This resit task for EBSC7300 Marketing Management covers various aspects of brand management such as brand history, culture, target audience, consumer insights, and more. The task also discusses the importance of competition and market research, media channels, and budget and timings in marketing management.
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EBSC7300 Marketing Management resit task
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TABLE OF CONTENTS .........................................................................................................................................................1 MAIN BODY...................................................................................................................................3 REFERENCES................................................................................................................................5
MAIN BODY ParticularsStatements Brand history and overviewLogo and thetag-line are the two major elements that describes thathistory related to the product andhelps the consumersidentifies the product from one brand to another.Forinstance:Thelogoofcococolais remained the sameover the years due to which most of the customers are easily able to identify and connect with the brand against competitors. Brand culture , purposeand brand personality Elements like thehonesty and reliabilityhelpsthe consumers to know the brandvalue and image in the market (Dončić and et.al., 2019). Also,through the brand honestygreater customer satisfaction levelis developed so thatpeople trustthe products and its contents are are readyfor even repeated purchases that will ultimately increase sales of the business. Target audience and competitorsIncome levels and age aretwo most importantaspect thathelps the brand to sustain in the market for longer timeperiod.Also,theproductsofbrandare manufactured and sold on the basis of the income levels of the people. Moreover,on the basis of the age group the productscontents and trends theproduct is sold in the market Consumer insightData quality andconsumer research is very crucial elements . Also,throughcollected targeted samples anddata capturedata qualityplays very important role (Chonko and Hunt, 2018). Moreover,through consumer researchrecent trends , customer demands and the perception of consumer behaviour are identified
closely that is essential forthe growth and success of any brand in the target market. Current brand situation and why we need to advertise Focusoncompetitionandmarketresearcharetwo elementsin this point.Also through focusing on the competitionthe brand is able to know about the ways through which marketing strategies might be used to promote the product in the market. Moreover,market research would help in knowing the brand positionin the target market. Businessobjectives,marketing objectives,communications objectives SMART objectives and common purpose are the main elementsunder this head. Also,the gaols that are set by thebrandneed to be specificand measurable so that progress might be analysed (Visconti, Peñaloza and Toulouse, 2020). Also,all the gaols need to have the common purpose towards achieving specified objective sothatthereisnowastageofresourcesand unnecessary cost within the business Media channelsTimeliness andconflicts are the two main elementsof the media channels that helps in identifying whether the information provided is been on regular basis . Also, it helps in identifying thecontent of informationor subject matter so thatit does not create any type of conflictswithinanygroupofpeopleorhurtthe sentiments of any party that affect the revenues of the business in the future Budget & timingsIncomeandcontrollingmeasuresarethetwo main elements within any brand. Also,income helps in analysingthetotalbudgetsorresourcesthatare available with the firm to undertake various activities in the business. Moreover, the brand that has set best
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controlling measure ensures thatwork is carried out systematically and chances of errors are very less.
REFERENCES Books and Journals Chonko, L. B. and Hunt, S. D., 2018. Reflections on ethical issues in marketing management: An empirical examination.Journal of Global Scholars of Marketing Science.28(1).pp.86- 95. Dončić, D. and et.al., 2019. Economic analysis of wheat production and applied marketing management.Agriculture & Forestry. 65(4). pp.91-100. Visconti, L. M., Peñaloza, L. and Toulouse, N. eds., 2020.Marketing management: A cultural perspective. Routledge.