Section 10.1
Complete the following using the Internet to help (try to limit this):
- List five internal influences on a business’ marketing decisions
- List five external influences on a business’ marketing decisions
- Discuss five decisions regarding marketing that might need to be made for a typical business (try to relate to four P’s)
- What is a typical strategic decision?
- What is a typical tactical decision?
- What is a SWOT analysis?
- What is a PESTLE analysis?
- Complete a SWOT analysis for Waitrose
- Complete a Pestle analysis for Waitrose
- What is meant by the term ‘competitive advantage’?
- What is a target market?
- How can target markets change?
- What is meant by the macro environment (in marketing)
- What is meant by the micro environment (in marketing)
- What is competition for a business?
- List five:
- Social
- Cultural
- Environmental
- Economic influences on a business
Section 10.2
Complete the following using the Internet to help (try to limit this):
- What are the key stages in a product life cycle?
- How are marketing strategies changed through the product life cycle?
- When is marketing likely to be at its strongest?
- What is the Ansoff tool used for?
- What is the Boston Consulting Group matrix?
- How can a product be developed?
- Name one brand who has developed a wide range of products
- How can pricing be developed?
- Name the different methods of pricing available to a business?
- What promotional strategies are available to a business?
- What is a USP?
- What is meant by the term ‘above the line’?
- What is meant by the term ‘below the line’?
- What distribution methods are available to a business?
- Name five different target market audiences
Section 10.3
- Name different methods of research that a business can complete?
- What is meant by ‘size, shape and dynamics’ of a market?
- Define market research
- Which methods of market research can be used to help:
- Price
- Product
- Place
- Promotion
- How can a company produce information itself?
- What is qualitative research?
- What is quantitative research?
- What is sampling?
- What’s the difference between primary and secondary research?
- What is
- Desk research
- Field research
- Random sampling
- Sampling frame
- Stratified sampling
- Quota sampling
- Cluster sampling
Section 10.4
- Name and discuss five campaigns that you have read or researched
- How do companies try to make their campaigns stick out?
- How can companies discover how successful their campaigns are
- Why is it important for a business to monitor their performance?
- State how one company you have looked at has identified their target market
- State one company whose target market has shifted dramatically
- Discuss the marketing processes undertaken from a business of your choice
- List 10 constraints on a marketing campaign