Running head: MODULE 3 CHECK YOUR UNDERSTANDING
MODULE 3 CHECK YOUR UNDERSTANDING
King of the South
Allied American University
Author Note
This paper was prepared for MKT 120, MODULE 3 CHECK YOUR UNDERSTANDING taught by PROFESSOR K
November 24th,
1. Describe the most likely marketing channel structure for each of these consumer products: candy bars, Tupperware products, nonfiction books, new automobiles, farmers' market produce, stereo equipment, and rolls of steel. Then construct alternative channels for these same products.
Farmers’ market produce could fall in one of two marketing channel structures the first one being direct channel. This is so because the Farmers market can sell their produce
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This means that stock levels of raw materials, work in progress, and even finished products are kept to a minimum. However, this system requires a very carefully planned scheduling for it to work. Inventory levels are closely monitored such that stock is only obtained when it is needed. This makes storage or warehousing easy since less space is required transportation as well.
Identify the type of retail operation that the following stores represent:
JC Penneys is a department store because it carries a variety of shopping and specialty goods such as apparel, cosmetics, housewares, electronics and furniture. Purchases for department stores are generally made within each department rather than centrally
Food Lion/Vons are specialty stores because they specialize in a given type of product, and in this case, they specialize in food products.
Seven-Eleven is a convenience store because they carry only a limited line of high-turnover convenience goods. They are usually found near residential areas and operate 24hours a day, seven days a week.
Toys-R-Us and Petco are discount stores, but more specifically, specialty discount stores, also referred to as category killers because they heavily dominate a narrower merchandise segment (in this case, toys, and pet products respectively).
Wal-Mart and Sam’s Club are discount stores, but more specifically, full line discount stores because they offer
2) JC Penney's most immediate goal is to maintain its present customer base and to attract new clients. They can do so by introducing higher-scale brands to their stores in order to attract another category of customers, in other words, customers who are drawn to premium brands. Therefore, JC Penney's brand image will be enhanced; its reputation will be improved. Introducing premium products, and attracting customers who have higher purchasing power will bring in higher revenues to the company.
As mentioned in an earlier assignment, there are three main types of distribution channels. The first is the channel that goes from the producer, then to the wholesaler, then to the retailer or sells to the consumer. The second channel starts with the producer who sells straight to the retailer, who then sells to the consumer. The third channel goes directly from the producer to the consumer. Channels one and two are classed as indirect marketing channels, whereas channel three is a direct marketing channel as it goes straight from producer to consumer.
If Brandon buys hats for his store for $5 each and sells them for $15 each, he is using a keystoning pricing strategy.
The company is opening an independent pet store and they want to market an all-natural pet food called, "Mother Natures' All-Organic Pet Food". They want to make sure they market the product to the best of their ability to maximize profits and deliver customers a product they can justify the expensive price. It delivers what they promise unlike a majority of the competitors. Most of them offer a semi-organic pet food, but even those contain harmful impurities in them. The food comes from ALL-NATURAL organic food that Mother Nature put here for us to utilize to the best of our ability, which
This paper is intended to shine a light onto distribution channels, both direct and indirect, as well as, provide a better understanding of channel levels. It will also deal with the different channel organizations, including conventional, horizontal, vertical and multichannel marketing systems.
In daily operations it is very far from your average grocery store. Typically, these stores are comprised of much less area but pull down more money per square foot. It differentiates itself in a multitude of ways. This differentiation ranges from the very schematic of the store, to the
The range of competitors within the overall industry include chain and independent supermarkets (Krogers, Safeway, others); mass merchandisers and super centers (Wal-mart,Target); convenience stores; wholesale clubs (Sam’s); restaurants and fast food chains andnatural food stores (Whole Foods, Wild Oats
For M2, I will compare the different distribution channel for two different product which is food and clothing. I will examine how retailer distribute food and clothing and what’s required to ensure the product is at good condition before it reach to customers.
At this specific time, the economy was coming out of Great Recession. JC Penney sales continued to decline like melted off ice cream falling off an ice cream cone. JCP’s should have stopped their bad marketing train years ago. Based off of personal experiences their merchandise was cheap, fall apart cheap up until the point where I repeatedly kicked myself for making such horrible purchases. I used to shop at JC Penney a lot, but the t-shirts didn’t survive washings; cheap China stuff people tend to shy away from.
Publix Super Markets is one of the largest and fastest growing employee-owned grocery companies in the United States. The company seeks to provide a broad range of quality and fresh products at reasonably affordable prices. They purposefully strive to avoid waste, offer great value, and act as good corporate citizens for the communities that they serve. The company also maintains manufacturing and distribution centers to supply its stores. Unless otherwise noted, the core information about the elements of Publix comes from their website, whose address is http://www.publix.com/Home.do.
Compare your shopping experiences at retailers like Costco, Nordstrom, or Whole Foods with experiences you may have had at Walmart, Sears, or Kroger.
Department store is a large retail establishment, which offers consumer goods in different categories. It makes dramatic appearance in the big cities and reshaped shopping habits of consumers. Each department specializes in one kind. Today in department stores there are different categories such as: clothing, furniture, toys, home applicants, cosmetics etc. Barney’s, Bloomingdales and Macy’s are the example of department stores.
7-Eleven is known internationally for Big Gulp fountain soft drinks, Big Bite hot dogs, Slurpee beverages, and Café Select fresh brewed coffee. The stores have expanded their food service offerings with a proprietary line of deli items and baked goods, which are prepared and delivered fresh daily. 7-Eleven also offers convenient services based on each neighborhood's individual needs, including copiers, fax and automatic teller machines, long-distance phone cards and lottery tickets, where available.
7-Eleven Inc. is one of the leading chains in the convenience/ retail industry. 7-Eleven was founded in 1927 in Dallas, Texas. It is the world’s largest mover and expanded faster then any of the convenience store. It also has many stores with gas stations that are cheaper price then the competitors. (http://mbacase.blogspot.com) The name 7-Eleven was originated in 1946 because the stores were open from 7am to 11pm. 7-Eleven has changed vastly after they started offering customers service 24 hours and seven days a week. It has now become the one stop shop, where customers can get their products quickly. (http://franchise.7-eleven.com)
After standing in line for forty minutes at a supermarket, Americans finally get to pay for the food and leave. Unfortunately, the food is anything but fresh or healthy and has traveled very far to get to the final destination. Farmers Markets (FMs) are an old tradition that has barely survived this long due to the rise of the industrial farms and supermarkets. They provide the easiest way to get very fresh and healthy food, but prices can be very high at times. Even though food from a Farmers Market is more expensive, it provides an easy way to get fresh and healthy produce while helping the farmer and the community it represents.