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SUBJECT: Marketing




Task One:

a) What are the types of information available with an organization
from its own internal sources?

From internal resources Internal data are usually derived from six
sources the accounting system, sales reports, the client list, a Web
site “hits” report, company staff, and previous studies. It should be
pointed out that a survey or study performed by the company is
considered primary data gathering at the time of the study, but that
the report retained as a file then becomes part of the internal data.
These are all valuable tools for measuring the performance of
cultural organizations.

The accounting system can furnish a great deal of interesting
information – for example, the break-even point for the company
as a whole or for each company -product individually. It also
enables the marketing manager to measure how profitable
corporate marketing efforts have been. An analysis of the data
supplied by the accounting system can orient the firm and the
gathering of primary and secondary data.

Companies can also use data drawn from sales reports generated
by the box office or customer billings. Box-office data enable the
marketing manager to plot the sales curve of a particular event,
compare it to previous years, and decide, if necessary, what
measures to take. These measures may affect one or several
variables in the marketing mix. For example, if there is always a
drop in sales a few weeks after the start of an event, it might be
worth increasing the promotion budget for this period in order to
maintain or increase attendance figures.

Such data enable a company to correct a strategy, based on the
results obtained. Over the years, company standards may develop
as guidelines not only for analyzing or forecasting sales figures but
also for enhancing the marketing planning process.

The client, subscriber, or donor list of an organization, be it
commercial or non-profit, is a mine of interesting information. The
geographic location of customers, for example, is actually a
company’s trading area.

For other useful information, the marketing manager need look no
further than the staff members who actually come into contact with
the customers. These include telephone operators, ticket agents,
ushers, security guards, guide-interpreters, and restaurant and bar
personnel. Employees in communications or sales can collect data
that may prove highly relevant to those making the final decisions.

Of course, every analyst must be well acquainted with previous
studies or surveys. Although the information may have become
outdated, it can provide important clues on how to analyze the
current situation. It might even be worthwhile repeating the
experiment to compare the new data with the old.

Finally, thanks to the proliferation of Web sites, it is relatively easy
for a company to obtain information on a particular industry. For
example, all professional associations in the arts and cultural sector
have an Internet site, many of which provide direct links to the
association’s member organizations.1



For your organisation, what are the sources of information
available within the company, and how this information being
used? Review the system for capturing marketing information, and
examine how this system can be improved.


As discussed in previous answer internal data consist of such
information as data generated in house for earlier studies as well as
analysis of customer files ,Retail organization like mine contains
past customer transactions ,letters from customers ,sales call
reports, and data collected via warranty cards. Increasingly
organization like mine use these data to compute Customer
lifetime value profiles for various customer segmentation. These
profile include customer acquisitions cost(the resources needed to
establish a relationship with the customer),the profit generated2

USING THE DATABASE

  1) To Identify Prospect: company identifies orspects by
     generating leads by advertising their product or servise.The
     ad generally contains the ad feature ,such as business reply
     card or toll free phone number.The database is built from
     these responses.The company sorts through the data base to
     identify the best prospects,then contacts them by
     mail,phone,or personal call in an attempt to make them into
     customers
  2) To Decide which customer should get particular
     offer.Companies are interested in selling,up selling and cross
     selling their products and services .company set up criteria
     describing the ideal target customer for a particular
offer.Then they search their customer database for those who
     most closely resemble the ideal type .By nothing response
     rates a company can improve its targeting precision over time
     .Following a sale , it can set upan automatic sequence of
     activities
  3) To Deepen Customer Loyalty : Companies can build
     interest and enthusiasm by remembering customer
     preferences ;by sending appropriate gifts,discounts
     couponsand interesting reading material
  4) To Reactive Customer Purchases: Customer can install
     automatic mailing programme(automatic marketing) that
     send out birthday or anniversary cards,Christmas shopping
     reminders ,offseason promotions,the database can help the
     company make attaractive or timely offers3

5 ) To Avoid Serious Customer Mistake: Customer
relationship management is the most important concept of the
modern day marketing. CRM is all about managing detailed
information about the individual customers and carefully managing
these customers by delivering superior customer value and
satisfaction. CRM is also known as data base management. More
than just a software package, it involves people across virtually
every area of a company in a process that captures data and applies
it to strengthen customer relationships, improve communication,
identify and act on selling opportunities, save money, enhance
customer loyalty and increase profitability.

With the help of CRM the companies can manage the data base of
their customers; this data base helps the organization to sort best
possible information about the customers and to retrieve it on
timely basis. Such laser like precision and efficiency, coupled with
the comprehensive customer histories in your CRM program, can
add muscle to your sales team, allowing them to spot selling
opportunities and act on them. In addition, you can examine data
about customers and create profiles of your best and most
profitable customers, dividing them by industry, geography, size of
company or other demographics. In doing so, your company can
ensure that it is focusing marketing efforts on its best customers
and prospects, again avoiding the waste of targeting customers
who are not profitable and prospects who aren’t a good fit for your
business4

TASK 2

  a. What are the advantages of qualitative research over
     quantitative research?

Qualitative research design is a method of experimentation used
extensively by scientists and researchers studying human behavior
and habits. It is also very useful for product designers who want to
make a product that will sell.

For example, a designer generating some ideas for a new product
might want to study people’s habits and preferences, to make sure
that the product is commercially viable. Quantitative research is
then used to assess whether the completed design is popular or
not.5

Some marketers prefer more qualitative methods for gauging
consumer opinion because consumer actions do not always match
their answers to survey questions.Qualitative research techniques
are relatively unstructured measurement approaches that permits a
range of possible response ,and they are creative means of
ascertaining consumer perceptions that may otherwise be difficult
to uncover

Quantitative market research projects often include larger numbers
of respondents (quantity, as the name implies) and for that reason
tend to cost significantly more than qualitative market research
does 6
Qualitative techniques are extremely useful when a subject is too
complex be answered by a simple yes or no hypothesis. These
types of designs are much easier to plan and carry out, useful when
budgetary decisions have to be taken into account.

The broader scope covered by these designs ensures that some
useful data is always generated, whereas an unproved hypothesis in
a quantitative experiment can mean that a lot of time has been
wasted. Qualitative research methods are not as dependent upon
sample sizes as quantitative methods; a case study, for example,
can generate meaningful results with a small sample group7

  b. Assume that a leading toiletries and home products
     manufacturer has the formula for a new brand of toothpaste
     which removes bacteria and plaque from the teeth, which
     build up at night. He wants to know what branding and
     positioning strategy to follow for the launch of this new
     toothpaste.
    Design a qualitative study with discussion group guidelines
    and projective      techniques to be used for focus groups to
    be used to determine if this toothpaste can be positioned as a
    “night” use toothpaste.



Recently, there has been a huge growth in the number of different
flavors for toothpaste on the market - a trend that is set to have
caught the imaginations of many consumers who have grown tired
of box standard mint flavorings. Many consumers base a lot of
their purchase decisions on how comfortable a toothpaste feels in
their mouths, whether the taste is good enough, whether the
toothpaste suits their mouth, or whether the toothpaste contains all
the possible ingredients for protection of their teeth. They also base
their purchases around the ability of the toothpaste to “remove
food particles; plaque removal and gum stimulation
Consumers first purchased toothpastes without much knowledge or
information concerning the product’s benefits. As new product
development
increased, and consumers became better informed about the
benefits of
toothpastes, they began to focus their interest not only on cavity
prevention,
but also on the health of their gums, their oral hygiene, and their
cosmetic
appearance. Because consumer interest and toothpaste purchases
began to
increase, advertising and promotion also began to increase, which
lead to the
development and addition of the super-premium product class.
Consumers began to purchase toothpastes based on the specific
benefits each toothpastes and company had to offer.

4 P’S OF PRODUCT MIX
1) Price
Under a mainstream-positioning strategy,. The price would be
economical as compared to other toothpaste brands to earn
maximum profits

2)Product
It is a product that should add value
to a buyer’s life. It should also add utility, and meet the wants and
needs of
targeted consumers. The product should be unique and different
from all
similar products that are already available on the market. The
strategy is to
differentiate the product’s design and packaging, which in return
will cause
the toothpaste to stand out.

3)Place

The most important part of marketing is how our product will get
from the
seller to the buyer. Many products go through a channel of
distribution,
which involves manufactures, wholesalers, retailers, and
consumers

4) Promotion
Product promotion is communication spread through advertising,
publicity, and sales promotion. Toothpaste would
advertise their products by using commercial, magazine ads, the
radio,
ads that are to be placed in dentist offices, billboards, and the sides
of
buses. Advertising would also be done to promote new products,
remind consumers of
existing products, and also promote the image of the company at
hand. special coupons and rebates would be offered and also food
products

Target market proposed strategies
The first segment market that ‘toothpaste’ will target will be
consumers who are concerned about oral health issues, such as
fighting plaque and gum disease. These consumers are known as
“therapeutic
consumers,” because they purchase products, toothbrushes, that
will be the most effective when it comes to oral health care. These
consumers “buy anduse products for themselves,”. Consumers in
this target marketusually do not care about the price, as long as
they are getting the highestquality products. Most consumers in
this segment are adults, especially oneswho have oral health
problems.
Advertising and promotion would be done through
commercials,magazines, radio, and ads put up in places such as
dentists offices. Theseadvertising and promotion mediums would
target this segment’s consumers,
and would focus on the benefits toothpaste has to offer in
connection with oral healthcare. Commercials made for this market
segment would also show the benefits of the toothpaste, possibly
through
demonstration. Commercials would air at night during “prime-
time”, the time in which most people watch television, and during
the day, especially during soap operas. These are the time periods
in which more adults watchtelevision.8


Marketing strategy - Launching a new brand:

Well, in this clutter of toothpaste brands is there a possibility for a
new brand to grow and gain significant market share? Only a
disruptive strategy will help.

How about a toothpaste specially made for brushing at night? If
such a product has its benefits and is proven scientifically, then it
will be easy to weave a marketing strategy around this concept and
make every other brand as morning toothpaste category. This will
help the new brand to gain significant market share in its niche,
night dental care segment.

Win-Win:

As still significant percentage of people brush only in the morning,
a separate toothpaste for night will push more people to brush
before going to bed. This will not only improve the topline growth
of toothpaste brands, but also help people develop the good habit
of brushing twice a day.9
TASK 3


Design and execute an online survey for a DVD rental company.
The objective of the survey is to determine the level of competition
in the market, and customer satisfaction with existing DVD rentals
in your area.
Design and email the questionnaire to 25 respondents, and analyse
the results.

Around 7 companies offer online DVD rental in the city. Many are
powered by LoveFilm, the UK’s biggest online rental company,
but the market still offers a good choice of independents and
different subscription packages.

See our DVD rental table below for a comparison of some of the
biggest online DVD rental companies and what they offer.

Online DVD rental services compared (10)

Online DVD rental providers
                                                             Game
            Numbe Basic          Medium Premium Fre rental
Service     r of  user           user       user        e    availabl
provider    DVDs package         package package trial e
                                            £15.99
                                 £12.71 (Unlimite
                   £4.88 (2
                                 (unlimite d rentals,
Blockbuste         per                                  14
           65,000+               d rentals, 2 at a           No
r                  month, 1                             days
                                 2 at a     time, 2 in
                   at a time)
                                 time)      store
                                            rentals.
                    £4.89 (2     £12.49 £14.99
Cinema              per          (unlimite (Unlimite 14
            65,000+                                          No
Paradiso            month, 1     d rentals, d rentals,3 days
                    at a time)   2 at a     at a time)
Online DVD rental providers
                                                             Game
             Numbe Basic         Medium Premium Fre rental
Service      r of  user          user       user        e    availabl
provider     DVDs package        package package trial e
                                 time)
                                 £12.72 £15.65
                 £3.91 (2
                                 (unlimite (Unlimite
                 per                                    14
LoveFilm 65,000+                 d rentals, d rentals,       Yes
                 month, 1                               days
                                 2 at a     3 at a
                 at a time)
                                 time)      time)
                  £4.88 (2       £12.71
                                            £24.46
                  DVDs           (unlimite
        b                                   (Unlimite 14
Out Now 65,000+ per              d rentals,                  No
                                            d rentals,6 days
                  month, 2       2 at a
                                            at a time)
                  at a time)     time)
                  £3.88 (2       £11.72
                                            £14.66
                  DVDs           (unlimite
      c                                     (Unlimite 14
Tesco     56,000+ per            d rentals,                  Yes
                                            d rentals,3 days
                  month, 1       2 at a
                                            at a time)
                  at a time)     time)
                  £9.78          £12.72
                                            £15.65
                  (unlimite      (unlimite
WH Smith                                    (unlimited 30
c         60,500+ d rentals,     d rentals,                  Yes
                                            rentals, 3 days
                  1 at a         2 at a
                                            at a time)
                  time)          time)
The Sun
Movie     65,000+ £3
     d
Club

We have conducted a survey to compare the level of customer
satisfaction as well as the level of competition prevailing in the
market.
It gives a great pleasure having you as our esteem customer.
On completing of a successful year, we would like to serve you
better. Kindly fill the following survey and help us to serve
your better.

 We appreciate you taking the time to complete this brief
survey. It will help us learn how to better meet your needs for
our DVD rental machines.

The survey will take roughly 3 to 4 minutes to complete.
Remember, survey participants will be given a Promo Code for
a free rental!

Your information will only be used for this research project
and will not be passed on to any other companies.



1. How did you first learn about Instant DVD’s rental
machine?

   In-store demo
   Flyer handed out in store
   Seeing the machine in store
   Email referral
   Word of mouth
   Other

2. How many times have you used Instant DVD’s rental
machine?
Once
  2-4
  5 or more

3. Since you discovered Instant DVD’s rental machine are you
visiting the store?

  More frequently
  Less frequently
  Same as before

4. If you are visiting more often how many times?

  One additional trip per week
  Two additional trips per week
  More than two additional trips per week
  Not Applicable

5. When using Instant DVD’s rental machine what is most
important to you?

  Cost
  Convenience
  Movie selection
  Other

6. How would you rate the DVD rental machine as a service?

  Very positive
  Mildly positive
  Makes no difference
  Don’t like the service

7. What is important to you when chosing which DVD to rent?
Genre
  Top 20 Renters
  Actors or Directors
  Website showing current and coming New Releases
  Other

8. When you buy DVDs do you?

  Like to rent a DVD and then buy it if you like it
  Just buy a DVD if you think you’ll like it
  Mostly buy DVDs as gifts
  Rarely buy DVDs

9. Does renting a DVD influence the DVDs you buy?

  Makes little difference
  More likely to buy a new release DVD
  Less likely to buy a new release DVD

10. Are you more likely to buy a DVD if you received Promo
Codes for discounted rentals on other DVDs?

  More likely
  Less likely
  Makes no difference

11. Are you more likely to visit a supermarket or convenience
store where you can rent DVDs?

  Much more likely
  Somewhat more likely
  Makes no difference
  Less likely
12. Now that you can rent from an Instant DVD rental
machine?

  I will continue to visit the local video store but less often
  I will not visit the video store
  I will visit the local video store about the same as before

13. Do you know approximately how much your local video
store charges to rent an overnight new release DVD?

  More than $7.50
  Between $5.50 - $7.50
  Between $3.50 - $5.50
  Don’t know

14. How would you rate the ability to rent from any Instant
DVD rental machine and return to any other machine?

  Extremely valuable
  Very valuable
  Somewhat valuable
  Not valuable

15a. Would you be interested in a monthly subscription where
you can rent unlimited DVDs from any of the machines each
month (1 at a time).

  Very interested
  Mildly interested
  I prefer to just pay $2.99 each time I rent
  Not interested
15b. If you were interested in a monthly subsription for renting
DVDs what would you be willing to pay each month for this
service?



16. When you rent or return a DVD at the supermarket or
convenience store what other products might you be interested
in purchasing?

(tick all that apply)
    Snacks and drinks to consume while watching the movie
    Ready made meals for my next meal
    Some household groceries I’m running short of (e.g. Milk,
eggs, bread)
    My weekly grocery shopping
    I wouldn’t buy anything, just rent a DVD

17. What other suggestions for improvement or new features
would you like to see?

(tick all that apply)
    A weekly new releases email newsletter
    Coming new releases and movie trailers on the Instant DVD
website
    The ability to view a machine’s inventory online and reserve a
DVD for pickup later
    The ability to purchase ex-rental DVDs from the machine
    Back catalogue DVDs via an online mail order subscription
service similar to Bigpond Movies or Quickflix?

Customer satisfaction determination:
A. Was the DVD ordered received within stipulated time: yes/no

  B. Was the visual quality of DVD good enough: yes/no

  C. Was the sound quality of DVD good enough: yes/no

  D. Was the DVD correctly sent: yes/no

  E. Was the price charged fair: yes/no

  F. Was the DVD available on 1st request: yes/no

  G. Was the pick up done on time: yes/no

  H. Would you prefer this DVD rental company over other
     companies: yes/no

  I. Would you like to order again from this DVD parlour: yes/no

  J. Are you satisfied with the service? If no why: yes/no

  K. Please provide us any other comments, suggestions or
     feedback you might have:



What is your age?

  0-18
  18-24
  25-34
  35-44
  45-54
  55 or over
Name:

Gender:

Location:




Analysis for customer satisfaction:

    24

    23

    22
                                              number of
    21                                        people
                                              answering in
    20                                        yes

    19

    18
            A B C D E F G H           I   J
From the bar graph above it can be easily depicted that number of
people answering in a positive manner (out of sample size: 25) is
very high. So, it can be said that the company is running with great
customer satisfaction.10


Few suggestions that were received are:
  1. to keep more old English classics
  2. to open up more outlets in neighbourhood.




                          Reference list

References                                                         Source
1) 1 www.gestiondesarts.com/index.php?id
                                                                   article

2) (Consumer Behaviour) by LeonG.schiffman,leslie lazar kanuk
                                                              Book
,9th edition ,pg 40
3) PHILIP KOTLER & KELVIN KELLER edition 12 e , page
                                                                   Book
107
4) HTTPS://WWW.CRMASSOCIATION.ORG
                                                                Web

5) http://www.experiment-resources.com/qualitative-research-
                                                                Electronic
design.html#ixzz0I9SKbYZZ&D
                                                                book

6) http://wiki.answers.com/Q/What_are_the_advantages_and_
disadvantages_of_qualitative_and_quantitative_research
                                                                Web


7 ) http://www.experiment-resources.com/qualitative-research-
                                                                Web
design.html#ixzz0I9SkxvWE&D
8) http://www.managementparadise.com
                                                                Web

9 )http://www.bizdewz.com/toothpaste-market-selling-a-new-
brand/                                                          Web


10) www.instantdvd.com
                                                                Web




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Online Homework Help for Marketing Insights

  • 1. Online Assignment – Your Homework Help Partner SUBJECT: Marketing Task One: a) What are the types of information available with an organization from its own internal sources? From internal resources Internal data are usually derived from six sources the accounting system, sales reports, the client list, a Web site “hits” report, company staff, and previous studies. It should be pointed out that a survey or study performed by the company is considered primary data gathering at the time of the study, but that the report retained as a file then becomes part of the internal data. These are all valuable tools for measuring the performance of cultural organizations. The accounting system can furnish a great deal of interesting information – for example, the break-even point for the company as a whole or for each company -product individually. It also enables the marketing manager to measure how profitable corporate marketing efforts have been. An analysis of the data supplied by the accounting system can orient the firm and the gathering of primary and secondary data. Companies can also use data drawn from sales reports generated
  • 2. by the box office or customer billings. Box-office data enable the marketing manager to plot the sales curve of a particular event, compare it to previous years, and decide, if necessary, what measures to take. These measures may affect one or several variables in the marketing mix. For example, if there is always a drop in sales a few weeks after the start of an event, it might be worth increasing the promotion budget for this period in order to maintain or increase attendance figures. Such data enable a company to correct a strategy, based on the results obtained. Over the years, company standards may develop as guidelines not only for analyzing or forecasting sales figures but also for enhancing the marketing planning process. The client, subscriber, or donor list of an organization, be it commercial or non-profit, is a mine of interesting information. The geographic location of customers, for example, is actually a company’s trading area. For other useful information, the marketing manager need look no further than the staff members who actually come into contact with the customers. These include telephone operators, ticket agents, ushers, security guards, guide-interpreters, and restaurant and bar personnel. Employees in communications or sales can collect data that may prove highly relevant to those making the final decisions. Of course, every analyst must be well acquainted with previous studies or surveys. Although the information may have become outdated, it can provide important clues on how to analyze the current situation. It might even be worthwhile repeating the experiment to compare the new data with the old. Finally, thanks to the proliferation of Web sites, it is relatively easy for a company to obtain information on a particular industry. For example, all professional associations in the arts and cultural sector
  • 3. have an Internet site, many of which provide direct links to the association’s member organizations.1 For your organisation, what are the sources of information available within the company, and how this information being used? Review the system for capturing marketing information, and examine how this system can be improved. As discussed in previous answer internal data consist of such information as data generated in house for earlier studies as well as analysis of customer files ,Retail organization like mine contains past customer transactions ,letters from customers ,sales call reports, and data collected via warranty cards. Increasingly organization like mine use these data to compute Customer lifetime value profiles for various customer segmentation. These profile include customer acquisitions cost(the resources needed to establish a relationship with the customer),the profit generated2 USING THE DATABASE 1) To Identify Prospect: company identifies orspects by generating leads by advertising their product or servise.The ad generally contains the ad feature ,such as business reply card or toll free phone number.The database is built from these responses.The company sorts through the data base to identify the best prospects,then contacts them by mail,phone,or personal call in an attempt to make them into customers 2) To Decide which customer should get particular offer.Companies are interested in selling,up selling and cross selling their products and services .company set up criteria describing the ideal target customer for a particular
  • 4. offer.Then they search their customer database for those who most closely resemble the ideal type .By nothing response rates a company can improve its targeting precision over time .Following a sale , it can set upan automatic sequence of activities 3) To Deepen Customer Loyalty : Companies can build interest and enthusiasm by remembering customer preferences ;by sending appropriate gifts,discounts couponsand interesting reading material 4) To Reactive Customer Purchases: Customer can install automatic mailing programme(automatic marketing) that send out birthday or anniversary cards,Christmas shopping reminders ,offseason promotions,the database can help the company make attaractive or timely offers3 5 ) To Avoid Serious Customer Mistake: Customer relationship management is the most important concept of the modern day marketing. CRM is all about managing detailed information about the individual customers and carefully managing these customers by delivering superior customer value and satisfaction. CRM is also known as data base management. More than just a software package, it involves people across virtually every area of a company in a process that captures data and applies it to strengthen customer relationships, improve communication, identify and act on selling opportunities, save money, enhance customer loyalty and increase profitability. With the help of CRM the companies can manage the data base of their customers; this data base helps the organization to sort best possible information about the customers and to retrieve it on timely basis. Such laser like precision and efficiency, coupled with the comprehensive customer histories in your CRM program, can add muscle to your sales team, allowing them to spot selling opportunities and act on them. In addition, you can examine data about customers and create profiles of your best and most
  • 5. profitable customers, dividing them by industry, geography, size of company or other demographics. In doing so, your company can ensure that it is focusing marketing efforts on its best customers and prospects, again avoiding the waste of targeting customers who are not profitable and prospects who aren’t a good fit for your business4 TASK 2 a. What are the advantages of qualitative research over quantitative research? Qualitative research design is a method of experimentation used extensively by scientists and researchers studying human behavior and habits. It is also very useful for product designers who want to make a product that will sell. For example, a designer generating some ideas for a new product might want to study people’s habits and preferences, to make sure that the product is commercially viable. Quantitative research is then used to assess whether the completed design is popular or not.5 Some marketers prefer more qualitative methods for gauging consumer opinion because consumer actions do not always match their answers to survey questions.Qualitative research techniques are relatively unstructured measurement approaches that permits a range of possible response ,and they are creative means of ascertaining consumer perceptions that may otherwise be difficult to uncover Quantitative market research projects often include larger numbers of respondents (quantity, as the name implies) and for that reason tend to cost significantly more than qualitative market research does 6
  • 6. Qualitative techniques are extremely useful when a subject is too complex be answered by a simple yes or no hypothesis. These types of designs are much easier to plan and carry out, useful when budgetary decisions have to be taken into account. The broader scope covered by these designs ensures that some useful data is always generated, whereas an unproved hypothesis in a quantitative experiment can mean that a lot of time has been wasted. Qualitative research methods are not as dependent upon sample sizes as quantitative methods; a case study, for example, can generate meaningful results with a small sample group7 b. Assume that a leading toiletries and home products manufacturer has the formula for a new brand of toothpaste which removes bacteria and plaque from the teeth, which build up at night. He wants to know what branding and positioning strategy to follow for the launch of this new toothpaste. Design a qualitative study with discussion group guidelines and projective techniques to be used for focus groups to be used to determine if this toothpaste can be positioned as a “night” use toothpaste. Recently, there has been a huge growth in the number of different flavors for toothpaste on the market - a trend that is set to have caught the imaginations of many consumers who have grown tired of box standard mint flavorings. Many consumers base a lot of their purchase decisions on how comfortable a toothpaste feels in their mouths, whether the taste is good enough, whether the toothpaste suits their mouth, or whether the toothpaste contains all the possible ingredients for protection of their teeth. They also base their purchases around the ability of the toothpaste to “remove food particles; plaque removal and gum stimulation
  • 7. Consumers first purchased toothpastes without much knowledge or information concerning the product’s benefits. As new product development increased, and consumers became better informed about the benefits of toothpastes, they began to focus their interest not only on cavity prevention, but also on the health of their gums, their oral hygiene, and their cosmetic appearance. Because consumer interest and toothpaste purchases began to increase, advertising and promotion also began to increase, which lead to the development and addition of the super-premium product class. Consumers began to purchase toothpastes based on the specific benefits each toothpastes and company had to offer. 4 P’S OF PRODUCT MIX 1) Price Under a mainstream-positioning strategy,. The price would be economical as compared to other toothpaste brands to earn maximum profits 2)Product It is a product that should add value to a buyer’s life. It should also add utility, and meet the wants and needs of targeted consumers. The product should be unique and different from all similar products that are already available on the market. The strategy is to differentiate the product’s design and packaging, which in return
  • 8. will cause the toothpaste to stand out. 3)Place The most important part of marketing is how our product will get from the seller to the buyer. Many products go through a channel of distribution, which involves manufactures, wholesalers, retailers, and consumers 4) Promotion Product promotion is communication spread through advertising, publicity, and sales promotion. Toothpaste would advertise their products by using commercial, magazine ads, the radio, ads that are to be placed in dentist offices, billboards, and the sides of buses. Advertising would also be done to promote new products, remind consumers of existing products, and also promote the image of the company at hand. special coupons and rebates would be offered and also food products Target market proposed strategies The first segment market that ‘toothpaste’ will target will be consumers who are concerned about oral health issues, such as fighting plaque and gum disease. These consumers are known as “therapeutic consumers,” because they purchase products, toothbrushes, that will be the most effective when it comes to oral health care. These consumers “buy anduse products for themselves,”. Consumers in this target marketusually do not care about the price, as long as they are getting the highestquality products. Most consumers in
  • 9. this segment are adults, especially oneswho have oral health problems. Advertising and promotion would be done through commercials,magazines, radio, and ads put up in places such as dentists offices. Theseadvertising and promotion mediums would target this segment’s consumers, and would focus on the benefits toothpaste has to offer in connection with oral healthcare. Commercials made for this market segment would also show the benefits of the toothpaste, possibly through demonstration. Commercials would air at night during “prime- time”, the time in which most people watch television, and during the day, especially during soap operas. These are the time periods in which more adults watchtelevision.8 Marketing strategy - Launching a new brand: Well, in this clutter of toothpaste brands is there a possibility for a new brand to grow and gain significant market share? Only a disruptive strategy will help. How about a toothpaste specially made for brushing at night? If such a product has its benefits and is proven scientifically, then it will be easy to weave a marketing strategy around this concept and make every other brand as morning toothpaste category. This will help the new brand to gain significant market share in its niche, night dental care segment. Win-Win: As still significant percentage of people brush only in the morning, a separate toothpaste for night will push more people to brush before going to bed. This will not only improve the topline growth of toothpaste brands, but also help people develop the good habit of brushing twice a day.9
  • 10. TASK 3 Design and execute an online survey for a DVD rental company. The objective of the survey is to determine the level of competition in the market, and customer satisfaction with existing DVD rentals in your area. Design and email the questionnaire to 25 respondents, and analyse the results. Around 7 companies offer online DVD rental in the city. Many are powered by LoveFilm, the UK’s biggest online rental company, but the market still offers a good choice of independents and different subscription packages. See our DVD rental table below for a comparison of some of the biggest online DVD rental companies and what they offer. Online DVD rental services compared (10) Online DVD rental providers Game Numbe Basic Medium Premium Fre rental Service r of user user user e availabl provider DVDs package package package trial e £15.99 £12.71 (Unlimite £4.88 (2 (unlimite d rentals, Blockbuste per 14 65,000+ d rentals, 2 at a No r month, 1 days 2 at a time, 2 in at a time) time) store rentals. £4.89 (2 £12.49 £14.99 Cinema per (unlimite (Unlimite 14 65,000+ No Paradiso month, 1 d rentals, d rentals,3 days at a time) 2 at a at a time)
  • 11. Online DVD rental providers Game Numbe Basic Medium Premium Fre rental Service r of user user user e availabl provider DVDs package package package trial e time) £12.72 £15.65 £3.91 (2 (unlimite (Unlimite per 14 LoveFilm 65,000+ d rentals, d rentals, Yes month, 1 days 2 at a 3 at a at a time) time) time) £4.88 (2 £12.71 £24.46 DVDs (unlimite b (Unlimite 14 Out Now 65,000+ per d rentals, No d rentals,6 days month, 2 2 at a at a time) at a time) time) £3.88 (2 £11.72 £14.66 DVDs (unlimite c (Unlimite 14 Tesco 56,000+ per d rentals, Yes d rentals,3 days month, 1 2 at a at a time) at a time) time) £9.78 £12.72 £15.65 (unlimite (unlimite WH Smith (unlimited 30 c 60,500+ d rentals, d rentals, Yes rentals, 3 days 1 at a 2 at a at a time) time) time) The Sun Movie 65,000+ £3 d Club We have conducted a survey to compare the level of customer satisfaction as well as the level of competition prevailing in the market.
  • 12. It gives a great pleasure having you as our esteem customer. On completing of a successful year, we would like to serve you better. Kindly fill the following survey and help us to serve your better. We appreciate you taking the time to complete this brief survey. It will help us learn how to better meet your needs for our DVD rental machines. The survey will take roughly 3 to 4 minutes to complete. Remember, survey participants will be given a Promo Code for a free rental! Your information will only be used for this research project and will not be passed on to any other companies. 1. How did you first learn about Instant DVD’s rental machine? In-store demo Flyer handed out in store Seeing the machine in store Email referral Word of mouth Other 2. How many times have you used Instant DVD’s rental machine?
  • 13. Once 2-4 5 or more 3. Since you discovered Instant DVD’s rental machine are you visiting the store? More frequently Less frequently Same as before 4. If you are visiting more often how many times? One additional trip per week Two additional trips per week More than two additional trips per week Not Applicable 5. When using Instant DVD’s rental machine what is most important to you? Cost Convenience Movie selection Other 6. How would you rate the DVD rental machine as a service? Very positive Mildly positive Makes no difference Don’t like the service 7. What is important to you when chosing which DVD to rent?
  • 14. Genre Top 20 Renters Actors or Directors Website showing current and coming New Releases Other 8. When you buy DVDs do you? Like to rent a DVD and then buy it if you like it Just buy a DVD if you think you’ll like it Mostly buy DVDs as gifts Rarely buy DVDs 9. Does renting a DVD influence the DVDs you buy? Makes little difference More likely to buy a new release DVD Less likely to buy a new release DVD 10. Are you more likely to buy a DVD if you received Promo Codes for discounted rentals on other DVDs? More likely Less likely Makes no difference 11. Are you more likely to visit a supermarket or convenience store where you can rent DVDs? Much more likely Somewhat more likely Makes no difference Less likely
  • 15. 12. Now that you can rent from an Instant DVD rental machine? I will continue to visit the local video store but less often I will not visit the video store I will visit the local video store about the same as before 13. Do you know approximately how much your local video store charges to rent an overnight new release DVD? More than $7.50 Between $5.50 - $7.50 Between $3.50 - $5.50 Don’t know 14. How would you rate the ability to rent from any Instant DVD rental machine and return to any other machine? Extremely valuable Very valuable Somewhat valuable Not valuable 15a. Would you be interested in a monthly subscription where you can rent unlimited DVDs from any of the machines each month (1 at a time). Very interested Mildly interested I prefer to just pay $2.99 each time I rent Not interested
  • 16. 15b. If you were interested in a monthly subsription for renting DVDs what would you be willing to pay each month for this service? 16. When you rent or return a DVD at the supermarket or convenience store what other products might you be interested in purchasing? (tick all that apply) Snacks and drinks to consume while watching the movie Ready made meals for my next meal Some household groceries I’m running short of (e.g. Milk, eggs, bread) My weekly grocery shopping I wouldn’t buy anything, just rent a DVD 17. What other suggestions for improvement or new features would you like to see? (tick all that apply) A weekly new releases email newsletter Coming new releases and movie trailers on the Instant DVD website The ability to view a machine’s inventory online and reserve a DVD for pickup later The ability to purchase ex-rental DVDs from the machine Back catalogue DVDs via an online mail order subscription service similar to Bigpond Movies or Quickflix? Customer satisfaction determination:
  • 17. A. Was the DVD ordered received within stipulated time: yes/no B. Was the visual quality of DVD good enough: yes/no C. Was the sound quality of DVD good enough: yes/no D. Was the DVD correctly sent: yes/no E. Was the price charged fair: yes/no F. Was the DVD available on 1st request: yes/no G. Was the pick up done on time: yes/no H. Would you prefer this DVD rental company over other companies: yes/no I. Would you like to order again from this DVD parlour: yes/no J. Are you satisfied with the service? If no why: yes/no K. Please provide us any other comments, suggestions or feedback you might have: What is your age? 0-18 18-24 25-34 35-44 45-54 55 or over
  • 18. Name: Gender: Location: Analysis for customer satisfaction: 24 23 22 number of 21 people answering in 20 yes 19 18 A B C D E F G H I J
  • 19. From the bar graph above it can be easily depicted that number of people answering in a positive manner (out of sample size: 25) is very high. So, it can be said that the company is running with great customer satisfaction.10 Few suggestions that were received are: 1. to keep more old English classics 2. to open up more outlets in neighbourhood. Reference list References Source 1) 1 www.gestiondesarts.com/index.php?id article 2) (Consumer Behaviour) by LeonG.schiffman,leslie lazar kanuk Book ,9th edition ,pg 40 3) PHILIP KOTLER & KELVIN KELLER edition 12 e , page Book 107
  • 20. 4) HTTPS://WWW.CRMASSOCIATION.ORG Web 5) http://www.experiment-resources.com/qualitative-research- Electronic design.html#ixzz0I9SKbYZZ&D book 6) http://wiki.answers.com/Q/What_are_the_advantages_and_ disadvantages_of_qualitative_and_quantitative_research Web 7 ) http://www.experiment-resources.com/qualitative-research- Web design.html#ixzz0I9SkxvWE&D 8) http://www.managementparadise.com Web 9 )http://www.bizdewz.com/toothpaste-market-selling-a-new- brand/ Web 10) www.instantdvd.com Web Thank You Online Assignment – Your Homework Help Partner We’ll Be glad to help You
  • 21. Mail: homework@onlineassignment.net Website: www.onlineassignment.net Live Chat : 24*7 available