This presentation discusses the marketing mix for two different segments in consumer markets for Vodafone UK. It also explores the difference between B2B and B2C marketing for Vodafone UK and why national and international marketing differs in the case of Vodafone UK.
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Marketing Principles
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4.1 Plan marketing mix for two different segments in consumer markets for Vodafone UK ElementsDescription ProductThemajorproductofVodafoneUKishand-setswhichhas4inbuilt applications. PricePrice penetration strategy will be adopted. PlaceDirect retail stores as well as online sources can be selected to distribute the products. PromotionIn order to promote the mobile hand-sets, Vodafone UK needs to select social media websites.
4.2 Difference between B2B and B2C marketing for Vodafone UK •B2B marketing and B2C marketing both have several differences and both emphasizes on different aspects so that products can be sold suitably to the customers. •B2B is the concept wherein business entity engages with other organization and sell the products as per the conditions prevailing in the market place. •However, on the other hand B2C is the concept in which business entities directly delivers the products to the end users.
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Contd.. •In the marketing of B2C, companies have to mainly focus on serving best quality products and services. This has a direct impact on customer satisfaction and as a result it also aids in amending customer base. •For instance – for Vodafone UK sells its mobile handsets directly to the consumers, then this will be a B2C marketing. However, if the business delivers the products to other telecom industry, then it will be a B2B segmentation.
4.3 Show why national and international marketing differs in the case of Vodafone UK •At the time of enhancing the business products and services, Vodafone UK is required to focus on level of competition as that has a direct impact on services of the organization. •International and national marketing differs with each other in many ways such as on the basis of scope, competition, technological reach and availability of benefits. •As far as technology is concerned, Vodafone UK can get many benefits after entering into global market place; however the opportunities are less in the case of domestic market place.
Contd.. •International marketing has many competitors; therefore Vodafone UK would be experiencing huge competition while operating business in global market. •International marketing faces intense competition due to high degree of foreign competitors. On the other hand the level of competition is not that powerful in the case of domestic marketing. Therefore, accordingly Vodafone can manage its services in international market.
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References •Dibb, S. and Simkin, L., 2013.Market Segmentation Success:Making It Happen. Routledge. •Doole, I. and Lowe, R., 2008.International marketing strategy: analysis, development and implementation.Cengage Learning EMEA. •Ferrell, C. O., and Hartline, D. M., 2010.Marketing Strategy. 5thed. Cengage Learning. •Fifield, P., 2012.Marketing Strategy.2nded. Routledge. •Ham, V. P., 2008. Place Branding: The State of the Art.Annals of the American Academy of Political and Social Science, 616, pp.126-149. •Handlechner, M., 2008.Marketing Strategy. GRIN Verlag. •Heding, T., and et. al., 2008.Brand Management: Research, Theory and Practice. 2nded. Routledge. •Hermann, S. 2009. The crisis and customer behaviour: eight quick solutions. Journal of Customer Behaviour. 8(2). pp. 177-186.