Documente Academic
Documente Profesional
Documente Cultură
MS-06
Course Code MS - 06
Course Title Marketing for Managers
Assignment Code MS-06/TMA/SEM - I/2017
Assignment Coverage All Blocks
https://ignousolvedassignmentsmba.blog.spot.in/
KIAN PUBLICATION
ignousolvedassignmentsmba@gmail.com
kianpublication1@gmail.com
ignou4you@gmail.com
McDaniel refers to the broad definition of marketing formulated by Philip Kotler, who claims that the essence of marketing is
the transaction. Kotler defines marketing ------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------, facilitated and valued.
Marketing (sales) occurs any time one social unit strives to exchange something of value with another social unit. Clearly, the
essence of marketing (sales) is a transaction an exchange intended to satisfy human wants and needs -------------------
----------------------------------------------------------------------------------------------------------------------------------------------
--------is to consider social units as sellers and buyers.
Exchanges between firms and buyers do not occur by accident or as a result of random behaviour. Action is required on the part of
both parties. Action taken by the seller may take -----------------------------------------------------------------------------------------
--------------------------------------------------------------------------------for initiating exchanges with customers. Needless to say,
much has been written about the role of sales people ------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------selling as a social exchange process.
Thus, internet marketing and digital campaigns have become an important part of marketing strategy. If a business is offering
services, than they will need to ---------------------------------------------------------------------------------------------------
----------------------------------------------------------------------media. In India, Justdial is a perfect example of how
consumers are searching for products and services online.
The recent success of Micromax against Samsung is an example of how penetrative pricing can be used along with product
development. Unlike Samsung, Micromax had not -------------------------------------------------------------------------------
------------------------------------------------------------------------------------------canvas phones are taking away a chunk
of market share from Samsung smart phones.
Example 1- Here Marketer emphasis on a specific feature of his product to create image in the minds of the consumers. For
example, Tata Motors -------------------------------------------------------------------------------------------------------------------
------------------------------------------------------to the consumers.
Thus we can see that Marketing, as per this definition, starts with a `product'. This is very common idea among many people, for
example, in advertising agencies, as they -------------------------------------------------------------------------------------------------
------------------------------------------------------------------------, starts with a product.
============================================================================================
(b) Scan various secondary data sources available to you and collect relevant data historically to discuss
the importance of Marketing in an emerging economy like India.
In the context of the above background we would now introduce you to a more general role of marketing. The first and foremost
role is that it stimulates potential aggregate ---------------------------------------------------------------------------------------
----------------------------------------------------------------------------------to work harder and earn additional money to buy
the various ideas, goods and services being marketed. An additional advantage, which accrues in the above context, is that it
accelerates the process of magnetizing the economy, -----------------------------------------------------------------------------
--------------------------------------------------------------------------------------------output are still non-monetised).
Advertising agencies, facilities for marketing research, repair services, specialized consumer financing agencies, and storage and
warehousing facilities are facilitating agencies created ----------------------------------------------------------------------------
---------------------------------------------------------------------------------------------system does not simply form or
function. Part of the marketers task when studying an economy is to determine what in the foreign environment will be useful and
how much adjustment will be necessary. In some developing countries it may be up to the marketer to lay the marketing channels.
Production and consumption patterns vary across the three sectors. India is a good example. One of the largest industrial economy
in the world, India has a population of approximately -----------------------------------------------------------------------------
--------------------------------------------------------------------------------------------country. The remaining 750 million
are in the transitional and rural sectors.
A rural Indian can live a sound life -----------------------------------------------------------------------------------------------
--------------------------------------------------------------------------. One of the greatest challenges of the 21st century is to
manage and market to the transitional sector in developing countries. The large city slums perhaps present the greatest problems
for smooth economic development.
2. (a) Explain the term Market Planning. Discuss the elements of Marketing Mix and their role in
formulating suitable strategy in the following situations.
----------------------------------- Process
Marketing mix is a systematic and balanced combination of the four inputs which constitute the core of a companys marketing
system the product, the price structure, -------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------will help to influence demand.
The service marketing mix is also known as an extended marketing mix and is an integral part of a service blueprint design. The
service marketing mix consists of 7 Ps as compared ------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------for optimum service delivery.
1. Product:
In service sector -----------------------------------------------------------------------------------------------------------------
--------------------------------------------------------. Our working hour is from 9.30 am to 4.30 pm.
Features:
A student -------------------------------------------.
A ----------------------------------------------------- at home.
Qualified, ------------------------------------------------------------------------------------ patient teachers.
-------------------------------------------------------------- outdoor game kit.
We ------------------------------------------------------------- to explore and interact.
Quality education -------------------------------------------------------- obedience.
Beautifully ----------------------------------------------------- every year.
2. Price:
It is determined by a -------------------------------------------------------------------------------------------------------------
------------------------------------------------------------education, brand name of the educational institution etc. Here, price
reflects the quality of services provided to the students.
Heads Amount -------------------------------------------------------------- learning materials.
Pharmaceuticals and Consumer product division, the following are examples of the. ---------------------------------------------
--------------------------------------------------------------------------------------------- for babies.
2. Place- Johnson & Johnson is --------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------companies to meet the various s customer needs through
scientific developments. The company has set up an executive committee, which is responsible for all its operations and for its
resources allocation. The main responsibility -------------------------------------------------------------------------------------
------------------------------------------------------------------------------------local citizens manage the subsidiaries.
They have also utilized the modern -----------------------------------------------------------------------------------------------
--------------------------------------------------------------------------market to its full potential. Today the companys sales
figure through internet is astounding. All -----------------------------------------------------------------------------------------
--------------------------------------------------------------------------------and Big Bazar.
============================================================================================
(b) Define Market Segmentation and discuss its scope and the bases of segmentation that are relevant to
the Indian Marketer.
--------------------------- segmentation-
In benefit segmentation ----------------------------------------------------------- say or the benefits they seek from the product.
Determining ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------, reputation etc.
The kinds of ----------------------------------------------------- benefit, and
The major --------------------------------------------------- each benefit.
Demographic basis
Instead of focusing on the --------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------. Demographic variables are the most popular bases for
distinguishing customer groups. You should use such variables to infer the likely variations in what is sought.
Example-
Demographic variable Products segmented on demographic basis
Age ---------------------
Sex ----------------------------------------, and magazines
------------ -------------------------- powder
Income cars, clothing-------------------------------- travel
--------------------- will vary ------------------------------- occupation
Education books, ------------------------------------ magazines
Geographic ------------------------ household --------------------------------------- property
------------------ food, ------------------------------------ items
Psychographic basis
You can also segment the market -------------------------------------------------------------------------------------------------
------------------------------------------------------------------------used for segmenting the market are cars, women's
clothing, cigarettes, cosmetics, alcoholic beverages and furniture. Volkswagen, for example, has ---------------------------------
----------------------------------------------------------------------------------------------------------------------------------
------, maneuverability, and spottiness.
For example for men's --------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------working and non-working. women.
Another basis is brand-loyalty, with companies making direct appeal to the loyal user. Some important examples are the
toothpaste market, ---------------------------------------------------------------------------------------------------------------
----------------------------------------------------------have a hard time getting in.
3. (a) Who is a Consumer? Elaborate giving suitable examples. Why it is necessary for marketers to have a
sound knowledge of the end user and their behavior. Discuss.
Consumer-
A consumer is a person or group of -------------------------------------------------------------------------------------------------------
------------------------------------------------------------------vary significantly by context, although a common definition is an
individual who buys products or services for personal use and not for manufacture or resale.
Consumer behavior-
The term consumer ------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------on how individuals make decisions to spend their available resources (time, money,
effort) on consumption related items. This ------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------on future, and how they dispose of it.
Example-
Many marketers find that ------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------with product introductions and discontinuations. Now, marketers no longer have
the luxury of taking their time to inform, remind or persuade customers. Consider for example the new FLY Pentop Computer
from LeapFrog, a technology --------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------by innovating both the product and ancillary requirements such as the paper,
and complementary products like software------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------the LeapFrog solution, the gee-whiz technology might not be
sufficient to assure marketplace success. Time is tight for LeapFrog, and traditional marketing approaches might not result in sales
quickly enough. They need to modify customers behaviours, starting with kids.
============================================================================================
(b) Distinguish between New Product Development with Product Life Cycle with an example.
1. Introduction ------------------------------
2. Growth ---------------------------/DVR
3. Maturity DVD
4. Decline -----------------------------
4. (a) What is pricing? What are the major objectives of pricing for a marketer? Explain with suitable
example the various pricing methods available to the marketer.
------------------------------------- example)
The two methods of -----------------------------------------------oriented Methods.
A. Cost----------------------- Method:
Because cost provides the base --------------------------------------------------- methods to fix the price.
1. ------------------------------- pricing:
Cost plus pricing involves ----------------------------------------------------------------------------------------------------------------------------
-----------------------------------selling price will be Rs. 220. The difference between the selling price and the cost is the profit. This
method is simpler as marketers can easily determine the costs and add a certain percentage to arrive at the selling price.
2. Mark------------------------------:
Mark-up pricing is a variation ------------------------------------------------------------------------------------ of the selling price and not as
a percentage of the cost price. Firms that use cost-oriented methods use mark-up pricing.
Since only the cost ------------------------------------------------- following formula is used to determine the selling price:
--------------------------------- price
3. ------------------------------------- pricing:
In this case, the firm -----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------In other words, there is neither profit nor loss.
4. -------------------------------------------- pricing:
In this case, the ------------------------------------------------------------------------------- return on investment (ROI).
5. ---------------------------------------- pricing:
Some firms may fix a ----------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------products or technology-sensitive products.
B. Market----------------------------- Methods:
1. -------------------------------- pricing:
A good number of firms fix the price ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------costs as the secondary.
2. ---------------------------- pricing:
In this case, the -----------------------------------------------------------------------------------------------------------------------------------------
----------------------of their costs or demand.
The going-rate pricing can be further divided into three sub-methods:
a. Competitors parity method:
A firm --------------------------------------------------- major competitor.
b. Premium pricing:
A firm may charge a little ------------------------------------------------------------ to major competitors.
c. Discount pricing:
A firm may ----------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------of price wars emerging in the market. It also reflects
the industrys coactive wisdom relating to the price that would generate a fair return.
3. Sealed-bid pricing:
This pricing is -------------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------to an advertisement.
4--------------------------------------- pricing:
Firms ---------------------------------------------- same product or service.
b. Time pricing:
Here different prices are -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------or season.
c. Area pricing:
Here different -------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------- customers.
============================================================================================
(b) What make Distribution as one of the core function in a manufacturing concern? List out and discuss
the major channels of distribution that you are familiar with suitable examples.
Distribution channels move products and services from businesses to consumers and to other businesses. Also known as
marketing channels, channels of distribution consist of a set of interdependent organizationssuch as wholesalers, retailers, and
sales agentsinvolved -------------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------of interconnected sources and destinations through which products pass on
their way to final consumers. As Production and Operations Management, a basic distribution network consists of two parts:
1) a set of locations that ---------------------------------------- (such as factories, warehouses, retail outlets); and
2) a set of routes (------------------------------------ Internet) that ---------------------- be classified as either simple or complex.
A simple distribution network is one that consists of only a single source of supply, a single source of demand, or both, along with
fixed transportation routes ---------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------on internal purchasing and inventory considerations.
Examples 1-
Example 3-
(iii) Distribution ------------------------------------ Commodity
In the figure above, the first two channels are "indirect-marketing channels".
Channel 1 contains two intermediary levels - a wholesaler and a retailer. A wholesaler typically buys and stores large quantities
of several producers' goods and then breaks into the bulk ---------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------. This arrangement tends to
work best where the retail channel is fragmented - i.e. ---------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------in the UK is the distribution of drugs.
The main point in favour of direct selling is the need to: (i) enlighten about additional features and (ii) educate the user about how
to use it.
Mercantile Agents-
Brokers
They take neither possession ------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------is over as soon as the buyer and the seller come to terms in
respect of the purchase or sale of the goods. The broker works for a certain percentage of commission on the business transacted
by him on behalf of his principal.
Commission ---------------------
They also sell goods on behalf of the sellers. ---------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------. The commission agent has to perform the
functions of warehousing, grading, packing -----------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------agent is authorised to sell on credit and
agrees to bear the risk of bad debts for some additional commission, he is known as a del credere agent.
Wholesalers
Wholesalers are those merchants -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------commodities in large quantities with a view to selling
them to retailers in smaller quantities. They assemble merchandise from many sources, warehouse and regroup the goods for
convenient buying by retailers. Thus wholesalers make it -----------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------- factory.
Retailers
A retailer is defined as "-------------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------sells in small lots".
The retailer is the last link and the most important intermediary in the chain of distribution. Mass production in the present day
set-up is geared to the requirements of ------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------. The basic feature of retail trading is the purchase
of goods from wholesalers and selling it in small lots to consumers. Thus retailing includes all activities directly related to the sale
of goods to the ultimate consumers.
The retail shop is one of the -------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------was followed by opening up of small retail shops usually
owned by sole proprietors or small ----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------and some developing countries as well.
In addition, people living in far off places are served by mail order houses who solicit business by catalogues, advertisement in
popular magazines or ----------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------countries through automatic vending machines located at
convenient places like railway stations. Milk-vending machines are now being used by Mother Diary in India.
Department -------------------
A department store is a large-scale ----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------control. Department stores offer the widest possible
choice of products. The consumer can find all what he needs in one store rather than move around from shop to shop. These stores
are located in central places in big cities ---------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------department store indulges in decentralised
buying and centralised selling. In fact, department store is a medium of mass merchandising.
-----------------------Stores
Consumers sometimes join together to form cooperative societies to sell goods on retail basis. The basic purpose is to eliminate
middlemen and obtain their --------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------in bulk. from manufacturers or wholesalers. This enables the
cooperative stores to sell their products at somewhat lower prices than the ordinary retailers. These stores usually sell on cash
basis and thus avoid the loss due to bad debts. Some examples of ------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------------------and Amudhan in
Madras.
https://ignousolvedassignmentsmba.blog.spot.in/
KIAN PUBLICATION
ignousolvedassignmentsmba@gmail.com
kianpublication1@gmail.com
ignou4you@gmail.com