Marketing: An Introduction (13th Edition)
13th Edition
ISBN: 9780134132259
Author: Armstrong
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 16, Problem 16.12MA
Summary Introduction
Case summary:
Company K provides a lease-to-own program that targets the consumers with low-income. Company K is a retailer company, however, few company like Company K has been doing this program for few days. Company S, which has already launched this program mentioned that their program satisfies the low-income consumers.
Few critics aroused saying that it is just giving instant satisfaction and exploiting the disadvantaged customers.
Characters in given case:
- Company K
- Company s
To discuss: How few financial institutions are attempting to meet the requirement of “unbanked consumers”
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Kmart offers a lease-to-own program targeted to low-income consumers and is taking some heat over it. Rent-to-own is not new— chains such as Aaron’s and Rent-A-Center have been around for years—but it is new that a mainstream retailer has moved into this market. Kmart’s parent corporation, Sears Holdings, launched a similar program, and according to a company executive, it is satisfying the unmet needs of new customers. Some critics say that it is just encouraging instant gratification and exploiting disadvantaged consumers. These types of customers don’t qualify for credit and don’t have enough cash to purchase desired products outright, such as televisions and other big-ticket items. However, a $300 TV purchased through Kmart’s program ends up costing consumers $415 if purchased at the end of the lease. If customers make just minimum payments over the course of the lease, one expert calculated, that it is equivalent to charging a 117 percent annual interest rate. Sears spokespeople…
What does the retail chain Target's corporate social respsonability look like? How does this play into the success they have seen as a whole? Are there any positive or negative aspects to this responsibility? How does this affect Target? Provide details/examples please.
Ethical marketing is more of a philosophy that informs all marketing efforts than a marketing strategy. Consider a social media advertisement that claims a product will do X, Y, and Z, but when you order it, you discover it can only do X. These types of disreputable, dishonest, and corrupt marketing strategies acted unethically. Finally, while unethical marketing may succeed in the short term, it is not a good long-term strategy. Customers will begin to distrust your brand as a whole, making it difficult to find brand advocates willing to spread awareness about your product or service through word-of-mouth marketing. Investigate the critical role ethics plays in modern marketing and formulate the best practises to create ethical solutions to all of your marketing challenges?
Chapter 16 Solutions
Marketing: An Introduction (13th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Similar questions
- Netflix is the original major streaming option for home television audiences. When it started nearly20 years ago, Netflix was a subscription-based DVD service that would mail DVDs straight to yourhome. It still does that too (more on that later), but in 2007, Netflix debuted its streaming service,allowing viewers to watch thousands of on-demand TV shows and movies ad-free. Ten years later,Netflix has become one of the biggest names in entertainment, producing critically acclaimed TVshows (Daredevil, House of Cards, Stranger Things, and Luke Cage, to quickly name four) andmovies and hosting original comedy specials.Netflix now offers up a wide range of content across every genre you can imagine. From full seasonsof today’s hottest TV shows to classic movies, Netflix has more entertainment than you could everpossibly watch.As you watch more content, Netflix will learn about your viewing habits, offering up custom genreswith colorful names like “80s action comedies” or “gory…arrow_forwardGive only typing answer with explanation and conclusion Strategic Marketing: Why has Social Responsibility grown over the last few years? What makes Social Responsibility an important issue for businesses?arrow_forwardAssume 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?arrow_forward
- 1. How did Netflix convert users taking advantage of a promotion into paying customers? 2. What kind of consumer behaviors is shifted by the Pandemic? 3. How will traditional bricks-and-mortar companies like Macy's and Walmart deal with this shift? 4. If a Walmart-TikTok deal delivers shoppable live streams, which kind of consumers will first accept it? Why? Could Walmart catch up with Amazon through this new competition?arrow_forwardWhole Foods Market is renowned for its product mix of healthy and organic products. Should Amazon change this mix in order to maximize profit?arrow_forwardBottled water, flavored and plain, is expected to become the largest segment of the liquid refreshment market by the end of the decade, surpassing traditional carbonated soft drinks. Kraft’s MiO, a liquid water enhancer, comes in a variety of flavors, and a few drops added to water gives a zero-calorie flavored water drink. You wonder if those who drink flavored water like the taste of MiO as well as they like the taste of a competing flavored water product that comes ready to drink. Describe a matched pairs design to answer this question. Be sure to include any blinding of individuals involves in the study and the response variable.arrow_forward
- Honest Tea, the Coca-Cola brand that produced $130 million in global revenues last year, got its start because cofounder Seth Goldman didn’t like the options in the beverage coolers at convenience stores. So with the help of a former professor, he launched Honest Tea—the nation’s first fully organic bottled tea. But the company’s drive for success was not based not as much on profits as on a desire to change the world. With social responsibility steeped deep into its business model, Honest Tea set out to help develop the economic structure of impoverished nations. Honest Tea purchased raw ingredients from Native American and South African farmers and invested in its supplier-farmers to help them become self-reliant. Although Honest Tea has been a wholly owned subsidiary of the Coca-Cola Company since 2011, it continues to operate on the principles of social responsibility established by its founders. List as many examples as you can showing how Honest Tea defies the common social…arrow_forwardHonest Tea, the Coca-Cola brand that produced $130 million in global revenues last year, got its start because cofounder Seth Goldman didn’t like the options in the beverage coolers at convenience stores. So with the help of a former professor, he launched Honest Tea—the nation’s first fully organic bottled tea. But the company’s drive for success was not based not as much on profits as on a desire to change the world. With social responsibility steeped deep into its business model, Honest Tea set out to help develop the economic structure of impoverished nations. Honest Tea purchased raw ingredients from Native American and South African farmers and invested in its supplierfarmers to help them become self-reliant. Although Honest Tea has been a wholly owned subsidiary of the Coca- Cola Company since 2011, it continues to operate on the principles of social responsibility established by its founders. After viewing the video featuring Honest Tea, answer the following questions: List…arrow_forwardChoose a product or service that use green marketing, then respond to the questions that follow: How is Green Marketing used to market the good or service? Greenwashing is a term used to describe unethical green marketing. "Greenwashing" is the method of giving the impression that a company's products are more ecologically friendly than they actually are, according to Investopedia. Do you believe that this product or service is greenwashing? Why or why not? Visit the corporate website to learn more about this good or service. List three of the company's sustainability activities that are highlighted on their website.arrow_forward
- If you were a member of the marketing department of a food delivery platform and faced with strikes by delivery workers who were dissatisfied with the platform’s small share, how would you solve this problem and respond to this crisis?arrow_forwardGive the Support points of this following benifits: The advantages of secondhand clothes include financial savings •Suitability for other people, including both boys and girls. •Additionally, there are many benefits to purchasing secondhand clothing that go far beyond your own wardrobe. You can not only discover one-of-a-kind things, try out new looks, and uncover amazing discounts . •Purchasing used clothing is good for the environment and your budget because some of it is branded. •Some clients find that used apparel satisfies their needs. •The chance to find one-of-a-kind pieces that nobody else owns is one of the best things about buying used clothing.arrow_forwardFrom a marketing perspective, make a decision about whether participating in Black Friday madness makes sense, given your target market and customers. 1 Given this perspective, do you believe that ignoring Black Friday is a viable marketing decision? Why or why not? 2 What segment of the market do Black Friday and Cyber Monday target? Discuss whether you believe that the targeted market segments are the same for all businesses. 3 Finally, are you a Black Friday shopper? Why or why not?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios