Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
13th Edition
ISBN: 9780134149530
Author: Gary Armstrong, Philip Kotler
Publisher: PEARSON
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Chapter 11, Problem 11.16VC
Summary Introduction

Case summary:

Company KM, which was once a leader in providing discounts, took a backseat to Company W long ago. However, Company KM recently took efforts to provide value to consumers by innovation shows. To gain competition in the market, Company KM started a program which combines both the advantages of online and store shopping.

Suppose the product needed by the customer is not available in one store, Company KM would ship the product for free. Company KM revealed an advertisement campaign that showed an uncharacteristic significance to younger consumers. The ad “Ship their pants” became viral. Therefore, Company KM got the message out in spades.

Characters in the case:

  • Company KM
  • Company W

Introduction:

A marketing mix generally refers to the 4P’s, namely price, product, place, and promotion. Based on the industry, the marketing strategies and marketing managers might vary the approaches of the 4 P’s.

To discuss: The target customers for “ship my pants” and in what manner it is significant.

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Hello Professor and Classmates, A new product I have purchased recently that I consider innovative is the new Samsung  Galaxy Buds 3 Pro. The earbuds provide the best sound from earbuds. It has audio that adapts to my surroundings it also uses the new Bluetooth version for better connection. Market innovation is important because it enables businesses to remain competitive, satisfy changing consumer demands, develop new goods and services, increase productivity, and eventually spur development by creating new possibilities.   Consider Air pod pros and the new Samsung  Galaxy Buds 3 Pro, How is the value of your innovative product different and similar to that of your associated organizations and customer base? Consider how Artificial Intelligence (AI) and other emerging technologies could impact new product development.
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