Concept explainers
Case summary: Retailers usually follow the customers shopping blueprint and target them with the offers they are looking for. For instance, Company CV has an Extracare card which is used at checkout, applies discounts to purchases and gives discounts called Extra Bucks to be utilized as money on future buys. In the background, Company CV is gathering information on customers' buys and utilizing amassed information to target people with extraordinary offers.
Characters in the case: Company CV.
To discuss: The ways through which marketers use data collection to sell products.
Primary data implies to the direct information accumulated by the analyst himself or herself. Secondary data implies as data gathered by another person before.
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
Principles of Marketing, Student Value Edition Plus MyLab Marketing with Pearson eText -- Access Card Package (17th Edition)
- 1. Consider yourself a Marketing Manager, how would you go about setting a good marketingstrategy for a Credit Card product through video streaming?2. What are the merits or benefits of sales promotion?3. Describe marketing mix decisions (product, distribution, promotional, pricing) faced bythe marketer and apply the marketing mix decisions to a real-world product or service.4. Given a historical context of marketing, assess the present role of marketing in theFINA2016 Marketing Management and Sales Strategy for Bankers – Course Information. Academic Year 2022/2023,Semester 1THE UNIVERSITY OF THE WEST INDIES OPEN CAMPUS Page 25 of 39Financial Services organizations and predict how marketing might "look" in the future.5. Identify specific marketing strategies utilized and develop criteria by which to analyzethose strategies.arrow_forwardEthics Marketers have been shelling out the bucks on sensory marketing techniques for years to appeal to your subconscious mind. And studies show that it works. But is sensory marketing fair? Some say it's a way to enhance the purchasing process, while others say marketers are unethically manipulating consumers. What are some of the pros and cons associated with sensory marketing? What is your position?arrow_forwardWhat is the role of integrated marketing communications(IMC) in a firm’s overall marketing strategy? When executedwell, what are its benefits?arrow_forward
- How should marketers respond to the changing environment?(AACSB: Written and Oral Communication)arrow_forwardWhat Is the Best Type of Marketing Research? Many market researchers have their favorite research approaches or techniques, although different researchers often have different preferences. Some researchers maintain that the only way to really learn about consumers or brands is through in-depth, qualitative research. Others contend that the only legitimate and defensible form of marketing research uses quantitative measures. Take a position: The best marketing research is quantitative in nature versus the best marketing research is qualitative in nature.arrow_forwardMarketing research is very important for any business, from what you understandfrom marketing research. Explain how you will make use of different primary andsecondary research techniques in order to assist Airbnb to understand their marketbetterarrow_forward
- Marketers need to know their customer profiles. What is the ideal customer’s profile? We need to know who’s online and what their profiles are. We need to know each other’s customer segments and the proportion of customers who use various digital channels. Differentiate between profiling B2C customers and profiling B2B customers.arrow_forwardShould marketers embrace the societal marketing concept with respect to foods or products that could be harmful to consumers? Discuss an example of a company embracing the societal marketing concept with respect to the obesity epidemic. (AACSB: Written and Oral Communication; Ethical understanding and reasoning)arrow_forwardInternet Marketing Please be sure to use practical and real examples to explain. Imagine you are the marketing director for ZARA: a) suggest how you would evaluate the threats posed by online retailers; B) outline and justify the objectives you would set for a digital strategy designed to combat these threats. ZARA, is a Spanish apparel retailer based in Spain.arrow_forward
- Prior to participating in this unit’s discussion: please read Principles of Marketing e-text: Chapter 1: Available at: http://open.lib.umn.edu/principlesmarketing/ , then, summarize the main points. Express how they relate to a situation you encountered. distinguish among needs, wants, demand, consumers, and the marketing principles. How does marketing occur and cite at least one example of marketing in real life and everyday situations?arrow_forwardMarketing research serves four functions within an organisation. Assume that you are a junior researcher at Cameron Research tasked with writing an article directed at the SMEs market. Identify and explain the 4 main functions of marketing research as it pretains to SMEs and cybersecuirity. Refer to information in the case to contextualise your answer. The objective if the article is to convince SMEs to make use of Cameron Research servicesarrow_forwardHow can marketers—both those with freshly minted degrees and those who have years of experience—best keep up with this rapidly changing field? If you were the digital marketing manager, how would you keep abreast of changes in tools, consumer preferences, ethical challenges, and global trends? references,arrow_forward