Explain customer-perceived value

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Reference no: EM131863891

ASSIGNMENT - 1

Marketing Management

Directions: Answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.

Respond to the items below.

1. Explain customer-perceived value.

2. Explain total customer satisfaction.

3. What valuable functions can brands perform for a firm?

4. Given that the power of a brand resides in the minds of consumers and how it changes their response to marketing, there are two basic approaches to measuring brand equity. Briefly, describe each of these approaches.

5. Incorporating the concepts discussed in this assignment, answer the following: How does a loyal brand community support the positioning and branding of a small business? Provide an example to support your explanation.

ASSIGNMENT - 2

Directions: Answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.

Respond to the items below.

Part A: With Products, Is It Form or Function?

The "form versus function" debate applies in many arenas, including marketing. Some marketers believe that product performance is the end all and be all. Other marketers maintain that the looks, feel, and other design elements of products are what really make the difference.

Take a position: Product functionality is the key to brand success versus product design is the key to brand success.

Part B: Is the Right Price a Fair Price?

Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service. Some critics shudder, however, at the thought of $2 bottles of water, $150 running shoes, and $500 concert tickets.
Take a position: Prices should reflect the value that consumers are willing to pay versus prices should primarily just reflect the cost involved in making a product or service.

Verified Expert

First part of this assignment is about customer-perceived value, total customer satisfaction, valuable functions can brands perform for a firm, the power of a brand resides in the minds of consumers and how it changes their response to marketing, there are two basic approaches to measuring brand equity as well as a loyal brand community support the positioning and branding of a small business is also included in this part. Second part of this assignment is With Products is it a form or function and whether the right price a fair price or not is also discussed in this paper.

Reference no: EM131863891

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Reviews

len1863891

2/15/2018 2:24:01 AM

Braid Rations (23 Points) 2) points Student provides a dear, loj cal discuss' on of valuable Tuitions braids performfor a firm 15 pants Student provides a mostly dear, logica discuss' cn of valuable functions brands performfor a fi rrn ID points Student provides a weak or und ea- discussion of valualol e functions braids performfor a firm 5 points Student provides a poor discuss' on ofval uahl e functions brands perform for a firm Ntastring Braid Ecitity (ID prints) ID pd nts Student provides a dear, Icgi cal discussion of the two basi c approaches to measure brand equity. Spirits Student provides a mostly dear, lojczi discuss' cn of the two basic approaches to measure brand equity. 5 points Student provides a weak or und ea- discussion ofthe two basicapp-oxhes to measure braid equity. 2 points Student prcvi des a poor discussi on of the two basic approaches to measure brand equity. Braidrg a Sind I Business (33 points) 33 points Student provides a dear, logicEi discussion and example of the various considerations in suppport of position' ng and branch rg a small busi ress.

len1863891

2/15/2018 2:23:19 AM

CAIEGCRY Bermlay Satisfactory Unsatisfactory Unacceptable Customer- Perched Value (ID Points) IDpoints Student provides a dear, loj cal description of custcrrer-perceived value. Spoints Student pa:Moles a mostly dear, logica descri pti on of custorrer-perTived value. 5 points Student provides a weak or und ea- description of customer-perceived value. 2 points Student provides a poor descri pli on of custorrer- perTived value. Total Custarer Salisfadion (10 Points) 10 points Student provides a dear, log cai description of total customer satisfacti m. Spirits Student provides a mcstl y dear, log cal descri pti on of total customer sati slat m. 5 points Student provides a weak or und ea- description of total custorrer sat sfrti m 2 points Student provides a poor descri pti on of total custcrrer satisfacti cn.

len1863891

2/15/2018 2:23:11 AM

BM350 Marketing Management Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling, and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.

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