Analyse consumer behaviour, Financial Management

Assignment Help:

Eatmore & Green Pty. Ltd (Australia) is a successful medium sized marketing consultancy for Australian agricultural products and Australian sourced organic, natural beauty/cosmetic/baby and spa products.

It  represents many  small to medium producers of Meat processors (principally beef and lamb and recently kangaroo) and Stone Fruit growers. It was started in 1990 by 2 partners - Tom Eatmore and Bill Green with strong agricultural product marketing experience in the Australian marketplace and a recently developed interest in organic natural "green  beauty/cosmetic products, which are now handled by Bill's daughter Suzy Green - a graduate in International Business. At this stage the products they handle are largely marketed to the Australian market with a small export presence in Japan.

They are  looking at expanding into new overseas markets that present opportunities, notably the "Emerging economies" of Asia, Latin America and Africa or some potential Eastern European markets.

Eatmore and Green believe that there are opportunities in organic meats/hormone free/free range etc along with organic Stone Fruits and Apples, and the new  marketing mix products

Eatmore and Green  market their ranges under the following labels.

  • Sunny Valley Meats organic and non-organic
  • Orchard Fresh Stone Fruits and Apples - organic and non-organic
  • Bilgarra Rainforest natural beauty/spa products for adults
  • Baby Gaa Gaa -  range of natural  massage and cleansing products.

The executives believe that trends and changes in global economies represent new opportunities for the company and their stakeholders/suppliers in overseas markets - principally the "so-called" Emerging Economies. They need to research these markets , identify potential target markets and understand consumer behavior with different cultural contexts and elements in most of these emerging markets.

You are roleplaying the executives from Eatmore & Green Pty.Ltd and you need to undertake the following analysis and review with an  objective to exporting all or some of the product marketing mix the company is responsible for.

  • Identify and then select possible overseas emerging markets* (compare 2 for final report) YOU MUST NOT CHOOSE YOUR OWN PERSONAL COUNTRY OF ORIGIN - LEARN ABOUT DIFFERENT MARKETS.
  • Undertake competitor research in those selected markets
  • Advise on positioning and targeting strategies
  • Advise on marketing strategies - for the differentiated product marketing mixes
  • Undertake market research about possible markets for the company's product ranges products .
  • Investigate consumer needs in other countries, particularly looking at consumer profiles and the influence of culture on the marketing of food products and /or beauty products
  • Assess other influences on consumer behaviour and the marketing of your selected product.
  • Outline how influences on consumer behaviour and cultural considerations will be used to target effective marketing strategies
  • Advise on legal and ethical issues which need to be considered as a part of developing marketing strategies for selected overseas markets

 


Related Discussions:- Analyse consumer behaviour

Explain the incremental cash flows of a capital project, Explain what is me...

Explain what is meant by the incremental cash flows of a capital project. Incremental cash flows are defined by the change in total firm cash inflows and cash outflows which ca

Cost of capital, Provide an argument for including or not current liabiliti...

Provide an argument for including or not current liabilities in the cost of capital calculation.

Weighted average cost of capital or composite, Q. What is denoted by weight...

Q. What is denoted by weighted average cost of capital OR Composite? How is it calculated? Exemplify with an example. Ans. Weighted Average Cost of Capital: - Capital formation

What are retained earnings, What are retained earnings?  Why are they impor...

What are retained earnings?  Why are they important? Retained earnings denote the sum of all the earnings obtainable to common stockholders of a business throughout its whole h

Factors affecting cost of capital, Factors Affecting cost of capital are el...

Factors Affecting cost of capital are elements in the business environment that cause a company cost of capital to be high and low. Figure below illustrative the various primary fa

Cost of capital, COST OF CAPITAL A project's Cost of Capital is the sm...

COST OF CAPITAL A project's Cost of Capital is the smallest amount of acceptable rate of return/required rate of return on funds committed to the project. It is a compensation

Explain the post-acquisition effect on eps, Post-acquisition Effect on EPS...

Post-acquisition Effect on EPS If the consideration is completely in shares, one of the effects would be a dilution in EPS suffered by Predator Company. The effect of dilution

Sale of common stock on the statement of cash flows, Accrued Payroll was $1...

Accrued Payroll was $10,000 and $15,000 at the beginning and end of 20X4, respectively. The payroll expense for 20X4 totaled $520,000. Cash outflow for payroll during 20X4 totaled:

Answer, The standard cost of chemical mixture ~ PQ’ is as follows: 40% of m...

The standard cost of chemical mixture ~ PQ’ is as follows: 40% of material P @ Rs. 400 per kg. 60% of material Q @ Rs. 600 per kg. A standard loss of 10% is normally anticipated in

Meaning of working capital, Problem 1 What are the characteristics of s...

Problem 1 What are the characteristics of small business? Describe the various forms of organisation under which small business operate. Characteristics List the vari

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd