1. What is Big Data and what is its role in marketing? 2. What are the benefits and limitations of using Big Data? 3. Cite an example of a company that uses Big Data and how it affects the marketing side of the organization.
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- 1.Describe the role of resellers who comprise one of the major categories of business customers. 2. Describe marketing segmentation. 3. Identify and explain the importance of cultural influences and how they affect consumer decision-making. 4. Explain the roles of marketing research and its importance in making marketing decisions.1. Which among the forces in the macro-environment has the most impact on a company? Why? 2. Why is marketing research important for business owners? 3. What are the steps in conducting marketing research. Give in chronological order. 4. Differentiate the buying behavior and decision making of individual/household customer versus business (organizational customer).Scenario: The Board of Directors at Viking River Cruises as selected you as their team to identify a viable new market segment to expand their offerings and communications. You have been asked to expand your offerings Create a memo that details your strategy directed to the Board of Directors of the organization. Include the follwing What method of segmentation did you use to determine a new target: Demographic segmentation, Geographic segmentation, Firmographic segmentation, Behavioral segmentation, or Psychographic segmentation Why select the method or these methods? How to determine the attractiveness of this target? Which of the 4 types of targeting are you recommending and why? Describe the new target for this company? Develop a value of proposition that this segment would respond to ?
- Provide a variety of examples of (5) companies that are utilizing Big Data in creative and profitable ways in the area of Marketing.1. What is a target market? Why is it important to know the target before creating the marketing mix? 2. What is market research? Why is it important to do research before you start a business?Please help me to find the answer for attached file
- Assume that you have been hired as marketing consultant by HOM Furniture's management.(a) What specific types of informationshould HOM collect to measure customer satisfaction with its stores and services? (b) For each type of information you identified in (a) howcould HOM Furniture make use of that information to improve customer satisfaction?provide an explanation regarding the ways (plural) in which marketing can be more effectively understood by all executives of an organization. Please use specific illustrations and information to support your explanation. Marketing to the Reptilian Brain By Clotaire Rapaille Pry away the slick answers of a focus group and get to the instincts buried beneath. What's the biggest problem with traditional market research? You can't believe what people say. It's not that people intentionally lie during surveys and focus groups; it's that they try too hard to please. When asked about their interests and preferences, they tend to give answers they believe the questioner wants to hear. This is because people respond with their cerebral cortexes, the part of the brain that controls intelligence, rather than emotion or instinct. Their answers are the product of deliberation. In most cases, however, they aren't saying what they feel. One of the greatest focus-group flops of all time: New Coke,…What does the Bible scriptures say about 1. competitors in a market, 2. marketing structure and 3. Advertising?
- 1. Grocerants would use which marketing management philosophy? a. Production orientation b. Sales orientation c. Market orientation d. Societal marketing orientation 2. By trying to get customers to spend more time in the store and purchase additional products, grocerants use which strategic opportunity? a. Market penetration b. Market development c. Product development d. Diversification Answer: a. Market penetration. See Section 2-3. 3. Whole Foods' best-selling prepared meal would be their a. problem child b. dog C. cash cow d. star 4. Who are grocerants key age demographic? a. Tweens b. Millennials c. Generation X d. Baby boomers(1) As a consumer yourself, does the convenience ofonline shopping outweigh the loss of privacy thatmarketing analytics can create? Why or why not? (2)If the creative side of marketing appeals to you, howdo you feel about the data-heavy nature of marketinganalytics?Big Data : Select an organization that employs a highly personalized approach to selling products or services to its customers online. Ideally, this is one that you have used in the past so that you are more familiar with it. What are some different ways that the selected organization employs personalization in its marketing efforts? What are some specific actions/behaviors that customers engage in on the organization’s website that enable personalized marketing efforts you identified above? What are some specific actions/behaviors that an organization could collect data on that might provide evidence that the personalization efforts identified above have had a positive effect? Which type of marketing analytics approach(es) (Descriptive, Diagnostic, Predictive, Prescriptive) would be best suited for establishing the value of personalization for the organization?