MARKETING-W/MINDTAP ACCESS CARD
MARKETING-W/MINDTAP ACCESS CARD
12th Edition
ISBN: 9781305427198
Author: Lamb
Publisher: CENGAGE L
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Chapter 15, Problem 1LO
Summary Introduction

To Discuss: The role of promotion in marketing mix.

Introduction: Marketing Mix is a collection of marketing factors that the firm joins and regulates, to deliver the ideal reaction in the target market. It is a significant marketing instrument that contains every one of the components which impact the demand for the items provided by the firm.

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Explanation of Solution

The role of promotion in marketing mix are as follows:

Promotional strategy is the proposal for utilizing the components of promotion such as sales promotion, marketing, social media and public relations in order to meet the company's general targets and marketing objectives. In view to these objectives, the components of the promotional strategy become an organized promotion strategy.

The promotion plan at that point turns into a necessary essential part for the overall marketing strategy for achieving the target market. A competitive advantage is the made for special highlights of an organization and its items that are seen by the target market as huge as and better than those of the challenges.

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In your own. Describe below: 1.What is marketing? 2.How do consumers engage in relationship marketing? What strategies can be used to successfully improve relationship marketing? 3.As a customer, what are your value requirements for customer satisfaction? 4.What are some of the key differences between sales and market orientation? 5.Why is marketing important and how does it play an important role in your life?
Adapted from: (Case 18. Nando’s International: Taking chicken to the world. Re-printed with the kind permission of De WitsBusiness School. http://cws.cengage.co.uk/hoffman/students/cases16-18/case_18.pdf)  Critically discuss the role of Strategic Alliances and Joint Ventures in global marketing strategy with reference to Nando’s.Demonstrate how Nando’s can ensure that these partnerships align with their corporate culture, values, and long-termstrategic objectives. Ground your discussion in relevant strategic management models such as Transaction CostEconomics (TCE).
Which of the following questions that an audience may ask focuses on logic?   a. What is your background and experience?     b. How do I know I can trust you?     c. How can I verify this information?     d. Who benefits from this proposal?
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