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- 1. Define marketing in your own words. 2. State and discuss the goals of Marketing system and give example of each goal.1. Grocerants would use which marketing management philosophy? a. Production orientation b. Sales orientation c. Market orientation d. Societal marketing orientation 2. By trying to get customers to spend more time in the store and purchase additional products, grocerants use which strategic opportunity? a. Market penetration b. Market development c. Product development d. Diversification Answer: a. Market penetration. See Section 2-3. 3. Whole Foods' best-selling prepared meal would be their a. problem child b. dog C. cash cow d. star 4. Who are grocerants key age demographic? a. Tweens b. Millennials c. Generation X d. Baby boomersA common saying among managers is "if we can'tmeasure it, we can't manage it.• Is there such a thingas an overreliance on marketing metrics? Are therecases or specific aspects of marketing where a singleminded focus on metrics is inappropriate or detrimentalto the firm?
- 20 - What concept explains what a business wants to be?A) TargetB) MissionC) StrategyD) PurposeE) Visionwww www Stypes corporate strategy of strategic? Give serval example companies aspectExplain each of the following concepts providing an original example of each.1. Customer Relationship Management (CRM).2 Relationship marketing.3. Unrealistic relationships (in terms of CRM).4. Customer retention.5. Zone tolerance
- 1. What types of marketing controls should OEB Breakfast Co. in Calgary Alberta put in place to monitor and measure the success of their marketing plan? Marketing Control Types • Annual Marketing Control • Profitability Control • Efficiency Control • Budget Control • Strategic Control Note: please refer to the summary of marketing plan attached(1) Marketing Strategy Many market researchers have their favourite research approaches or techniques, although different researchers often have different preferences. Some researchers maintain that the only way to really learn about customers or brands is through in-depth qualitative research. Others contend that only legitimate and defendable form of marketing research involves quantitative measures. a. Discuss with the use of examples.Business Name : ADIDAS X PARLEY. 1. Positioning? 2. Value driven marketing strategy? 3. Value proposition statement? 4. Propose model & framework ?
- 3) If the Company have no marketing strategy, explain the following consequence that might affect to their goals, mission and objectives. a) Losing out to competitors b) Losing market share to existing and start-up competitors c) Gaining and retaining fewer customers d) Missing out on opportunities for better targeting e) Lack of planning and discourage to execute good ideas. f) Easily collapse g) No direction in attaining the company’s goals and objectives h) Lack of managementmcqs 19.The group of founders, key employees, and advisers that either manage or help manage a new business in its start-up years."a)New venture teamb)Concept testc)Characteristics of attractive industriesd)Industry 20.To affirm that the proposed product or service is desireable and serves a need in the marketplace.a)Approaches to assessing product demandb)four components of feasibility analysisc)Components of Product/ Service desirabilityd)Product/ Service feasibility analysis 22.A(n) ___ is a favorable set of circumstances that creates the need for a new product, service, or business. A(n) ___ is a thought, an impression or a notion."a)"scheme, notion"b)"opportunity, idea"c)"idea, design"d)"idea, opportunity 23.To affirm that the proposed product or service is desireable and serves a need in the marketplace.a)Approaches to assessing product demandb)four components of feasibility analysisc)Components of Product/ Service desirabilityd)Product/ Service feasibility analysisEssay. 1. WHAT MARKETING CONCEPT DO YOU THINK IS THE BEST STRATEGY THAT THE COMPANY SHOULD FOCUS ON? DEFEND YOUR ANSWER?