Set - A Marking Guide of Project Analysis and Marketing
Set - A Marking Guide of Project Analysis and Marketing
INSTRUCTIONS:
1. Answer all questions in Section A and any two questions from Section B.
2. Clearly number your answers as they appear in the question paper.
3. Show all calculations where necessary.
4. Write legibly and adhere to the given time constraints.
1. Fundamentals of Marketing:
○ Answer: Marketing is the process of identifying, creating, communicating,
and delivering value to satisfy consumer needs. It is important in project
management because it ensures proper product positioning, customer
engagement, and competitive advantage.
2. Marketing Environment:
○ Answer: The marketing environment consists of:
■ Internal Factors: Company resources, organizational structure,
and corporate culture.
■ External Factors: Economic trends, technological advancements,
social influences, and competition.
3. Market Segmentation, Targeting, and Positioning:
○ Answer: Market segmentation is the process of dividing a broad market
into distinct subsets based on factors like demographics, behavior, and
geography. For example, a smartphone company may segment its market
into high-end users, budget-conscious users, and gamers.
4. Marketing Research:
○ Answer: The key steps in marketing research include:
■ Defining the problem
■ Developing a research plan
■ Collecting and analyzing data
■ Interpreting results
■ Making informed decisions
○ It helps businesses understand customer preferences and improve
product offerings.
5. Marketing Mix Variables:
○ Answer: The 4Ps of marketing are:
■ Product: The goods or services offered.
■ Price: The cost to the customer.
■ Place: Distribution channels.
■ Promotion: Advertising and sales tactics.
○ These elements work together to create a successful marketing strategy.
(Answer any three questions. Questions carry 15, 15, and 20 marks respectively.)
END OF PAPER