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- 1. Definition of market segmentation. 2. Difinition of market targeting.Module: Marketing Strategies; 1. Discuss how the demographic and lifestyle variables can be used to segment the consumer market using Living Standards Measure Methods.This is homework question, can you pls help me -) Marketing managers rely strongly on the vision and mission of the organization when they are developing marketing strategic plans because it leads the managers to support attributing the competitive advantage of the company Explain the importance of the vision and mission to develop strategic plans for marketing?
- c. Marketing intelligence and marketing research are used by marketers to make informed decisions. Explain the difference between both concepts?40 Select ALL the tools that are used when conducting an industry analysis. SWOT Analysis Porter's 5 Forces PESTEL Analysis Scenario AnalysisExplaining 4. various criteria for selecting the Arima model (include advantages/disadvantages) And write the reference
- Consumer Decision Making Process: 1. Problem Recognition 2. Information Search 3. Alternative Evaluation 4. Outlet Selection and Purchase 5. Post Purchase Processes Use the purchase of eggs and describe actions one would take at each stage of the consumer decision-making process above, in detail. Would one skip any of these stages? Which stage is most important for marketers? Does this depend on which product is being marketed?Market segmentation and product positioning in consumer markets are extremely important concepts for marketers to address. One of the big questions to address is what attributes should end up in the final positioning model(s). Furthermore, there are questions of whether the attributes should be of utilitarian or more hedonistic/psychographic in nature. Clearly there is also a place for creativity in these regards. Discuss how marketing management should go about making these critical product/brand positioning decisions. After some discussion, present an example of a creative perceptual map that Burger King could use to position and differentiate its brand from others like McDonald’s, Kentucky Fried chicken, and other fast food restaurants.1.Discuss the differences between the absolute threshold and differential threshold. Which one is more important to marketers?
- Which of the following statements best describe a focus strategy: Select one or more: a. A focus strategy is an integrated set of actions taken to produce goods and services that serve the needs of a particular market segment, such as a specific buyer group (e.g. young or old people). b. A focus strategy is an integrated set of actions taken to produce goods and services that serve the needs of several particular market segments (e.g. young and old people). C. A focus strategy is necessarily an integrated set of actions taken to produce goods and services with lower production costs than competitors. d. A focus strategy can be considered a differentiation or cost leadership strategy applied to a limited geographic market.Define the marketing mix; name and describe the 4P’s of marketing.Explain the process of how to test a product for the market.Explain the ethical issues in marketing research – what are thy and how would the impact a marketer behaviorExplain Marketing information systems (MIS) How it is used in the marketing system.Identify the benefits of marketing mix that makes it important1. Definition trends of marketing. 2. Definition problems of marketing. 3. Definition market gaps of marketing.