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

Explanation and definition of the mos, a) i = 800 units, ii = 250 units, ii...

a) i = 800 units, ii = 250 units, iii = 60% b) Explanation and Definition of the MOS. Play-it has the better MOS in absolute terms, although Tread-it has the better MOS when mea

Enumerate the securities and investment analysis, Enumerate the Securities ...

Enumerate the Securities and Investment Analysis Purchase of bonds, stocks and othersecurities involve analysis and techniques which are highly specialized. An investorshoul

Credit spreads and the valuation of non-treasury securities, It is not easy...

It is not easy to determine the theoretical value of non-treasury securities. However, we can use the treasury spot rate for the valuation of non-treasury security.

State the significance of the cost of capital, State the Significance of th...

State the Significance of the Cost of Capital It must be recognized at the outset that cost of capital is one of the most difficult and disputed topics in the finance theory.

Describe the benefits of wealth maximisation criterion, Describe the benefi...

Describe the benefits of Wealth maximisation criterion Value of an asset must be viewed in terms of the benefits it can produce. Worth of a course of action can similarly be ju

Forward contracts, Forward Contracts: The origin of forward contracts i...

Forward Contracts: The origin of forward contracts is lost in history. Some authors suggest that, it was India where these contracts took birth, while some others suggest that

Working of financial services authority, Working of FSA The FSA Board ...

Working of FSA The FSA Board is responsible for the management of FSA. It is appointed by the Treasury. It consists of a chairman, a chief executive officer, three managing dir

Financial plan , As starting a new business, is it better to leas or buy th...

As starting a new business, is it better to leas or buy the business venture?. what factors should be considered. (Knowing that the equity finance is $150,000 and $250,000 could be

De-leveraged floaters, A floater where the coupon rate is computed as...

A floater where the coupon rate is computed as a fraction of the reference rate plus a quoted margin, are known as a de-leveraged floater. The general formula for this

Hedging using commodity futures, Hedging Using Commodity Futures Produc...

Hedging Using Commodity Futures Producers of agricultural commodities are faced with price risk and production risk over a period of time and within a marketing year. In case o

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