They also expect a professional level of service. Choose a product that might be sold to customers. Conduct some research to establish what customer expectations are in terms of quality, time and cost specifications. How would you market the product to the customer taking these expectations into account? Activity 2.2.docx Detail the methods and procedures that might be used by an organisation to communicate with customers to identify and agree on product/ service specifications.
• Identify quantifiable elements that can be used to evaluate, monitor, and control marketing effectiveness. Week Two: Marketing Research • Justify the importance of marketing research in the development of marketing strategy and tactics. • Analyze the importance of competitive intelligence and analysis in marketing. • Identify various segmentation criteria that impact target market selection. • Describe the various types of organizational buyers and consumers and the factors that influence their purchasing decisions.
To do this, organisations need to be aware of the following: * Identify what customers are buying and what benefits they purchase * Understand why customers will or do purchase * Know when customers are likely to buy By knowing the customer, organisations can plan to meet their needs. Some other aspects they affect consumers purchasing decisions are: * Location * After sales support * Presentation *
Specifically it will discuss the differences in social status (gender, race, SES), open versus closed markets, stigmatization (gender, the anti-targets) and strain theory. After reading both books, the major differences that Door Room Dealers and Cocaine Kids have are more obvious to the audience; even though they may have differences there are many similarities, Cocaine Kids was fairly much easier to read. Cocaine Kids show many stereo types on how the society view drugs and other crimes that relate. Both books interviewed young teenagers in which all the participants were very ambitious and wanted to live life fast. Another difference in Cocaine kids is the teenagers ran there drug markets like a business and became very successful.
Part of this research must include the competitor’s strategies. By understanding the competition and their strategies Kundlers can work to expand their services, grow and identify their own market
Further I would like to know the co-operative advertising that she intends doing. The display design and the manner in which the product will be shown to customers; I would like to know if the display will match with the advertising layout and them. The next question that I would like to know is the amount of discount the on-package coupon will provide the customer. The next point is that we want to see the trial size that will be used for
How does the type of buyer or consumer affect marketing strategy? As part of your response, consider the characteristics of buyers and the factors that influence their purchasing decision. How can an organization ensure that their market strategy is appropriate for their target market? MKT 421 Marketing Week 3 DQ
The historical sales system includes information like Shipment schedules with dates, distance and locations of delivery, size of shipments, and payment dates by shipment. It also includes sales information about price paid, cost, margin and discount given. This system helps the sales and marketing department to have data to base decisions on when considering future interactions with customers. It clarifies for the marketing team trends that may repeat in the future and how to capitalize on profitable ones while minimizing non profitable trends. Marketing Research and Planning Huffman trucking implements a marketing research and planning system that supports a variety of areas within the marketing department.
2. [LO1] How is the Customer Value Framework useful? Answer: The CVF represents consumer behavior theory, which illustrates factors shaping consumption-related behaviors and ultimately determines the value associated with consumption. Thus, the CVF provides potential explanations for behavior. 3.
Plan Market Research BSB-MKG506B Assessment task-3 Plan Market Research Project Submitted to Meridan Assessment Task -3 Plan Market Research Project Use of Market Research for an Organisation Marketing research is the function that links the consumer, customer, and public to the marketer through information. This information is used to identify and define marketing opportunities and problems; to generate, refine, and evaluate marketing actions; to monitor marketing performance; and to improve understanding of the marketing process. Marketing research specifies the information, manages and implements the data-collection process, analyzes the results, and communicates the findings and their implications. Marketing research is concerned