1. Spark Ltd.,a fire cracker manufacturing company launched a new product for Diwali which attracted many buyers. Although the product was in great demand, appropriate safety warnings were not mentioned on the packets that led to many accidents. The company was also in the news for employing children from nearby villages. a) Identify the element of marketing mix here. Also, identify and explain an important decision related to it that was not taken into consideration by the company. b) Identify any two values which were violated by the company.
2. Haldiram is a famous chain selling a variety of products in the Indian market. Their products include chips, biscuits, sweets and squashes. It charges a comparatively higher price than its competitors as it sells quality products. Besides, it offers regular discounts to its customers and easy credit terms to the retailers. It has many outlets of its own in various cities. It also sells its products through various grocery stores so that the products are available to customers at the right place, in the right quantity and at the right time. It regularly uses different communication tools to increase its sales.
The above para describes the combination of variables used by Haldiram to prepare its market offering. Identify and explain its variables
3. Garima, Puneet, Divya and Neha are friends. They are operating different businesses. Each one has his/her own concept regarding operating their businesses.Garima believes in producing products at a large scale, thereby decreasing the average cost of the products and selling it at reasonable price.Puneet focuses on providing best quality products because he believes that a customer always wishes to buy a good quality product. The price of the product is secondary.Divya is of the belief that the customers can be persuaded and manipulated to buy the product.Neha feels that her firm has a responsibility towards the society as well. So she provides customer satisfaction along with using techniques which are environment friendly.
Quoting the lines from the above paragraph, identify and explain the marketing concepts followed by each of them.
4. ABC Crackers Ltd., a fire cracker manufacturing company launched some new products on the eve of Diwali in the market, which attracted many buyers. To meet the increased demand the company employed people from nearby villages where there is a lot of unemployment. Because of the good behavior of management with the employees, more and more people wanted to join the company. As the products were in great demand in the market, a competitor imitated the products. The products of the competitor were not accepted by the consumer as it was a status symbol to buy the products of ABC Crackers Ltd. because of their quality.
(a) Identify and explain the product related decision because of which consumers preferred the products of ABC Crackers Ltd.
(b) Also identify any two values which ABC Crackers Ltd. wanted to communicate to the society.
5. Radhika was a student of Business Studies of class XII. Her father was a farmer who grew different varieties of rice and was well versed about various aspects of rice cultivation. He was also selected by the government for a pilot project on rice cultivation. As a project work in Business Studies she decided to study the feasibility of marketing good quality rice at a reasonable price. Her father suggested her to use internet to gather customers’ views and opinions. She found that there was a huge demand for packaged organic rice. She knew that there was no pre-determined specifications in case of rice because of which it would be difficult to achieve uniformity in the output. To differentiate the product from its competitors, she gave it the name of ‘Malabari Organic Rice’ and classified it into three different varieties namely – Popular, classic and Supreme, based on the quality. She felt these names would help her in product differentiation.
Explain the functions of marketing in the light of above case.
6. Tender Skin Care Ltd., a leading brand of skin care products has come up with a new range of anti – ageing skin cream which they claim is herbal & without any side effects.They have also set up a web site which encourages consumers to ask them questions which they genuinely & quickly answer. It is a way of connecting the customers with the company & a brilliant tactic for busting out some myths about this product.It has created transparency & makes the consumers feel personally involved with the company.
The above para denotes planned & sustained efforts taken by the company to maintain goodwill & understanding with the public. Name it.
7. Radha found a worm crawling out of newly opened tetra pack of a juice manufactured by a reputed company, Zest Ltd. She went back to the shopkeeper from whom the pack was purchased who directed her to call up the customer care centre. When all her efforts failed, she went to a consumer activist group to seek help. The group decided to help Radha and take measures to impose restrictions on the sale of the firm’s products of the particular batch and urge customers to refrain from buying the products of the company. Zest Ltd. lost its image in the market. The CEO gives the responsibility of bringing back the lost image of the company to a Manager.
a)Identify the concept of Marketing Management which will help the Manager getting the firm out of above crisis.
b)Also explain the role of above identified concept by stating any two points
8. Identify the marketing management philosophies used by marketers in the following cases:
a. A detergent manufacturing company gives more quantity of detergent at the same price.
b. An artificial jewellery manufacturing company uses metal instead of glass to enhance durability of its products.
c. A chips manufacturer makes its chips available at almost all the retail outlets of the city.
d. A book-seller sells the books after getting them binded.
e. A pharmaceutical company launches pain-killer sprays to facilitate convenient use and fast relief.
f. A large-scale retail outlet gives goods to customers in carry bags made of paper, jute or cloth only.
9. Name the marketing function which is concerned with informing the customers about the firm’s product.
10. Shalini purchased a halogen light heater for winter. The rods stopped functioning withn one week of purchase. The retailer of the shop expressed his inability to exchange the product as the sale had already taken place. Which concept of marketing is followed here?
11. Aashima purchased a bottle of tomato -sauce from the local grocery shop . the information provided on the bottle was not cler .She fell sick on consuming it . She filed a case in the District Forum under Consumer Protection act and got a relief .
(a) Identify the important aspect neglected by marketer in above case
(b) Explain briefly the functions of the aspect identified in (a) above
12. Identify Sales promotion tool from following examples:
1. 100 Gm Bottle of Sauce Free With 1 kg Detergent
2. Take a 2 Night 3 Days Package At the Hotel and Get an Extra Night Stay At Just Rs 500
3. Solve a quiz and win a prize.
4. Car manufacturer’s offer to sell a particular brand of car at a discount of Rs 10,000, for a limited period.
5. A shaving cream’s offer of ‘40% Extra’
6. Small free shampoo sachets are attached to newspaper so that customers can try product
7. ‘Buy 2 soaps Get 1 Free
8. Return of empty wrapper of toothpaste and get rs 5 off on next purchase
9. Scratch a Card instantly win a prize
10. Purchase goods worth Rs 3000 and get a holiday package worth Rs 3000 free
11. Buy a car in 24 easy instalments, Eight Up Front and 16 To Be Paid as Post Dated Cheques
12. Lucky draw coupon on purchase of easy undergarment and win a car offer
No comments:
Post a Comment