MKT Apr 2022 and (404) MKT
MKT Apr 2022 and (404) MKT
MKT Apr 2022 and (404) MKT
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[5860]-407 [Total No. of Pages
P6904 :3
M.B.A. (Semester - IV)
(403 - MKT) SC MKT - 05 : MARKETING 4.0
(2019 Pattern)
Time : 2½ Hours] [Max. Marks : 50
Instructions to the candidates:
1) All questions are compulsory.
2) Figures to the right indicate full marks.
a) coexist
b) Brand Advocacy Ratio
c) collective
d) customer reviews & testimonials
e) deleting negative comments
f) communities
g) wow moment
h) own, outer, other
Informed customers are those who are aware of their needs and wants, and who
have done their research before making a purchase. They are typically more likely
to be loyal to brands that they trust, and they are more likely to share their positive
experiences with others.
Distracted customers are those who are not as aware of their needs and wants, and
who do not take the time to do their research before making a purchase. They are
typically more likely to be influenced by impulse buys, and they are more likely to
switch brands if they find a better deal elsewhere.
Here is a table that summarizes the key differences between informed customers
and distracted customers:
In today's digital age, it is more important than ever for businesses to understand
the difference between informed customers and distracted customers. By
understanding the needs of each type of customer, businesses can better tailor their
marketing and sales strategies to reach their target audience.
Here are some additional factors that can affect whether a customer is informed or
distracted:
• Age: Younger customers are more likely to be digital natives and have
grown up with the internet. This means that they are more likely to be
informed about products and services, and they are more likely to do their
research before making a purchase.
• Education: Customers with higher levels of education are also more likely to
be informed customers. This is because they have had more opportunities to
learn about different products and services, and they are more likely to be
critical thinkers.
• Income: Customers with higher incomes are also more likely to be informed
customers. This is because they have more disposable income, which gives
them the freedom to do their research and make informed purchases.
Businesses that want to reach informed customers need to create content that is
informative and engaging. They also need to make it easy for customers to find the
information they need. For example, businesses can create FAQ pages, blog posts,
and white papers that provide detailed information about their products and
services. They can also make it easy for customers to contact customer service
with questions.
Businesses that want to reach distracted customers need to create content that is
attention-grabbing and visually appealing. They also need to make it easy for
customers to make impulse purchases. For example, businesses can use social
media, email marketing, and pay-per-click advertising to reach distracted
customers. They can also create eye-catching product displays and offer discounts
and promotions.
b) Describe how the shift from exclusive to inclusive has taken place in
the Indian context.
here is a description of how the shift from exclusive to inclusive has taken place in
the Indian context:
India is a country with a rich history and culture, and this diversity is reflected in
its consumer market. In the past, Indian businesses often catered to a specific
segment of the population, such as the wealthy or the urban elite. However, in
recent years, there has been a shift towards a more inclusive approach to marketing
and branding.
This shift is due to a number of factors, including the rise of the middle class, the
growth of e-commerce, and the increasing use of social media. The middle class in
India has grown significantly in recent years, and this has led to a demand for
products and services that are more affordable and accessible. The growth of e-
commerce has also made it easier for businesses to reach a wider audience,
regardless of their location or social status. And the increasing use of social media
has given consumers a platform to voice their opinions and preferences, which has
forced businesses to be more inclusive in their marketing and branding.
As a result of these factors, Indian businesses are now more focused on reaching a
wider audience and providing products and services that are relevant to the needs
of all consumers. This shift from exclusive to inclusive has been welcomed by
consumers, and it has helped to make the Indian market more competitive and
dynamic.
Here are some specific examples of how the shift from exclusive to inclusive has
taken place in the Indian context:
• The rise of mass-market brands: In the past, Indian brands were often
targeted at a specific segment of the population, such as the wealthy or the
urban elite. However, in recent years, there has been a rise in mass-market
brands that are targeting a wider audience. For example, brands like
Patanjali and Amul have become household names in India, and they are
popular with consumers from all walks of life.
• The growth of e-commerce: The growth of e-commerce has made it easier
for businesses to reach a wider audience, regardless of their location or
social status. This has led to a more inclusive approach to marketing and
branding, as businesses are now able to reach consumers who would not
have been able to access their products or services in the past.
• The increasing use of social media: The increasing use of social media has
given consumers a platform to voice their opinions and preferences, which
has forced businesses to be more inclusive in their marketing and branding.
For example, businesses are now more likely to use social media to promote
products and services that are relevant to the needs of all consumers,
regardless of their gender, religion, or social status.
The shift from exclusive to inclusive is a positive development for the Indian
market, as it has made the market more competitive and dynamic. It has also made
it easier for businesses to reach a wider audience and provide products and
services that are relevant to the needs of all consumers.
c) Explain the transformation from 4Ps to 4Cs.
here is an explanation of the transformation from 4Ps to 4Cs:
The 4Ps of marketing are product, price, place, and promotion. These are the four
elements that businesses use to create and deliver value to their customers. The
4Cs of marketing are customer, cost, convenience, and communication. These are
the four elements that businesses use to understand and satisfy their customers.
The 4Ps were developed in the 1960s, and they were a good fit for the marketing
environment of that time. However, the marketing environment has changed
significantly since the 1960s, and the 4Ps are no longer as effective as they once
were.
The 4Cs were developed in the 1990s, and they are a better fit for the current
marketing environment. The 4Cs focus on the customer, and they take into account
the changing needs and wants of consumers.
Here is a table that summarizes the key differences between the 4Ps and the 4Cs:
4Ps 4Cs
Product Customer
Price Cost
Place Convenience
Promotion Communication
The 4Cs are a more customer-centric approach to marketing, and they are more
effective in today's marketing environment. Businesses that adopt the 4Cs are
more likely to understand and satisfy their customers, which can lead to increased
sales and profits.
Here are some examples of how the 4Cs can be used in marketing:
By following these steps, you can create an omni-channel marketing strategy that
will help you reach your customers wherever they are and deliver a seamless
customer experience.
OR
b) India has transformed from traditional to digital market. Elaborate the
statement with the help of relevant examples.
here are some of the ways in which India has transformed from a traditional to a
digital market:
These are just a few of the ways in which India has transformed from a traditional
to a digital market. The growth of the digital market in India has had a significant
impact on the way businesses operate, the way consumers shop, and the way
people communicate.
Here are some examples of how businesses have adapted to the digital market in
India:
The growth of the digital market in India has created new opportunities for
businesses and consumers alike. Businesses that are able to adapt to the digital
market will be well-positioned to succeed in the future.Q4) a) "Screens are
becoming so important in our lives." Assess the statement in context of penetration
of internet connectivity.
The statement "screens are becoming so important in our lives" is certainly true in
the context of the penetration of internet connectivity. With more and more people
having access to the internet, screens are becoming the primary way that we
interact with the world around us.
There are many reasons why screens are becoming so important. First, they allow
us to stay connected with friends and family who live far away. We can use them
to chat, video call, and share photos and videos. Second, screens give us access to
a vast amount of information. We can use them to learn about anything we want,
from cooking to coding to history. Third, screens provide us with entertainment.
We can use them to watch movies, TV shows, and play games.
The penetration of internet connectivity has only accelerated the importance of
screens in our lives. In 2022, over 60% of the world's population has access to the
internet. This means that billions of people have the ability to connect with the
world around them through screens.
Of course, there are also some downsides to the increasing importance of screens.
For example, too much screen time can lead to problems such as eye strain,
obesity, and social isolation. However, the benefits of screens outweigh the risks
for most people.
Overall, the statement "screens are becoming so important in our lives" is true.
With the increasing penetration of internet connectivity, screens are becoming the
primary way that we interact with the world around us. This trend is likely to
continue in the years to come.
Here are some additional thoughts on the importance of screens in our lives:
Of course, it is important to use screens in moderation. Too much screen time can
have negative consequences for our health and well-being. However, when used
wisely, screens can be a powerful tool for learning, productivity, and connection.
OR
For example, the hashtag #CheetosChallenge went viral in 2016, and it helped to
boost sales of Cheetos by 11%. The challenge involved people eating Cheetos and
then posting photos of their orange fingers on social media. This hashtag was so
effective because it was easy to remember and use, and it created a sense of
community among Cheetos fans.
Another example is the hashtag #ShareACoke. This hashtag was launched by
Coca-Cola in 2016, and it encouraged people to share photos of themselves with
personalized Coke bottles. This hashtag was so successful because it was relatable
and heartwarming. It showed that Coca-Cola understood the importance of
connecting with people on a personal level.
These are just two examples of how hashtags can be used to promote products,
services, and brands. Hashtags are a powerful tool that can be used to reach a large
audience and create a sense of community. They are the new tagline, and they are
here to stay.
Here are some other examples of how hashtags are being used by brands:
• Nike: Nike uses the hashtag #JustDoIt to promote its products and its brand
message of empowerment.
• Starbucks: Starbucks uses the hashtag #MyStarbucksMoment to promote its
coffee and its brand message of community.
• Disney: Disney uses the hashtag #DisneyMagic to promote its theme parks
and its brand message of wonder and excitement.
These are just a few examples of how hashtags are being used by brands to
connect with consumers and promote their products and services. Hashtags are a
powerful tool that can be used to reach a large audience and create a sense of
community. They are the new tagline, and they are here to stay.
Youth are particularly important for marketers because they are more likely to be
early adopters of new products and services. They are also more likely to be active
on social media, which gives them a platform to share their opinions and
experiences with others.
Women are also important for marketers because they are more likely to be the
primary decision-makers for household purchases. They are also more likely to be
influenced by social media and word-of-mouth, which makes them a valuable
target for advocacy marketing.
Netizens are people who are active online, and they are often early adopters of new
technologies and trends. They are also more likely to be interested in sharing their
opinions and experiences with others, which makes them a valuable target for
advocacy marketing.
There are a number of reasons why YWN are more likely to be advocates for
brands. First, they are more likely to be connected to others online, which gives
them a platform to share their positive experiences with brands. Second, they are
more likely to be interested in new products and services, which makes them more
likely to be early adopters. Third, they are more likely to be influenced by social
media and word-of-mouth, which makes them more likely to be persuaded by
positive reviews and recommendations.
Of course, not all YWN are equally likely to be advocates for brands. Some factors
that can influence the likelihood of advocacy include the brand's reputation, the
quality of the product or service, and the customer's personal experience with the
brand. However, in general, YWN are a valuable target for advocacy marketing
because they are more likely to be connected, interested, and influenced.
Here are some tips for marketers who want to increase advocacy among YWN:
By following these tips, marketers can increase the likelihood that YWN will
become advocates for their brands.
OR
Here are some specific examples of how cab aggregators like Ola and Uber can
create WOW!Moments with customer engagement:
• Ola could offer a free ride to a customer who has their birthday on a
particular day.
• Uber could suggest rides to customers based on their past travel history.
• Both Ola and Uber could use social media to run contests where customers
can win free rides.
• Both Ola and Uber could use technology to track the customer's location and
suggest rides that are based on the customer's current location.
By following these strategies, cab aggregators can create WOW!Moments that will
keep customers coming back for more.
In addition to the above, here are some other factors that cab aggregators can
consider to create WOW!Moments:
• The quality of the customer service: Cab aggregators should ensure that
their customer service is top-notch. This means being responsive to
customer queries, and resolving issues quickly and efficiently.
• The cleanliness of the cars: Cab aggregators should ensure that their cars are
clean and well-maintained. This will give customers a positive first
impression, and it will make them more likely to use the service again.
• The safety of the rides: Cab aggregators should ensure that their rides are
safe. This means conducting background checks on drivers, and providing
customers with the option to share their ride details with a friend or family
member.
By focusing on these factors, cab aggregators can create WOW!Moments that will
keep customers coming back for more.
404 MKT : MARKETING STRATEGY
(2019 Pattern) (Semester - IV)
By understanding the five forces, retailers can develop strategies to mitigate the
threats and take advantage of the opportunities in the retail industry.
Here are some additional thoughts on the use of Porter's Five Forces Model for the
retail industry:
• The five forces can be used to assess the competitive landscape of the retail
industry.
• The five forces can be used to identify opportunities for growth and
expansion.
• The five forces can be used to develop strategies to mitigate the threats in
the retail industry.
By understanding the five forces, retailers can make better decisions about how to
compete in the retail industry.
here is a BCG Product Portfolio Matrix for a soft drink provider (Coca-Cola):
Cash Cows: These are products that have a high market share in a slow-growing
market. They generate a lot of cash, but they don't require a lot of investment.
Examples of cash cows for Coca-Cola include Sprite, Fanta, and Dasani.
Stars: These are products that have a high market share in a growing market. They
require a lot of investment, but they also generate a lot of cash. Examples of stars
for Coca-Cola include Coca-Cola Zero Sugar, Diet Coke, and Powerade.
Question Marks: These are products that have a low market share in a growing
market. They require a lot of investment, but they may not generate a lot of cash.
Examples of question marks for Coca-Cola include Simply Orange, Honest Tea,
and Fairlife.
Dogs: These are products that have a low market share in a slow-growing market.
They generate very little cash and require a lot of investment. Examples of dogs
for Coca-Cola include Tab, Schweppes, and Vault.
The BCG Product Portfolio Matrix is a tool that can be used to help soft drink
providers make decisions about their product portfolio. By understanding the
different types of products in their portfolio, providers can make better decisions
about how to allocate resources and how to grow their business.
Here are some additional thoughts on the BCG Product Portfolio Matrix for a soft
drink provider:
• The matrix can be used to assess the current state of the product portfolio.
• The matrix can be used to identify opportunities for growth and expansion.
• The matrix can be used to develop strategies to mitigate the threats in the
soft drink industry.
By understanding the BCG Product Portfolio Matrix, soft drink providers can
make better decisions about how to compete in the soft drink industry.
These are just some of the most common organizational specific strategies. The
best strategy for a particular organization will depend on the organization's goals,
resources, and competitive environment.
Here are some examples of companies that have used these strategies successfully:
Here are some specific examples of how supermarket retailers can use marketing
databases:
• To create targeted marketing campaigns: By segmenting their customer base
and targeting specific groups of customers with relevant marketing
messages, supermarket retailers can improve the effectiveness of their
marketing campaigns.
• To improve customer service: By tracking customer purchase history and
preferences, supermarket retailers can provide more personalized customer
service.
• To increase sales: By analyzing sales data and trends, supermarket retailers
can identify opportunities to increase sales.
• To improve product assortment: By tracking product sales and inventory
levels, supermarket retailers can ensure that they are stocking the products
that their customers want.
• To make better business decisions: By analyzing marketing data,
supermarket retailers can make better decisions about pricing, promotions,
and other marketing initiatives.
Here are some additional thoughts on the use of marketing databases for
supermarket retailers:
By following these guidelines, supermarket retailers can ensure that they are using
their marketing databases effectively.
• Own the supply chain: Apple could acquire or invest in companies that
supply components for the iPhone, such as display makers, chipmakers, and
battery manufacturers. This would give Apple more control over the quality
and cost of its components, and it could also help Apple to reduce its
reliance on third-party suppliers.
• Own the retail channel: Apple could open its own retail stores, or it could
acquire existing retail chains. This would give Apple more control over the
customer experience, and it could also help Apple to generate more revenue
from selling accessories and other products.
• Offer services: Apple could offer services that complement the iPhone, such
as cloud storage, music streaming, and mobile payments. This would help
Apple to generate more revenue from the iPhone, and it would also help
Apple to lock in customers.
By pursuing a vertical integration strategy, Apple could gain more control over its
products and services, and it could also generate more revenue from the iPhone.
Here are some of the potential benefits of vertical integration for the iPhone:
• Better control over quality: By owning the supply chain, Apple could ensure
that the components used in the iPhone are of the highest quality. This
would help to improve the overall quality of the iPhone, and it could also
help to reduce the number of recalls and warranty repairs.
• Lower costs: By owning the retail channel, Apple could reduce the costs of
selling the iPhone. This would help to increase the profit margins on the
iPhone, and it could also help to make the iPhone more affordable for
consumers.
• Increased revenue: By offering services that complement the iPhone, Apple
could generate more revenue from the iPhone. This would help to boost
Apple's profits, and it could also help to make the iPhone more attractive to
consumers.
However, there are also some potential risks associated with vertical integration:
b) Design a five step process for choosing attractive market segments for a
clothing brand.
here are the five steps for choosing attractive market segments for a clothing
brand:
1. Define the target market: The first step is to define the target market. This
includes identifying the demographic and psychographic characteristics of
the people who are most likely to be interested in the brand's products.
2. Analyze the market: The next step is to analyze the market. This includes
identifying the size and growth potential of the market, as well as the level
of competition.
3. Identify market segments: The third step is to identify market segments.
This involves dividing the target market into smaller groups of people who
share similar needs and wants.
4. Evaluate market segments: The fourth step is to evaluate market segments.
This involves assessing the attractiveness of each segment based on factors
such as size, growth potential, and competition.
5. Select market segments: The fifth and final step is to select market
segments. This involves choosing the segments that are most attractive to
the brand.
Here are some additional thoughts on the process of choosing attractive market
segments for a clothing brand:
• The process should be data-driven. The brand should collect and analyze
data about the target market, the market, and the market segments.
• The process should be flexible. The brand should be prepared to adjust its
target market and market segments as the market changes.
• The process should be focused on the brand's strengths. The brand should
choose market segments that match its strengths and capabilities.
By following these steps, the brand can choose attractive market segments that are
likely to be successful.
Here are some examples of market segments that might be attractive for a clothing
brand:
• Geographic segments: This could involve targeting people in a particular
region, city, or neighborhood.
• Demographic segments: This could involve targeting people of a certain
age, gender, income level, or education level.
• Psychographic segments: This could involve targeting people with a
particular lifestyle, personality, or values.
• Behavioral segments: This could involve targeting people who have a
particular interest in fashion, or who are likely to buy clothes online.
By targeting attractive market segments, the clothing brand can increase its
chances of success.