Question

In: Finance

Q1. You are the brand manager for Garnier shampoo and you have conducted research on how...

Q1.

You are the brand manager for Garnier shampoo and you have conducted research on how consumers perceive the your brand in comparison to competing products. A  ____________________ will help you show the results of your analysis.

a product placement statement

a market segmentation diagram

a targeting diagram

a positioning statement

a perceptual map   

Q2.

  1. The company Unilever owns both the Axe and Dove brands. It sells both an Axe body wash as well as Dove Men+Care body wash. Each brand is targeting a different segment. The company is implementing a(n) _____ strategy.

    layered marketing

    concentrated marketing

    multisegment targeting

    market proliferation

    undifferentiated targeting

Solutions

Expert Solution

Q1. Answer: A Perceptual map

Explanation:

  • Perceptual map provides visual representation of customer’s perception about a product, with respect to other competing products. It helps to understand customers thought and purchasing behaviour towards the product. It can consider various attributes such quality, pricing, satisfaction etc. Here, research is done to understand customer perception for Garnier in comparison with competing products, so it will be done as Perceptual map.
  • Product placement statement is related to gain exposure for a product through film or television programmes.
  • Targeting diagram is related to identify and classify potential target customer. Similarly, marketing segment and positioning is related with identification and classification of customer segment.

Q2. Answer: Multisegment targeting

Explanation:

  • Under Multisegment targeting company identify and serve requirements of separate customer segment at same time. It can be done through various products offerings. Unilever targets young customers through Axe brand, whereas Dove targets mature men. Hence, it is a multisegment targeting strategy.
  • Market proliferation is defined as company launches many variations of a product. It may be created through various colour variations or product size etc.
  • Undifferentiated targeting is used to target as large number of people irrespective of their segment classification.
  • Concentrated marketing is done for products for a focused group of customers, which is well defined in characteristics.
  • In Layered marketing strategy various communication channel is used simultaneously to spread message. Such as social media, print media add etc.

Related Solutions

Q5: Imagine that YOU have just been appointed the Senior Brand Manager of Al Ain brand...
Q5: Imagine that YOU have just been appointed the Senior Brand Manager of Al Ain brand of dairy products in the UAE. Part of your job responsibility is the training of new graduates employed in the company as brand management trainees. If YOU were approached to prepare lesson details for the next batch of new trainees; provide detailed answers to the following questions and give examples with Al Ain and other dairy products where necessary: (a) Discuss 4 ways that...
One of the first decisions you have to make as the brand manager for Verona coffee...
One of the first decisions you have to make as the brand manager for Verona coffee is whether or not to add a new line of coffee makers called the "Super-Verona" line. The line would be marketed in addition to the original Verona line. Your brand assistant has provided you with the following facts: - The manufacturer sells to the wholesaler. The wholesaler sells to the jobber who, in turn, sells to the retailer. - You are a part of...
(II) One of the first decisions you have to make as the brand manager for Verona...
(II) One of the first decisions you have to make as the brand manager for Verona is whether or not to add a new line of coffee makers, the "Super-Verona line. The line would be marketed in addition to the original Verona line. Your brand assistant has provided you with the following facts. Percentage of sales commison is 10%. a. Retail selling price $100 per unit b. All margins the same as before c. Direct factory labor $3 per unit...
You are the Brand Manager of a new yoghurt brand ‘Yo-Yum’ (please note: this is a...
You are the Brand Manager of a new yoghurt brand ‘Yo-Yum’ (please note: this is a fictional brand) that will compete with the market leader Yoplait. With reference to evoked sets and levels of decision-making, consumer involvement, perceived risk, and learning strategies, provide some strategies and tactics that could be used by Yo-Yum to trial their new brand.
imagine you have just conducted what you believe is a well-designed ground breaking research. You have...
imagine you have just conducted what you believe is a well-designed ground breaking research. You have conducted the research and analyzed your findings. You can think in generalities, or think of some specific topic area where this could happen. If your findings seemed to contradict what you believed about scripture, how would you reconcile that? It's not as easy as saying, "I would just follow the scriptures." First, because you could be wrong in your understanding of scripture, or you...
Q1: Which of the following is not an algorithm? A recipe. Operating instructions. Textbook index. Shampoo...
Q1: Which of the following is not an algorithm? A recipe. Operating instructions. Textbook index. Shampoo instructions (lather, rinse, repeat). Q2: Which of the following is true? Pseudocode is used to describe an algorithm. Pseudocode is translatable by the programmer into a programming language (like Java). Pseudocode is used to describe executable statements that will eventually be translated by the programmer into a program. All of the above. Q3: Which of the following is not a benefit of “goto-less programming”?...
(I) You have just been appointed the product manager of the "Verona" brand of coffee makers...
(I) You have just been appointed the product manager of the "Verona" brand of coffee makers in a large consumer products company. As part of your new job, you want to develop an understanding of the financial situation for your product. Your brand assistant has provided you with the following facts: a. Retail selling price                                                 $80 per unit b. Retailer's margin                                                    32% c. Jobber's margin                                                      25% d. Wholesaler's margin[1]                                             20% e. Direct factory labor                                                $2.5 per unit f. Raw materials                                                        ...
Gary, brand manager
It’s November 15, and Gary, brand manager for a major consumer products firm, is contemplating his year‐end bonus. It is becoming increasingly obvious that unless he takes action, he will not achieve his brand profitability target for the year. Gary’s eyes fall to the expense estimate for the new coupon “drop” slated for later in the month. His hand trembles slightly as he erases the 4 percent anticipated redemption rate on his estimate sheet and replaces the figure with 2...
Q1. How would you describe the i) Research Question, ii) Conceptual Framework and iii)Research Design in...
Q1. How would you describe the i) Research Question, ii) Conceptual Framework and iii)Research Design in the given paper? Q2. What are the Strengths and Weaknesses, Limitations of the paper? Q3. What are the possible refinements and extensions that could be made in this paper? Research Paper Link : https://www.wu.ac.at/fileadmin/wu/d/i/entrep/4_forschung/full-text-papers/franke_schreier_kaiser_2010_designed_it_myself.pdf
Suppose you are conducting market research for your favorite brand. Sales have been lagging for two...
Suppose you are conducting market research for your favorite brand. Sales have been lagging for two quarters, and you are determined to find out why. You decide to host an in person focus group to gain customer insights into your brand’s current product offerings. You are also interested in obtaining feedback on a new product that your brand plans to launch in the next six months. Determine the makeup of your focus group. Who should be invited to the focus...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT