MARKETING 2018
MARKETING 2018
19th Edition
ISBN: 9780357033753
Author: Pride
Publisher: CENGAGE L
Question
Book Icon
Chapter 5.2, Problem 2C
Summary Introduction

Case summary:

Company L is a toymaker company which was founded in the year 1932 by Person C. Later it was moved to his son Person K after Person C’s dismiss. They made plastic bricks. The product was produced on targeting both girls and boys but it was attracted more by the boys. So Person K wants to make its products exclusively for the girls. For this purpose he made various research to know the habits and preference of the young girls. The research found that girls are concentrated on role playing and they are attracted on colors.

So he made a product called Company L friends set. This set includes 5 female mini figures, and created with attractive colors like pink, lavender, and turquoise. This product becomes a controversy as it forced gender stereotype.

But the sales were double than the earlier. It attractive girls heavily. The success of the company was because of its research, workers, and customer relationship.

Characters in the case:

  • Company L: The toymaker
  • Person C: The founder of Company L
  • Person K: Son of Person C

To discuss: The way Company L engages it customers in marketing research

Blurred answer
Students have asked these similar questions
Business News: Capitec joins the home-loan market in a long-awaited moveCapitec has announced on Tuesday that it has officially entered the home loans market. Capitec has announced that it hasjoined the home loans market on Tuesday afternoon, great news for clients of the highly popular bank. With the highestnumber of clients, Capitec has not offered up secured lending to procure homes and only recently launched 'purposelending' to fund vehicles in April. The bank announced a partnership with SA Home Loans and is offering interest rates from6%, a whole percentage point below prime, which places Capitec in direct competition with other major banks that havebeen in the game for decades.While the home loan has been named Capitec Home Loans, it is SA Home Loans and not the bank itself which will actuallyassess and approve customers. The loan will be digitally-led and is offering finance for properties up to R5 million over thecourse of 30 years. In addition to promising an answer in five…
LG India is the largest consumer durable home appliances manufacturer and is ready with a new washing machinewhich is expected to change the washing concept for the consumers. What qualitative research methods would you, ashead of washing machine sales division, consider while forecasting for the new machine?
Leveraging Marketing Analytics for Strategic Market Trend Analysis..... MNY Corporation, a leading player in the retail industry, is keen on staying ahead of the curve by leveraging marketing analytics to navigate evolving market trends. With a diverse product portfolio ranging from electronics to fashion, MNY Corporation aims to maximize its competitive advantage through insightful trend analysis. As a marketing analytics consultant hired by MNY Corporation, the task at hand involves conducting a comprehensive analysis of market trends and devising strategies for effectively harnessing these insights. The analysis must consider the complexities of consumer behavior, the competitive landscape, technological advancements, and broader economic factors. Questions: 1. Utilizing advanced analytical techniques, analyze recent consumer behavior patterns to identify emerging market trends across various product categories.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L