Explain your reasoning using marketing principles

Assignment Help Marketing Management
Reference no: EM131179060

You are a marketing manager for a local company and you are developing a plan to improve customer relationships and increase satisfaction.

Select one of the following types of local companies:

Florist
Veterinarian
Health/Natural Food Store
Accounting/Tax Preparation

Create a 2,100-word Customer Satisfaction Plan in which you include the following:

Explain how each type of business might segment the local market based on consumer/business demographic information, behaviors, psychographics (attitudes, interests, and lifestyle), geography, and/or product or service benefits. Support your explanation with documented facts and statistics.

Develop a strategy for attracting the target audience to the selected business and explain your reasoning using marketing principles and sound marketing concepts. As part of this strategy, select one of the segments you identified as the main target audience for that business.

Develop a strategy for building long-term relationships and strong customer loyalty between the selected business and the target audience using Customer Relationship Management (CRM), personal communications/direct marketing, social media, events, publicity, and/or frequency marketing/rewards ideas.

Explain each strategy and its related goal(s).

Discuss some of the tactics that could be used to implement the strategy with reasons for selecting each tactic.

Discuss at least three potential methods of measuring customer satisfaction and loyalty, with examples of the types of questions that might be explored if a conversation or survey were to be one of your options.

Develop one or more messages for initially attracting the target audience and then for maintaining a strong, mutually-beneficial relationship.

Cite at least six scholarly references.

Format your paper consistent with APA guidelines.

Reference no: EM131179060

Questions Cloud

Critically evaluate how service quality models can be useful : Critically evaluate how service quality models can be useful in sustaining customer relationships. Illustrate your answers with examples from commercial business situations
Find the equilibrium price and quantity in the market : The market for a good has a demand curve given by: P = 100 - 2Q, And a supply curve given by: P = 10 + Q,  Find the equilibrium price and quantity in the market
How many partial functions are there from a set : How many partial functions (see Definition 13 of Section 2.3) are there from a set with m elements to a set with n elements, where m and n are positive integers?
Compute the discounted payback statistic for project : Compute the Discounted Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 11 percent and the maximum allowable discounted payback is..
Explain your reasoning using marketing principles : Develop a strategy for attracting the target audience to the selected business and explain your reasoning using marketing principles and sound marketing concepts. As part of this strategy, select one of the segments you identified as the main targ..
Understanding of the poisson and negative exponential : Please use your understanding of the Poisson and negative exponential probability distributions toaddress the following 1. What is the probability that no customers enter the teller system during a 3-minute periodbetween 3:00 P.M. and 4:00 P.M.? Fi..
Tax consequences to a and b from the first year of operation : Create AB partnership's balance sheet as of formation on January 1, 2015 in including partners' basis and capital accounts.-
What are the equilibrium price of brazilian coffee beans : Below is the graph of the domestic Supply and Demand (Graph 2.a.) for Brazilian Coffee beans. From the supply and demand schedules above, what are the equilibrium price and quantity of Brazilian Coffee beans?
How many different variables can be named in c : how many different variables can be named in C? (Note that the name of a variable may contain fewer than eight characters.)

Reviews

Write a Review

Marketing Management Questions & Answers

  Who that is new to the community try to capture the

who that is new to the community try to capture the follower segment? how would this strategy differ in trying to

  Summarize the article with particular emphasis

Summarize the article with particular emphasis on the specifics of the B2B model. With an eye on the article, compare how the B2B vs. B2C models operate different strategically. Relationship building is particularly important in the B2B world. How do..

  Penetration of trash compactors in american homes

1.The product manager of GE is reviewing the penetration of trash compactors in American homes.

  Prepare a business report on apple iphone4

Prepare a business report on Apple iPhone4

  Ethical issues that managers should be aware

At least 2 ethical issues that managers should be aware of when managing their sales reps for your selected company. Explain the appropriate response that should be taken in each case

  Demographics and psychographics of target market

Identify the target market for your shampoo IN DETAIL. Describe the demographics and psychographics of the target market separately by giving some specific examples of your own.

  Public relations

public relation tool, Describe publics

  Select an organization with which you are familiar and

write a 1400- to 1750-word paper in which you describe the elements of the marketing mix product place price and

  Development and marketing of products

Development and marketing of products can be the role of any business manager. As a business manager, you should think about product development

  Challenge in domestic and international settings

Training and development can be a challenge in domestic and international settings

  Mass marketing to show off a new product

Mass marketing is a valuable tool to businesses and a viable way to build a profitable brand. Many companies rely heavily on modern marketing techniques such as social media, which is one way that mass marketing can increase specific brands profit..

  Would you advise an employer that operates retail clothing

1q. would you advise an employer that operates retail clothing stores to drug test? if so under what circumstances?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd