro Forces including cultural analysis,demographic trends, political/legal, regulatory, and economic forces.Focus on developments and trends within an industry and on any other factors that may make a difference inhow a marketer proceeds with an marketing plan
- Yuwani’s is an Italian clothing brand. They recently entered in the Pakistani market. They have a wide range of casual and formal apparel for both men and women. They offer trendy colours and the latest Italian fashion that attracts youth, middle aged, and elder customers. They hired you as a marketing specialist for Pakistan. You are required to perform following tasks. Identify the major competitors for the brand in Pakistan. Discuss the four key brand strategy options and suggest any two of them for the brand in Pakistan. As they are new in the Pakistani market, discuss the two pricing strategies and suggest one of them for Yuwani’s.In the AD-AS model, what impact will a decrease in money supply have on output and prices? Select one: a. A decrease in both output and prices b. An increase in output and a decrease in prices c. A decrease in output, but an increase in the prices d. An increase in both output and pricesA new tropical fruit juice product was entering the marketplace. The director of marketing for the company would like to know which advantage should be emphasized in advertisements, and which advertisement is better for sales. Nine cities with similar demographics are chosen, and a different combination of Media and Marketing Strategy is tried. The unit sales of tropical fruit juice for the eight weeks are shown in the two-way table below. Media Marketing Strategy Convenience Quality Price Television 492, 630, 559, 447, 480, 624, 547, 444 464, 559, 759, 558, 528, 670, 534, 657 678, 628, 591, 633, 684, 761, 691, 549 Social Media 464, 559, 759, 558, 528, 670, 534, 657 710, 650, 705, 653, 577, 837, 629, 799 705, 585, 527, 499, 515, 566, 710, 547 Newspaper 690, 650, 705, 653, 577, 825, 629, 799 577, 616, 708, 486, 480, 652, 585, 538 803, 583, 825, 597, 813, 564, 708, 615 At the 0.05 level of significance,a. is there an interaction between media and marketing strategy?b.…
- Address the following items on the (Indian Cricket Team) Product: Explain the sport product or service to be marketed. Price: Identify the cost of the sport product or service as compared to its competition. Place: Describe how the product or service will be distributed to consumers. Promotion: Recommend how you will make consumers aware of the product or serviceWhat are the marketing strategies that you can used of the event in traditional games such as chinese garter, sipa. Include Internal marketing act. and external marketing activities that will promote the event. Atleast 5 eachWhat marketing strategies a monopolist, like DeBeers, could use to influence total market supply? 4. As above, how these marketing strategies could change supply?
- Q2 a) What are the major objectives of agricultural marketing?b) Explain how one can evaluate the efficiency of a marketing situation.In covid-19 pandemic environment, customers' attitudes and buying behaviour are changing. Explain these changes and how does a firm adapt its product, pricing policy and promotion activities?Develop a Marketing Plan for a new product. This new product can be an extension or adaptation of a currently existing product in your country. (1) Description of the Product: What exactly is the product? What are the features and how do these benefit consumers? (2) Target Market for the Product: Which group of consumers is the product targeted to? (3) Comprehensive Description of the Marketing Mix for the Product. This should be a fulsome description of how you will address the 4 P’s (product, promotion, pricing and place) for your product. (4) Conclusion: What benefits does this product offer consumers and makes it unique or superior to other similar products on the market, and that is it likely to make it successful?