Question

In: Operations Management

You are a marketer for LifeStock, a members-only store that provides both goods and services to...

You are a marketer for LifeStock, a members-only store that provides both goods and services to customers. The company offers an impressive array of departments: Grocery, Hardware, Home Goods, Pharmacy, Eye Care, Pet Supplies, Fresh Food Automotive, Gas, and Car Wash. Describe how your marketing strategy differs for the goods and services that your store provides. In replies to peers, provide additional ideas or strategies that could be employed for differentiating the marketing strategy.

Solutions

Expert Solution

answer-

My marketing strategy differs for the goods and services in my store that we offer attractive pricing to our member customers. Under this pricing, They get huge percentage of discount if they buy products in bulk like more than a average customers.

We also offer Cashbacks and points to our customers when they shop using credit or debit cards at payment counter.When specific amount of points are collected then they can redeem them in thier shopping next time.This is also good saving to our customers.

Our store is members only store so this business model is in itself a good valuable marketing stratget. When customer finds that store has policy for shopping for its members only then they feel valued, exclusive and become loyal to the store.

Customers can find almost any catergory of prodct or service in our store so it saves their time to other shops or stores. so these ways make my marketing strategy different.


Related Solutions

ON Amazon: Key Goods or Services/Features: Describe the key goods and services your selected organization provides....
ON Amazon: Key Goods or Services/Features: Describe the key goods and services your selected organization provides. Include information about where, why, and for whom they are provided. Separate the financial interest of the company into financial and nonfinancial features. For example: Are they a manufacturer offering their own financing to customers? Is the company currently facing any financial woes? Explain how these features of the organization (e.g., major products or services, customers, location) help set the boundaries for business decisions.
A contract that involves terms for both goods and services is called a ___________
Question 13A contract that involves terms for both goods and services is called a ___________.? Question 14One of the four elements of contract formation is _________ which is defined aseach party receiving something of value from the other party, and each party givingup something of value.? Question 15Certain contracts must be in writing in order for the courts to enforce them. The lawrequiring a writing for enforceability is called the ___________ .? Question 16If one of the parties to a...
1 ) The correspondence principle provides an understanding of how the services ( or public goods...
1 ) The correspondence principle provides an understanding of how the services ( or public goods ) of government may be organized and delivered . Please describe this principle , and using examples , explain how it can be used in understanding which level of government provides a specific public good
1. GDP uses the market value of goods and services because it: A. provides a common...
1. GDP uses the market value of goods and services because it: A. provides a common valuation that allows us to compare one economy to another. B. provides the opportunity to compare lists of outputs to see who produced more. C. is the only data that can be gathered about goods and services. D. markets are the only way to value goods and services. 2. GDP counts: A. only final goods and services, because otherwise certain things would be double-counted...
How do channel members bring about operational efficiency in the process of transferring goods and services...
How do channel members bring about operational efficiency in the process of transferring goods and services from the manufacturers to the customers? (Hint: focus on the Supply Side factors that justify their existence) 4. List and explain the differences between the two types of Channel Systems that are used in the markets. Why is one of these systems preferred over the other? Give reasons for that. Please help me answer this in essay form at least 2 paragraphs
In lawsuits that involve both goods and services, how is the proper source of law to...
In lawsuits that involve both goods and services, how is the proper source of law to enforce and govern the agreement established?
Suppose we only have two consumer segments in the market. You are a marketer trying to...
Suppose we only have two consumer segments in the market. You are a marketer trying to decide the price for your product. The detailed information about the two segments are below, WTP stands for the maximum willingness to pay. Segment 1 Segment 2 Size 10 customers 20 customers WTP $3.00 $1.50 Usage 1 per customer 1 per customer Suppose the average cost per unit is $1. Please answer the following questions: If the price is set as $3, which segment...
Barbara purchases only two goods, salads, and notepads. Both are normal goods for Barbara. Suppose the...
Barbara purchases only two goods, salads, and notepads. Both are normal goods for Barbara. Suppose the price of salad decreases. Barbara’s consumption of notepads will most likely Select one: a. be unchanged as the two goods are not substitutes. b. increase due to the substitution effect. c. decrease since she will spend more of her budget on salads d. increase due to the income effect. ------------------------------------------------------------------------------------------------------------------------------------ 2. There are only two brands of tennis balls Tom purchases: “Wilson” and “Penn.”...
Two large countries, the US and China, produce only two goods, manufactured goods and Financial services,...
Two large countries, the US and China, produce only two goods, manufactured goods and Financial services, using two factors of production, skilled and unskilled labour. The production of Financial services is relatively skill-labour intensive and manufacturing is unskilledlabour intensive. The US is relatively well endowed with skilled labour, whereas China is relatively well endowed with unskilled labour. Assume that each society's preferences over the two goods are identical. (a) Draw the production possibilities frontier (PPF) for the US. Carefully explain...
Two large countries, the US and China, produce only two goods, manufactured goods and financial services,...
Two large countries, the US and China, produce only two goods, manufactured goods and financial services, using two factors of production, skilled and unskilled labour. The production of financial services is relatively skill-labour intensive and manufacturing is unskilled-labour intensive. The US is relatively well endowed with skilled labour, whereas China is relatively well endowed with unskilled labour. Assume that each society‘s preferences over the two goods are identical. (a) Draw the production possibilities frontier (PPF) for the US. Carefully explain...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT