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Subject : principle of Marketing
Take a trip to a shopping centre, mall, or the main shopping district within your community. Choose a retail store in this location, such as a department store, DIY store, clothing shop, supermarket and so forth. The store you select must be one that has its products displayed on shelves and which would allow shoppers to enter and walk around the aisles to view the products close up. Alternatively, you can visit your favourite supermarket so long as it allows you to enter the store, walk around the aisle and pick up your own grocery.
• Step 2: Once you have identified the store, enter the store and select a product category within the store. Visit the product category and choose one product from this category and then answer the following questions in relation to that product that you have selected
Your paper must be APA compliant with references from 2 scholarly academic sources (not from Wikipedia)
Use the jergens lotion as the product or purelene coco butter cream please
Answer the following questions in relation to that product:
Questions
(1) Describe the product that you have chosen
(2) Comment on the information provided on the label
(3) How does the price of the product compare to the prices of the similar products in the category?
(4) Who (which target market) is the product targeted to?
(5) What consumer need does the product satisfy?
(6) What marketing activities are used to promote the product in the store and nationally?
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- Since 1973, Nordstrom Rack has been the off-price division of fashion retailer Nordstrom. Nordstrom Rack has been successful in applying the four Ps to its retail strategy. The stores stock high-quality merchandise from well-known designers at discounted prices, creating the “treasure hunt”: the search through ever-changing merchandise for “things they didn’t know they had to have when they walked in.” Nordstrom also sells its products on its website, and on a flash sale site called Hautelook. · Discussion Question #1: Which benefits of in-store shopping are related to the appeal of the “treasure hunt”arrow_forwardI need help with these two questions In the general merchandise retailing category, off-price retailers A.sell high volumes of merchandise, offer limited service, and charge lower prices B.offer a wide variety of merchandise and limited depth C.sell brand-name and designer merchandise below regular retail D.sell primarily food products The three main retail formats include all of the following except A.general merchandise retailing B.food retailing C.discount retailing D.non-store retailingarrow_forwardAssume you are considering opening a retail business. You are trying to decide whether to have a traditional “brick-and-mortar” store or to sell only online. Explain how the activities and costs differ between these two retail arrangements.arrow_forward
- In a small group, present a plan for a new retail store. Who is the target market? Describe the merchandise, atmospherics, price points, services provided, location, and how you would promote your retail store. Describe how you will differentiate your store from competitors.arrow_forwardI am at the solution for this problem located here: https://www.bartleby.com/questions-and-answers/during-the-morning-hours-at-a-catalog-sales-department-telephone-calls-come-in-at-the-rate-poisson-o/84d565ca-a1df-41b5-9faf-34fcebd84805 I just don't understand how they arrive with the solution below: 0.3903 = 1-P / 0.2963037 1-P = 0.1156. I just don't understand the math here. Any help in understanding will be extremely appreciate>arrow_forwardThis is your first time advertising your own ice cream flavors. How will you begin pricing your first ever ice cream flavors against other competitors? Describe what type of retailing strategy is the best choice for your product and primary target market? Consider your current placement on the product life cycle when determining your retailing strategy.arrow_forward
- Think of a company that you shop with online. Explain the benefits of shopping online.arrow_forwardOp2. Finally, describe briefly Amazon Prime Video's streaming organization's strategy using Porter's Three Generic Strategies.arrow_forwardSome high-end retailers place their most expensive products right in the entryway of the store, where consumers will see them first, and place their more popular, better-selling items further back. Why?arrow_forward
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