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Discuss the concept of perceived value and its importance

Assignment Help Marketing Management
Reference no: EM13969569 , Length: 1500 Words

Choose one of the topics below:

1. Discuss the concept of perceived value and its importance to consumer behaviour and marketing. Discuss the theory and then give practical examples of how customers perceive various brands and how this impacts on their behaviour.

  • Perceived value and its importance to consumers
  • Choose 2 or 3 brands or companies and consumer's attitude towards these

2. To evaluate an organization's Strategic Business Units (SBU), the Boston Consulting Group developed a portfolio performance framework.

  • Take 2 to 3 companies and explain how these companies have been using this model

3. Segmentation, targeting and positioning are interrelated activities which are important to achieving a successful Marketing Mix. Discuss these concepts in theory and give practical examples of how they can be applied to one industry of your choice. Examples of an industry you might choose: fashion for men, or personal care products (shampoo, shavers etc.), or pet products, or toys, or vehicles, or furniture, or fashion for women, or financial services, or beverages, or baby products, or snack foods or another industry. 

  • Identify 2 to 3 brands or companies and apply how these are using these concepts
  • Any under performing brand which is not using these concepts properly
  • Or any brand repositioning

4. Marketing decision makers in a firm must constantly monitor competitors' activities - their products, prices, distribution, and promotional effort.

  • Find 2 to 3 articles on any of the elements of marketing mix
  • Your essay need to focus on how companies are changing their MM to achieve growth, market share or profitability or brand awareness or bran loyalty

5. Good market research and environmental scanning forms the basis of success for other related marketing activities. Discuss the theory and then give practical examples of what types of market research and environmental scanning a company like Domino's Pizza should do and explain why.

  • Choose 2 to 3 business articles in market research
  • Explain how companies are doing environmental scanning and market research and seeing some benefits for their business.
  • You can choose a company and analyse their past performance due to effective market research done in the past

6. Why is it important to do market research and adjust the marketing mix when entering into a foreign market? Explain the theory and then give practical examples of how some companies have already adjusted their marketing mix in foreign markets. Also, explain what advice you would give the marketing team of "Vegemite" - if they wanted to launch this product in a foreign market such as South Africa (or a market of your choice), where people do not know the product/brand. 

  • Write on MM as how companies are reviewing their MM while entering into foreign markets and getting success.
  • Or any problems when they do not adjust their MM in overseas markets.

Words Limit : 1500

Reference no: EM13969569

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