As a Marketer for West Pack, you want to design a customer driven marketing strategy. You complete an audit to select the customers to serve and value proposition to include. Look at the options and choose what to include?i. Market segmentationii. Positioningiii. BrandingOptions I, ii and iiiOption i and iiOnly Option iOnly Option ii
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- Critique one aspect of each of Lululemon’s marketing mix strategies. Product Strategy Market Channel Strategy Marketing Communication Strategy Target MarketsExplain in details what is SWOT analysis. Do SWOT (Strength, Weaknesses, Opportunities, Threats) Analysis for the product that you are going to sellPlease create the following: Marketing Aspect: • Marketing Segmentation • Target Markets • Promotional Activities
- Which of the following describe the relevant information for decision making: Select one: O a. Help suppliers to choose which product to supply O b. Doesn't vary with the action taken O c. Focus on the past only O d. Relevance of information depends on types of decisionWhich of the following is most effective to show that you really know your target market? O Commitments to buy O Data from third party databases Surveys of potential customers Own personal expertise relationships O Prior salesGive specific example of Business Analytics application in each of the following : 1. Customer Acquisition 2. Cross sell/Up sell 3. Retention/ Attrition 4. Credit Risk 5. Customer Segmentation 6. Market Basket Analysis 7. Social Network Analysis 8. Fraud Detection 9. Forecasting & Optimization Make a list of the sources
- Explain the 8 step of developing the logistics strategy? Do a logistic audit The internal audit analysis Design the general feature of supply chain Set specific goals to show what each logistics activity must achieve. Design the best organizational structure, controls and system to support the logistic network. Benchmark logistic Implementation strategy Monitor and control.Consider some of the consumer behavior topics for business-to-consumer (B2C) marketing. How might you apply them to business-to-business (B2B) settings? For example, how might non-compensatory models of choice work? Mental accounting?3c). By reference to above data, how can a company effectively use CVP analysis to make strategic decisions about product pricing and product levels.?
- The foundation of every marketing strategy is the identification of a target market and the development of a marketing mix. The marketing mix is commonly referred to as the 4 P's of marketing: Product Price Place (also called distribution) Promotion Think about a fairly significant purchase you made recently and analyze how this product or service was marketed to you by the company. Do you think you are part of the target market that the company identified for this product? How did the company use the 4 P's of marketing to try to convince you to buy this product?List some AIS and MIS information from which sales people may benefit. Clearly indicate whether the information item would be an output of a traditional AIS or MIS system. Finally, discuss the benefits of integrating this information.Consider the following quality improvement strategy as expressed by a series of if-then statements: If real-time feedback information capabilities improve, then post-sales service time will improve. If post-sales service time improves, then post-sales service quality will increase. If post-sales service quality increases, then customer satisfaction will increase. If customer satisfaction increases, then market share will increase. If market share increases, then sales will increase. If sales increase, then profits will increase. Required: 1. Prepare a strategy map that shows the cause-and-effect relationships of the quality improvement strategy (see Exhibit 13.10 for an illustrative example). 2. Explain how the quality improvement strategy can be tested.