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- How are for-profit business firms and nonprofit firms different with regard to the marketing concept?1. Consider the expression “timing is everything” in relation to the building of the TOMS brand. Besides the influence of recovering economic conditions and the increased affluence of potential customers, what forces contributed most significantly to TOMS growth and market share? In your answer, consider the following: a. Which cultural/social concepts and/or norms influenced a potential buyer to purchase TOMS products? Detail the impact of your identified concept/norm on TOMS growth. b. Do you think that most businesses can successfully leverage the same cultural/social concepts and/or norms that TOMS did? Be descriptive in your response, and, if appropriate, identify a company/business that has put such principles to work to their advantage. 2.Review the TOMS website (especially the section on "Impact") and access the “Code of Business Practices via the link below. Of the elements of the Code, select three and review them in terms of ethical behavior and corporate social…Read the following and Answer the questions that follow:Covid 19 disease outbreak was indeed a global disaster. This pandemic forced for a change inconsumer behavior in almost all the market sectors. The Botswana local restaurant brand ‘TheBraai Place’ had just hit the market to compete with the established international brands likeNandos and others when this disease outbreak hit the world by storm. As a result, consumers wereforced to stop from going out to the restaurant but had to rely more on placing their food ordersonline and they be delivered by the restaurant to the customer’s homes. Something that seriouslycame as a challenge to the local brand that was just gaining its momentum. It had to re-strategizeand employ new ways of adapting to this compelling situation where customers orders were nowonly received, paid for and prepared through an online system. An urgent need for a revampedwebsite, order application system as well as a secure online payment method was what they…
- 3. Deliberately explain the notoriety of market segmentation to tourism planning and development. Give two (2) examples relevant to your group study and elaborate. This is my answer but i'm not sure if its correct, can you add more and relate to it? thank you. Market segmentation is a helpful strategy in tourism planning as it helps to understand the market scope better, know the demands and preferences of the consumer in regards to tourism, lastly, it helps to understand the opportunities for competitive advantage in the market. Additionally, it could also help form an effective marketing strategy that may result in overall consumer satisfaction. For instance,I need the answer fot the short and the long term part, and plaese make it a short test, idont want it long.Critical evaluate any sustainable practices being currently implemented in the Spice Island Beach Resort discussing the pros and cons to the practices. 2. Design a comprehensive marketing strategy to assist Spice Island Beach Resort in making the property more competitive in today's global market .
- 1. Analysis of Current Marketing Strategies Choose a hospitality business (e.g., hotel, restaurant, travel agency) andconduct an in-depth analysis of its current marketing strategies. Evaluate the effectiveness of their current marketing efforts in reachingtheir target audience and driving customer engagement. Identify any strengths, weaknesses, opportunities, or threats in theircurrent marketing approach.2. Development of Marketing Plan Based on your analysis, develop a comprehensive marketing plan for thechosen hospitality business. Clearly outline the goals, target audience, positioning, and marketingtactics to be employed. Include a detailed timeline and budget for implementing the marketingplan. Justify your choices by explaining how they align with the business'sobjectives and address the identified strengths, weaknesses,opportunities, or threats.3. Creativity and Innovation in Marketing Approach Demonstrate creativity and innovation in your proposed…What are Walmart's motives for entering KAM and how do the different stages make KAM a desirable model?Please assist in writing an executive summary for Engie SA. A company in South Africa. Clearly state the main elements of the marketing plan. 15 years + presence in RSA First and largest IPP in RSA with more than 1,6 GW in operation 300+ professionals Developed, built and operate the first H2 plant in Africa at Mogalakwena mine Founding member of the Hydrogen valley initiative with Anglo American and the Department of Science and Technology. Operational and Safety excellence across all sites. Growth Market for ENGIE Currently ENGIE adopts a decentralized model for its operations. Each asset has an SPV and an O&M company. Each with its own employees. The COO: ENGIE South Africa has oversight.
- 1. After purchasing the product the consumer will be satisfied or disattisfied and will engage in post purchase behaviour. True or False 2. Today technological environment changes more rapidly than core cultural beliefs do. True or False 3. Dissonance reducing buying behaviour typically occurs when a buyer sees little difference among brands but is highly involved with the purchase of an expensive product. True or False 4. Environmental elements are categorised as internal factors that affect pricing decisions True or False 5. The macro-environment consists of Political, Legal, Customers and Competitors components True or FalseeDescribe an example in which marketing added value to someone life. Be specific about how the value was implemented. Explain how the decision made was impacted by a marketing campaign and propose ideas for what the strategy was behind that campaign. Provide specific examples to support the explanation.Thrown in at the Deep EndFresh out of college, Monica Larsen's first assignment in her new job as a purchasing agent at Aggie Gifts was to decide whether to continue to purchase a boxed pen set from an existing supplier or consider aproposal from a new supplier. She also had to evaluate whether current purchasing practices were effective. Aggie Gifts bought pen sets from Pens for You for $21/set. Pens for You shipped products from its factory inChina with delivery leads a time of six weeks, charging a processing fee of $150/order. However, Penultimate, a relative newcomer to the industry, had offered a similar set that is produced in the U.S. but costs $28/set.Penultimate however promised four-week delivery and charged only $125/order. Aggie Gifts' demand for the pen sets was normally distributed with a mean of 200 sets/week and a standard deviation of 25 sets/week. They were open fifty weeks each year. Monica had established that the average annual cost of carrying inventory amounted…