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The world of the 21st century promotes an environment of rapid change and development. The fast evolution of the internet in the last couple of years has presented a massive change in the modes of connectivity all over the world. The faster acceptance of various kinds of modern-day high technology gadgets has resulted in the process of a high level of connectivity to masses all over the world.
The needs of consumers are equally important in determining the industry location. It is impossible for the executives of domestic companies to consider their domestic market and domestic competition alone. If they fail to look beyond their national boundaries, they can lose marketing opportunities to competitors.
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This is the only department that generates revenue for the organization. Thus, more resources should be invested in strengthening them to ensure that they operate at full capacity. Successful marketing departments translate into increased revenue for the organization. Without a functional marketing department, the organization cannot make any sales, which would end up being a failure to the firm.
The modern business environment is highly competitive and an organization needs to have a greater competitive advantage. Most organizations implement both marketing approaches. This enables them to be versatile in adapting to new trends. Having in place two marketing approaches is important in the modern business environment.
It has been apparently observed that Blast Fat has not conducted any sort of clinical testing concerning its different sorts of products before positioning them in the business markets. Thus, it is the prior responsibility of the company to conduct in-depth clinical testing for the purpose of acquiring a brief idea about the behavioral attitudes of the customers using the products of Blast Fat.
To begin with, the marketers should ensure that they define their market to have a deeper understanding of exactly what their target market is. Summit sports should therefore consider concentrating on people aged between 25 to 54 years and they should adopt differentiation strategies to ensure they retain the consumers in that particular age group.
Starbucks should focus on providing its customers with incentives that foster customer loyalty and retention. These incentives are meant to promote buyer action and enhance company sales. Some of these include a 10-cent discount when customers use their own reusable containers, free app download from iTunes or weekly songs, as well as free Wifi internet usage.
In the same regard, the questionnaire also avoids leading, bias and emotional questions. Such questions would make the questionnaire ineffective. It would not be able to collect the right information as it would tend to influence the respondent to give a response to the questions in a given manner.
The company M&S demonstrates a major example in the case of sustainability that generated £185 million as the net benefit that was reinvested in the business. The financial, social, and environmental progress shown by the company is totally due to the integration of sustainability and the way in which the business is run.
The paper depicts the current position of Google Inc. The analysis also frames up a guideline for the company regarding ways of performance improvement. With competition growing from other search engines and in the face of legal and political pressures, the company has to keep upgrading and monitoring the use of the search engine.
The marketing attack strategies include discount offers, loyalty-based discounts, memberships, bulk demand offers, and other packages. The information regarding these packages and offers will be delivered through the website and brochures. The business will further use trained staff to communicate and deal with the customers.
The new fabric was particularly suited to military needs and headed Burberry to design an armed force officer's parka which turned into a necessary component of the standard uniform for British officers in the early 1900s. Burberry pressed on to improve the officer's waterproof parka by integrating practical measurements.
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The gradual increase in the household income as the result of increased business and job opportunities has made the majority of consumers change their lifestyles by embarking on purchasing luxurious products. The wealth class in Africa is expanding thus making the continent a focus of luxurious companies based in foreign countries.
Jayson Demers is the author of the article, “The top seven online marketing trends that will dominate 2014.” The article was published on 17th September 2013. The editorial discusses the new online tools and strategies of marketing that firms are adopting that could dominate the approach to marketing next year.
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The telegraph made it possible for marketers to send information over a long distance (Belch and Belch, 2012). E-Marketing is very flexible, and this is because it allows companies to create a target marketing campaign that can reach a wide audience. E-marketing is also cost-effective because a company can reach its target audience at a very lower cost as compared to other types of advertising.
“Everything You Know About Branding Is Wrong” – By David Galullo An article was published in Forbes Magazine on 3 December 2013. It was written by David Galullo, CEO of Rapt Studios. Gallulo has remained as a prominent businessperson who has been featured on Bloomberg TV and New York Times.
The cooperation shall have its task by forming a common market and estimating the member states’ economic policies, to promote a harmonious growth of economic activities all through the Community, a balanced and continuous enlargement, increased stability, and increased raising of the living standards of the people in the member states and closer ties between the nations that belong to it.
The research starts with providing an overview of the organization chosen, in this case the World Bank, a background of the policy issue involved, the desired outcome and goal, the action undertaken for that outcome, which is the enactment of the Principles for Responsible Agro-investment (hereinafter, RAI Principles).
Portakabin Limited is an important member of Shepherd Group in the United Kingdom (UK) that has a specialty in modular building production. Initially, it was serving customers of the construction industry by developing attractive buildings but as the demand of its target market changed, it decided to expand into the development of offices, hospitals, and schools (The Times 100, 2011).
This study was mainly focusses on cheap airlines services. One of the ethical factors that attend to this kind of study is that it involved an element of classified information. Exposure of some of some information about specific airlines might imperil of jeopardize their business interests.
In keeping with the rapid growth of the modern business scenarios, services marketing can be observed as one of the leading elements, which considerably provides immense support for global marketers. The service industry extensively involves those organizations which deal with services or in various scenarios the services are often regarded as the core products of these organizations.
Jot Company has currently been striving to maintain good relations with the newly elected officials through showing their support for these objectives to the extent that will not result in the amassing of losses and slowly trying to maintain the employment opportunities present within the organization to within the country.
In conclusion, many enterprises in the market would not be comfortable having released such advertisements that are quite stark in nature. They suggest actions that are not really spoken about in public, but very obvious actions that must be carried out for a sense of achievement of personal well being.
Advertising is a marketing tool that is used to market the company’s product or services. Advertising campaigns are prepared for different products. For example General Motors will create separate advertising campaigns to advertise its Volt model than for the advertisement of its different pickup truck models.
GPS is a company that is engaged in offering products and services in the hospitality and the healthcare industry. It provides hygiene products that are used in hospitals such as disinfectants, napkins, toilet papers and tissues. It also provides disposable equipment, cleaning equipment, utensils, cooking equipment used by tourists in restaurants and cafes. It also provides standard wrapping materials such as bags, tapes and papers.
Marketing initiatives that are on the Internet are able to continue with the expansion of businesses while providing new outlets for those interested in the approaches used within a business. When looking at the Cerebral Palsy League, there is a specific association with changing the website to promote the services and efforts of the company.
Scotch whisky is the leading product exported. The major export markets for Scotch whisky are United States, Spain, Singapore, and South Korea. Emerging economies like China and India are increasingly becoming important export markets for whisky. The highest-selling brand of Scotch is Johnnie Walker.
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Franchising is a practice used as an alternative to building chain stores. This is done in order to distribute goods just like chain stores but in the case of franchising liabilities and investment is both restricted. Franchising is a type of retailing method that has spread very quickly all over the globe over the recent years.
Recent developments underscore how the “marketing-era” period has further evolved, ushering in new marketing perspectives. There are currently new logics in the field that characterize recent marketing practices such as the way intangible resources are integrated into the creation of value and relationships.
The target market will be the young adults, most of which will be engaged in various business operations or day-to-day communication with their relations. The small appliance supports Company G’s mission statement in several ways. In the first place, the appliances are made using very few materials and little energy.
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I would like to request you to give twenty minutes of your time for the responses. If you don’t mind, I will request also for permission to record or write down the answers. Kindly note that your identity is not disclosed in this interview. Thank you. 1.
Indeed, the targeted people at the gym include the many trainers and owners of the Top Tier Gym. The owners will decide on the best products to be marketed in the gym while the trainers can assist them in making this decision since they are constantly in touch with the clients and are hence better placed in knowing what is needed.
The company that has been chosen is Shell Limited. It is an international organization, that has been functioning well despite facing a huge number of lawsuits and allegations, their profits have not dwindled. They are a chain of petrochemical businesses. Their main aim is to look for ways and as well as provide fuel in an economically, socially, and as well as environmentally beneficial way.
In a situation where a sales manager has the knowledge concerning the demand, the forecasting techniques are used, while in a situation where a manager is seeking to determine the pricing policy of the firm for generating demand increase, estimation techniques are applied. In fact, the paper will discuss techniques applied in marketing demand forecasting.
Microsoft has a Board of Directors, which comprises of four committees namely, compensation committee, audit committee, regulatory and public policy committee, and government and nominating committee (Marsan, 2012). At Microsoft, the Board can remove any existing committee and/or add a new one anytime this action deems necessary. The Board has an independent policy that gives guidelines on certain issues.
In the process of decision making, the consumer accounts for his/her tastes and preferences relative to the product in question. Product price and quality also feature in the process, allowing the consumer to make an informed choice or decision (Lunn, 2011, p.128; Sheth, 2011, p.91).
IBM invested in the service business by divesting from low-margin industries that included producing hard drives and personal printers. Effectively, the company started investing in acquiring businesses that gave the company high-profit margins instead of low-profit margins. The company had realized the products that gave the company low-profit margins were not centered on fulfilling customer needs.
The marketers also focus on psychology of the consumers and influence of environmental conditions such as a culture, family, signs and media. In fact, this entails the focus on consumers’ behaviors while making purchases and other decisions. Nevertheless, there are limitations concerning consumer knowledge or ability to internalize information that can influence their decisions and results of marketing strategies.
A brand is a collection of symbols or experiences that is associated with a product, service, or organization (Gupta, 2009, p. 01). The brand of a company reflects the organization’s concept, principles, ethics, and values. Let us take the example of Starbucks and analyze the various aspects of the brand in terms of the brand promise, personality, values, attributes, and identity.
In addition, marketing helps to manage customer relationships in a way that benefits the organization as well as its shareholders (JFP, 2009). Marketing, as a science assists in choosing target markets through market segmentation and market analysis.
In this case, two of the forces play an immense role in administrative cultures. These include complexity and rigidity of rules, and overstaffing. In my opinion, these factors limit the abilities of organizations to establish organization cultures similar to Western cultures.
Role of brand elements in developing brand equity.
Brand can be defined as “A name, symbol, logo, signature or a combination thereof that defines a manufacturer's products or services through differentiating them from competitors' products or services and offers perceptions such as quality, value, prestige to the consumers”(Pars & Gulsert, 2011, p.228).
Genius or risky? The answer to this question could go either way when looking at Burger King’s “Whopper Freakout” marketing campaign. This campaign was launched on December 9th, 2007 on Burger King’s 50th anniversary (Lenze 3). Its goal was to market the whopper burger which was the most popular Burger King product.
The carbon emissions emanate from the burning of gas, coal, and oil. Naturally, when this process occurs, plants absorb the carbon dioxide emitted from the process. However, when it is done on large scale, the plants cannot absorb the carbon dioxide since it is being produced at a much faster rate than the absorption rate.
Chinese citizens are hedonistic and swayed strongly by group sentiment in the social environment whilst Japanese consumers, the home country, are attracted to Canon through years of perception of quality built with longevity as a brand in this country. In the USA, consumers markets are attracted to the lifestyle-centric promotion and brand expansion opportunities provided by Canon.
The in-store retail environment would remain the highlight of this study. In addition, this paper would also tend to shed light upon the importance of such an environment along with its impact on consumer behavior and brand image. The prominent concepts of consumer perception, buying behavior and loyalty would also be highlighted in this study.
The organization’s success in the competitive and dynamic environment is mainly determined by its ability to develop, implement, monitor and evaluate its business strategy (Roussow, 2003). In as far as a marketing concept in business is concerned, it can be seen that the ideal criteria can be used to select one depending on the goals and objectives to be achieved by the organization.
Asda was revealed to be a large UK retailer with 542 stores. Case facts revealed that its competitor was identified to be Tesco, the largest retailer in the UK. Currently, Asda proposed the launching of Asda Money, a financial service venture which would offer its targetted 18 million customers to avail of currency exchange, credit card, and insurance.
The external environment for the company is turbulent with Sony and Microsoft emerging as strong competitors with the Play Station and Xbox respectively. Whereas Nintendo has traditionally targeted the young generation engaged in fairly simple console-based games, Sony has continually focused on developing and sustaining high quality.
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The findings of the study also have some empirical values such as, 1- findings of the research can be used by companies to design their digital marketing and product strategy and 2- research findings can help social media marketers to decide their search engine optimization (SEO) strategy.