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essentials of marketing

Questions and Answers of Essentials Of Marketing

What type of focus group would be best suited to an investigation of working women’s food shopping habits?
What are the main advantages and disadvantages of using online surveys and when might you use one?
Subway is a fast-food restaurant in which sandwiches are freshly made, with the exact composition decided by the customer. The sandwiches are made from soft bread rolls, usually either six inches or
What are the stages of new product development?
Critically evaluate the usefulness of the BCG matrix when developing a product portfolio. You should also consider the limitations of using such a framework.
How might a firm use reinvention when repositioning a product?
From the BCG matrix, which products would probably be bought by the late majority of adopters?
Evaluate the importance of package design and colour when developing a brand.
What disadvantages might family-line branding have over individual branding?
How does the development of technology impact on brand building?
What is a brand community and what impact does it have on brand development?
Price is often regarded as a financial decision rather than a marketing one. Critically evaluate this notion, explaining why pricing is a fundamental element of the marketing mix.
KFC began life as Kentucky Fried Chicken, and was founded in 1952 by Colonel Harland Sanders. The ‘Colonel’ title was an honorary one: he was not a military man, but had been compelled to earn
What is the difference between margin and mark-up?
When should a skimming policy be used?
How can penetration pricing be used in international markets?
Why should a firm be wary of cost-plus pricing?
How does customary pricing benefit the supplier?
What role does customer perception play when setting prices?
ASOS is an online retailer of fashion items. The company has no high street stores, instead operating solely on the Internet: the name comes from As Seen On Screen (and is pronounced ACE-OSS). The
Under what circumstances might air freight be cheaper than surface transport?
How might wholesalers improve the strength of their position with retailers?
Why might a wholesaler be prepared to accept a restricted-territory sales agreement?
When should a manufacturer consider dealing direct with retailers?
When should a manufacturer consider dealing direct with the public?
The aim of marketing must be to make selling superfluous.’ Discuss.
How can sales promotions help a company's production planning process?
Traditional advertising methods are no longer relevant.’ Critically evaluate this notion.
What are the main advantages of PR over advertising?
It is often suggested that social media is instrumental in developing strong WOM (word of mouth). Critically discuss this statement.
Which part of the AIDA model does personal selling best achieve?
What is the purpose of sponsorship?
What are the key issues in establishing a website?
What are the benefits and disadvantages of using social media sites when developing marketing campaigns?
What is Return on Investment in the context of social media marketing?
Pandora is a Danish-owned jewellery manufacturer and distributor. The company is headquartered in Copenhagen, but its main manufacturing is based in Thailand, and it markets its products in over 100
As digital platforms and social media are rapidly becoming a key element of promotion within many organisations, critically evaluate why digital marketers are focusing on Return on Investment to
Who should be consulted when setting objectives?
The concept of the marketing audit was devised over 50 years ago and has little changed over the decades.’ Critically assess this notion, commenting on the value and currency of the marketing audit
Describe three main methods of sales analysis.
What is the purpose of integrating marketing tactics?
What organisational structures might a multinational computer manufacturer (e.g. IBM) use?
Compare Dunning's eclectic theory of internationalization with the stages of development approach.
How has the development of technology and the Internet impacted on the development of strategy?
Why is it important to consider Return on Investment when analysing performance?
Accor Hotels is a French-owned chain of hotels, operating in the hospitality business throughout the world. The company owns more than 4,000 hotels, and operates in 95 countries with more than a
How might complaint handling be improved in the airline business?
What problems might arise from reducing staff levels in the hotel trade?
Develop a critical discussion which evaluates the importance of empowerment when developing the customer service process.
What are the implications of divergency and complexity in the fast-food business?
Using a company of your choice, evaluate their current service using the three Ps (people, process and physical evidence). Make recommendations as to how to develop these elements to enhance service
How does staff empowerment help in recruitment and staff retention?
What mechanisms account for complaint behaviour in services?
Why should companies brand their products? Develop an evaluative discussion which considers the elements of a brand, the importance of branding and the problems faced when developing a brand. You
Bayerische Motoren Werke was founded in 1916, in the middle of the First World War. The company's purpose at that time was to manufacture military aircraft engines: its Illa engine was known for good
What impact has technology had on the delivery of services?
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Skim through the different sections of the marketing plan. Look more closely at
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. The situation analysis section of the marketing plan includes sections labeled
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Customers” section.a. How does the marketing plan segment
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Customers” section and consider the following questions.a.
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic.Hillside decided to focus on final consumers and their pets rather than include
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Customers” and “Competitors” sections in the Situation
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. What goods does Hillside
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. Hillside offers many
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. Why does Hillside sell its
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section. To provide veterinary care to
Compare and contrast the marketing mix and target market for a bike shop in your community with the online bicycle retailer Performance Bicycle (www.performancebike.com). Use your best judgment to
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. What kind of retail
Briefly explain the nature of the three basic promotion methods available to a marketing manager. What are the main strengths and limitations of each?
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. What are Hillside’s
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. What personal selling tasks
Find advertisements to final consumers that illustrate the following types of advertising: (a) institutional, (b) pioneering,(c) competitive, (d) reminder. What objective(s) does each of these ads
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. What are Hillside’s
Think about a business from which you regularly make purchases even though there are competing firms with similar prices. Explain what the firm offers that improves value and keeps you coming back.
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Veterinary Clinic. Look through the “Marketing Strategy” section.a. A veterinary clinic located
Cite a local example of odd-even pricing and evaluate whether it makes sense.
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Vete r inary Clinic. Look through the “Marketing Strategy” section.a. A veterinary clinic must
The Marketing Plan Coach software on the text website includes a sample marketing plan for Hillside Vete r inary Clinic. Review the entire marketing plan.a. How do the pieces fit together?b. Does the
For each of the major laws discussed in the text, indicate whether in the long run the law will promote or restrict competition (Exhibit 3–4). As a consumer without any financial interest in
Is price discrimination involved if a large oil company sells gasoline to taxicab associations for resale to individual taxicab operators for 2½ cents a gallon less than the price charged to retail
Art Glass Productions, a producer of decorative glass gift items, wants to expand into a new territory. Ma n agers at Art Glass know that unit sales in the new territory will be affected by consumer
AgriChem, Inc., has introduced an innovative new product—a combination fertilizer, weed killer, and insecticide that makes it much easier for soybean farmers to produce a profitable crop. The
How likely would each of the following be to use competitive bids? ( a ) a small town that needed a road resurfaced, ( b ) a scouting organization that needed a printer to print its scouting
ko, Inc.’s managers are comparing the profitability of a target marketing strategy with a mass marketing “strategy.” The spreadsheet gives information about both approaches. The mass marketing
s problem introduces you to the computer-aided prob lem (CAP) software—which is at the O n line Learning Center for this text—and gets you started with the use of spreadsheet analysis for
What are examples of the benefits that you can provide to a prospective employer in your field? What are examples of the costs that employer would incur if they hired you? How do you think you can
This problem lets you see the dynamics of break-even analysis. The starting values (costs, revenues, etc.) for this problem are from the break-even analysis example in this chapter (see Exhibit
As a community service, disc jockeys from radio station WMKT formed a basketball team to help raise money for local nonprofit organizations. The host organization finds or fields a competing team and
Give three examples where advertising to intermediaries might be necessary. What are the objective(s) of such advertising?
Identify the strategy decisions a marketing manager must make in the advertising area.
Hydropump, Inc., produces and sells high-quality pumps to business customers. Its marketing research shows a growing market for a similar type of pump aimed at final consumers— for use with
How would the marketing mix for a staple convenience product differ from the one for a homogeneous shopping product? How would the mix for a specialty product differ from the mix for a heterogeneous
You operate a small hardware store with emphasis on manufacturer brands and have barely been breaking even. Evaluate the proposal of a large wholesaler that offers a full line of dealer-branded
Review the types of segmenting dimensions listed in Exhibits 4-8 and 4-9, and select the ones you think should be combined to fully explain the market segment you personally would be in if you were
Mediquip, Inc., produces medical equipment and uses its own sales force to sell the equipment to hospitals. Recently, several hospitals have asked Mediquip to develop a laser beam “scalpel” for
Provide a specific illustration of why marketing strategy planning is important for all businesspeople, not just for those in the marketing department.
Explain why a firm should view its internal activities as part of a total system. Illustrate your answer for (a) a large grocery products producer. (b) a plumbing wholesaler. (c) a department store

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