Explain And Outline The Main Methods Of Above-The-Line Promotion

The relationship between affinity towards global brands and brand preferences have acknowledged by recent studies (Sengupta, 2014). Therefore, this study analyzes how the brand is recognized, how the brand is appraised and to what extent consumers are entrust to the

And why companies follow this concept ? Cause Related Marketing (CRM) : “is a type of corporate social responsibility in which a company promotional campaign has a dual purpose of increasing profitability while bettering society” . many companies employ cause related marketing strategies that link product sale to the support of a charity to create and maintain brand images .Companies that follow cause related marketing concept trying to attract consumers wanting to make a difference in society trough their purchasing. Barone, M. J., Norman, A. T., & Miyazaki, A. D. (2007).

In addition companies need to deliver their products while keeping cost effectiveness in consideration. If they understand the perceived benefits of their target audience and are able to engage with them on a personal level, they can attain customer satisfaction and ultimately can have increased sales. In conclusion, conveying Unique Value proposition clearly to the customers could be a complete win/win for any business. Brand equity Formal Definition: The commercial value that derives from consumer perception of the brand name of a particular product or service, rather than from the product or service itself.

They are responsible for retail store tracking, bringing in new inventory based on consumer demand, creating sound financial plans that reduce company spending, and increase overall profit (Bordelon). Since the main goal of a Merchandise Planner is customer satisfaction their job can be best described as “being a liaison between the customer and the marketing and buying department, ensuring what the customer wants is available” (Bordelon). They review forecasts, use past performance to make projections, make recommendations for promotional markdowns, and manage inventory to maximize profitability. Additionally, merchandise planners research market trends to increase create more attractive

1. Explain to Mrs. Wen what CRM is and how CRM is different from traditional marketing. Customer Relationship Management (CRM) is a term that refers to practices, technologies, and strategies that organizations use to oversee and analyze customer interaction and information. This is done through use of the consumers’ lifecycles, with the objectives of enhancing business relationships with customers, helping with customer retention, and increasing profitability. It is basically a system created by the company to interact with its customers effectively and efficiently.

This system helps management judge how to sequence production to make a profit and create value for stakeholders. Sainsbury uses the operational information system to program and manage various operations to make decisions to improve the quality of goods and services. The Decision Support System: TheSainsbury uses the decision support system to make decisions related to marketing and finance to improve sales through the quality and image of the brand to attract more customers. The decision support system analyses, examines data on marketing, sales and finance to judge which decisions can add value to the business and stakeholders.

Such a practice must include a conscious attempt by the companies in question to apply moral principles when they are dealing with clients or other customers, especially when it comes to the production, pricing, and promotion of their goods or services. Some ethical issues are universal, while some are derived from the culture and beliefs of various people. Since marketing is oftentimes the first line of information a person receives about a certain product or company, it is extremely pertinent for the extended life of the company who is making or producing that certain product or is representative of that company, to be honest in their approach to the public. If they are unethical if they prey on weakly minded customers and other related parties then the company would surely suffer. There many different types of notwithstanding unethical marketing are such as surrogating, stereotyping women, and false comparisons.

The goal of relationship marketing is to create strong, even emotional, customer connections to a brand that can lead to ongoing business, free word-of-mouth promotion and information from customers that can generate leads. As opposed to relationship marketing, transactional marketing is an approach that is short term based focusing on acquiring new customers and making a sale. Further, the difference between companies that adopt to relationship marketing and companies that adopt to transactional marketing can be explained as below.

Promotion Generally, promotion is communicating with the public in an attempt to create awareness and persuade them toward buying products and/or services. The word promotion is also used specifically to refer to a particular activity that is intended to promote the business, product or service. Promotion means a method is used for getting people to create awareness among people about products or services being offered by the company. Advertising, public relations, point-of-sale displays, and word-of-mouth promotion are all traditional ways for promotion. Promotion is the method for providing the link of information between the seller and prospects of the products or services..

• Consumer attitudes and buying patterns • Your brand strategy • Your competitive strategy • Your advertising strategy • Other external factors that can influence products availability and pricing. There are three types of sales promotion strategies: • A push strategy • A pull strategy or • A combination of the two A Push Strategy: A ‘push’ sales promotion strategy involves ‘pushing’ distributors and retailers to sell your products and services to the consumer by offering various kinds of promotions and personal selling efforts.

These actions made a strong balance sheet. Another goal of Hill Country was to deliver products that consumers wanted to purchase. They achieved this by using customer feedback