Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1. An industry constitutes five firms, Elevation Partners, FTV Capital. Tango Card, EBANX, Sitehands. The Sales Revenue and Number of Customers of the various firms

Q1. An industry constitutes five firms, Elevation Partners, FTV Capital. Tango Card, EBANX, Sitehands. The Sales Revenue and Number of Customers of the various firms are listed below

Company

Sales Revenue

Number of Customers

Elevation Partners

2,000,000

300,000

FTV Capital

900,000

150,000

Tango Card

3,000,000

120,000

EBANX

600,000

70,000

Sitehands

700,000

130,000

  1. From the table above, calculate on monetary basis the market share of each company.
  2. As a marketing manager at EBANX what strategies will be appropriate to increase the market share of the organization.

  1. In the first month of a new financial year for FTV Capital, the total sales were 1,000,000, while in second month they went up to 1,200,000. In the third month however, sales went down to 800,000. Calculate the month on month growth rate for the FTV Capital. Explain to management what is happening and suggest remedies to curb the situation.

  1. 15 road shows of Tango Card company yielded 10,000 new customers out 50,000 targeted customers, Social Media Campaigns yielded 50,000 customers as 800,000 were targeted, Big Fat Zero promotion yielded 75,000 whereas 1,000,000 were targeted, and Personal Selling resulted in acquiring 60,000 out of 250,000 targeted. Calculate acquisition rate for each activity.
  2. e. EBANX Ltd started the new financial year with 80,000 customers. In the course of the year, their marketing efforts yielded 120,000 new customers and but the number of customers as at now (end of year) is 140,000. Calculate customer retention rate and suggest an appropriate strategy on the way forward.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions