Analyse your brand’s external environment by applying the PESTLE framework. This analysis should focus on recent, current and future factors and trends that may impact, not only your chosen brand, but its category as a whole.
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Answer the given question with a proper explanation and step-by-step solution.
You should undertake research using academically credible sources and apply appropriate academic models to carry out the first stage of a ‘marketing audit’ for krispy creme brand:
a) Analyse your brand’s external environment by applying the PESTLE framework. This analysis should focus on recent, current and future factors and trends that may impact, not only your chosen brand, but its category as a whole.
b) Analyse your brand’s performance environment by applying Porter’s Five Forces model to identify key information relating to competitors, suppliers, distributors/intermediaries and buyers (i.e. customers). This analysis should also apply marketing theory to describe how your brand currently segments the market and must include a ‘perceptual map’, you have created, demonstrating your brand’s current position within the market.
c) Analyse your brand’s internal environment by using Porter’s Value Chain as a framework to identify its existing competencies and weaknesses.
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- You are the new marketing manager for The Westside Coffee Company. You have been tasked with developing a strategic marketing and communications plan to improve store performance. Over the next few weeks, you will develop different elements of your marketing and communications plan. Consumer/Marketplace Insights and Micro-Moments Resource: Read the articles from the University Library. Perform a price/quality segmentation analysis using the resources provided in the University Library. You will need toYou are the new marketing manager for The Westside Coffee Company. You have been tasked with developing a strategic marketing and communications plan to improve store performance. Over the next few weeks, you will develop different elements of your marketing and communications plan. Consumer/Marketplace Insights and Micro-Moments Resource: Read the articles from the University Library. Perform a price/quality segmentation analysis using the resources provided in the University…To understand customer needs and offer customers a complete experience, the marketer needs to address a few product levels for its product offerings. Define FIVE (5) product levels and apply the product levels to explain about CoverGirl cosmetics.Conduct a market share and profitability analysis of any food brand. (Please include number specifics) Based on the analysis and performance, give them a "marketing grade"
- 3. Describe the marketing mix decisions (product, distribution, promotional, pricing) that marketers face. Choose a real-world product or service and apply the marketing mix decisions to it, explaining your choices.Within the MENA region, conduct a marketing audit on a brand of your choice. Using relevant models and frameworks make 2 recommendations based upon your findings. Explain the critical problem that the brand attempts to solve, include industry overview – historical and future outlook.Many market researchers have their favourite research approaches or techniques, althoughdifferent researchers often have different preferences. Some researchers maintain that theonly way to really learn about customers or brands is through in-depth qualitative research.Others contend that only legitimate and defendable form of marketing research involvesquantitative measures. Discuss with the use of examples and drawing from relevant literature.
- Can you think of some general guidelines to help marketers mix and match brand elements? Can you ever have “too many” brand elements? Why?/Why not? Select a motor vehicle brand you think does the best job of mixing and matching brand elements and explain how they achieve this?1) Define each of the four PS. Does the four Ps framework do an adequate job of describing market responsibilities in preparing and managing marketing programs? why? 2) Do you see any issues with this framework in relation to service product? Explain.3. Choose your favorite brand of beauty/hygienic products and analyze its marketing mix.
- The consumer: describe the target market profile. Product: iBasket - Guopeng Liang Guopeng Liang target market profile focus on as below – Demographic: Age, city or region of residence, gender, race, ethnicity, or household composition. Socioeconomic: Income, educational attainment, occupation, neighbourhood, or association memberships. Brand affinity/product usage: Product engagement, purchasing history, or level of brand loyalty. Psychographics: Lifestyles, life stage, personality, attitudes, opinion, or voting behaviour. Generation: Specific generation cohort group. Geography: Geographical area in which consumers reside and work. Geodemographics: Combines geography and demographics, which may cluster into identifiable groups. Benefits: What consumers are looking for when they shop for products and services. My answer Ideal customer- Laundry activity is a time-consuming task as it involves several activities which need dedicated involvement. Here, we are aim to target such…The consumer: describe the target market profile. Product: iBasket - Guopeng Liang Guopeng Liang target market profile focus on as below – Demographic: Age, city or region of residence, gender, race, ethnicity, or household composition. Socioeconomic: Income, educational attainment, occupation, neighbourhood, or association memberships. Brand affinity/product usage: Product engagement, purchasing history, or level of brand loyalty. Psychographics: Lifestyles, life stage, personality, attitudes, opinion, or voting behaviour. Generation: Specific generation cohort group. Geography: Geographical area in which consumers reside and work. Geodemographics: Combines geography and demographics, which may cluster into identifiable groups. Benefits: What consumers are looking for when they shop for products and services. I need your answer, please don’t explain how to do. I can google it. but, I’m here for your answer. please answer with examples and clear explanationThe consumer: describe the target market profile. Product: iBasket - Guopeng Liang Guopeng Liang target market profile focus on as below – Demographic: Age, city or region of residence, gender, race, ethnicity, or household composition. Socioeconomic: Income, educational attainment, occupation, neighbourhood, or association memberships. Brand affinity/product usage: Product engagement, purchasing history, or level of brand loyalty. Psychographics: Lifestyles, life stage, personality, attitudes, opinion, or voting behaviour. Generation: Specific generation cohort group. Geography: Geographical area in which consumers reside and work. Geodemographics: Combines geography and demographics, which may cluster into identifiable groups. Benefits: What consumers are looking for when they shop for products and services. Please explain each catergory with example and elaborate it your point.