Thursday, August 7, 2014

MS - 06 Marketing for Managers

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ASSIGNMENT

Course Code                      :               MS - 06
Course Title                       :               Marketing for Managers
Assignment Code            :               MS-06/TMA/SEM - II/2014
Coverage                             :               All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April , 2014  to   the coordinator of your study centre.    

1. (a) Distinguish between Product Vs Services Marketing with suitable illustrations.
(b) Briefly explain the various elements required in the formulation of marketing strategy in the followings service offerings :
(i) Health Tourism
(ii) Cellular Phone Services

Answer:

(a) Distinguish between Product Vs Services Marketing with suitable illustrations.
Marketing is an integrated communications-based process through which individuals and communitiesdiscover that existing and newly-identified needs and wants may be satisfied by the products and servicesof others.

Marketing is defined by the American Marketing Associationas the activity, set of institutions, and processes for creating, communicating,

(b) Various elements required in the formulation of marketing strategy in:
(i) Health Tourism
Destination attractiveness is what determines patient choice in medical tourism. Choosing a destination for treatment is not about quality and cost. Choosing a destination is affected by a complex set of factors. Understanding and analysing destination attractiveness helps a country, hospital or clinic to:
  • Identify the target markets

2. (a) Discuss the term marketing mix. What makes the elements of marketing mix assume importance in planning the firms market opportunities in capturing market share.
(b) Bring out the significance of Marketing Research in a manufacturing & marketing
organization. What are the challenges faced by researcher in understanding M.R. in India?
Discuss.

Answer: (a)The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place. However, nowadays, the marketing mix increasingly includes several other Ps like Packaging, Positioning, People and even Politics as vital mix elements.

3. (a) What makes a sound and through knowledge of consumer behavior is of utmost importance for every marketer in the current marketing environment. Justify your answer with a suitable example of your choice.
(b) Discuss the concept of Product Life Cycle (PLC) of any FMCG Product of your choice.

Answer: (a)Marketing and consumer behavior are intrinsically connected. Without grasping a level of understanding of what drives consumers, marketers would have a pretty difficult time identifying the right market segments and putting together a marketing campaign that will attract attention.

(b)Any product that is introduced into a market has a shelf life, this can be overcome easily by making or purchasing new products. A product in general has a product life cycle, usually it goes through four major stages in its lifecycle. FMCG products or fast moving consumer goods have a long product life cycle, people continue to buy the product for a number of years as long as it is in stock. Over the years people have observed many products are no longer available in the markets that they go to, this usually happens when the product has completed its lifecycle.



4. (a) Briefly explain the steps involved in the selling process by taking any semi industrial product of your choice.

(b) Elaborate with suitable example the importance of distribution channels in marketing of
firms product offerings.

Answer: (a) almost all selling—regardless of the product that’s being sold—follows a particular sequence of steps. It’s a simple but logical framework that has been the accepted model for almost a hundred years. Salespeople have adapted the specifics of the process as culture and technology have changed, but the fact that they’ve followed the same basic model has for so long testifies to its effectiveness. The selling process is

(b) Elaborate with suitable example the importance of distribution channels in marketing of
firms product offerings.

In the field of marketing, channels of distribution indicates routes or pathways through which goods and services flow, or more from producers to consumers.We can define formally the distribution channels as the set of interdependent marketing institutions participating in the marketing activities involved in the movement the flow of goods or
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )


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