Principles of Marketing

 

Pick a fast-food company (ex. Wendy’s, McDonald’s, etc.), a beverage (ex. Mountain Dew, Miller Lite, etc.), or an automobile manufacturer and model (ex. Honda Odyssey, Toyota Tacoma, etc.).
1. Identify the target market (may be multiple if different product lines)
2. Identify and evaluate the company’s marketing mix
1. Product decisions for main products
i. Quality (perceived versus competitors)
ii. Packaging
iii. Design
iv. Product life cycle
v. Product mix
vi. Branding
vii. Customer service
1. Price
i. Strategy
ii. Use of discounts
1. Place (Distribution)
i. Type of channel
1. Promotion
i. Strategy and mix
ii. Medias used
iii. Effectiveness
1. Who are the primary competitors?
2. Identify and evaluate 4 marketing environment trends. What threats and opportunities will these trends present to the company?
3. What is the company’s core competency or competitive advantage?
4. How do they try to create or improve customer value?
5. Does the company use a web site in the marketing mix and if so, how effective do you think it is? How could the company better use its web site?
6. What recommendations would you make to the company to improve its marketing efforts?

 

 

Sample Solution

Principles of Marketing

Wendy`s is an American international fast food restaurant chain founded by Dave Thomas on November 15, 1969, in Columbus, Ohio. Wendy`s target demographic has never been a stodgy, high-class investment banker. They strategically target millennials and young professionals by working to position themselves as the hippest place to grab lunch. Besides gaining traction in the media, Wendy`s is providing an excellent example of how to speak to their customer. Marketing strategy of Wendy`s analyses the brand with the marketing mix framework which covers the 4Ps (Product, Price, Place, Promotion). There are several marketing strategies like product innovation, pricing approach, promotion planning etc. These business strategies, based on Wendy`s marketing mix, help the brand succeed.

 

 

11 Dec ‘14339964.5/5

Brush with death

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By Nicholas Klacsanzky

GanpatipuleI was on an excursion in Ganapatipule, which is a town on the coast on the west side of India, arranged right on the Indian Ocean. I was with my long-term companion, Janu, and his mom, remaining in an inn for a couple of days. The get-away so far was the epitome of unwinding: eating crisp mangoes, getting up late, feasting out constantly (for the most part fish curry), swimming a couple of times each day in the Indian sea, and kidding around with old buddies.

Around three toward the evening on a cloudless day, the sea shore on our side was vacant of individuals other than my companion, his mom, and I. It was liberating to be distant from everyone else on this immense sea shore, known to be a blessed spot among Hindus. Ganapatipule is named after the god Ganesh, and there is a popular Ganesh hallowed place close there where a swayambhu (a model raised from the earth itself as a divine being) is venerated. Washing in the sea around this region should scrub individuals of their pessimism and visiting the place of worship decontaminates people also.

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As I began to swim in the warm sea, hopping over waves, I abandoned my companions. I was wearing a white kurta, or a conventional clothing for men in India, which was overwhelming in the water, however my feet was effectively contacting the sea floor consistently. I generally washed my garments by swimming in the sea when I was there.

In any case, at one moment, I felt that my feet couldn’t contact the sea floor any longer and I dove into the water, weighted somewhere near my garments. The waves continued coming and now they were threatening, as I was getting sucked into the profundities each opportunity they came—regardless of whether I emerged from the water and attempted to swim back to the piece of the sea where I could get an a dependable balance. I had been sucked into a riptide, truth be told, and was stuck in a plunging valley, in spite of my hard endeavors to arrive at security and my hollering to my companions out yonder.

In the wake of battling intensely for a couple, long minutes to conflict with the suction of the riptide, and yelling to my companions out there close to the shore without much of any result, I started to unwind, tolerating my destiny. I never again battled to arrive at the edge of the sea valley to get a decent footing, and during the time spent being maneuvered into the sea and returning up to the surface, I conversed with God so anyone can hear. I talked about what I had fouled up in my life and what I did well. I closed in reflection that my life was satisfying generally speaking, and I felt prepared to bite the dust, tolerating the current condition as the real world.

However as soon I gave up myself to the circumstance, a gigantic wave came and pushed me out of the riptide and the profound valley I was sucked into. On the float of the wave, I arrived close to my companions, who appeared to be bewildered at my demeanor and my expressions of depiction. They were ignorant that I experienced been difficulty. However, it didn’t make a difference at that point—I was glad to arrive at land again and felt my life was reestablished.

I later took in the time I swam was foreboding for swimming at Ganapatipule, as the locals accept the god Ganesh washes around three in evening in the sea there. Maybe Ganesh pardoned me for the interruption, and discharged me from the resentment of the sea against divine convention.

 

 

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