MKT10007 Fundamentals of Marketing Assignment
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
MKT10007 Fundamentals of Marketing Assignment
MKT10007 Fundamentals of Marketing
Assignment 1: “What is Marketing?”
Task Description + Template + Rubric.
Word limit: 800 (+/- 10% = between 720 and 880 words. Words above 1,000 will not be marked. (Cover Sheet, tables, diagrams and pictures are not included in the word count.)
This assignment will help you to achieve these Unit Learning Outcomes;
- Demonstrate a broad understanding of the major conceptual and theoretical principles upon which the practice of marketing is based.
- Demonstrate a general understanding of marketing management tasks and of how marketing fits into the organisational environment and interacts with diverse environments.
- Not applicable to this Assignment.
- Work effectively as an individual or a team member to communicate effectively whether orally or in writing.
In this Assignment you will write about how brands used elements of “the marketing mix” – the 4 P’s (product, place, price, promotion) to influence your purchase decision for a product. Assignment 1 is an introduction to marketing. In Assignment 4, your final assignment, you will demonstrate that over the semester you have developed a sophisticated understanding of marketing. The table below summarises key points for Assignment 1. Note that later Assignments will have different requirements (for example; the need to cite references).
Assignment 1 Write about the 4Ps and your own purchase experience. Write in your own words. You will not use any marketing theories and concepts, except for the ones used in this Template. Write in the past tense.
For statements of facts you will write in the third person (passive voice), e.g. “the product is packaged in…” When you are writing about your opinions, and the things you think, experienced and felt, you will write in the first person (active voice), for example “In my experience the packaging influenced my buying decision as follows;….“.
Write only about your own purchase experience. Do not do any additional research. Therefore, you will not need to give any References.
- Identify a product, that you have recently purchased, which cost $20 or less.
- The item you buy must be a physical product (a “good”) and not a service.
- The individual item you buy is termed an SKU = Stock Keeping Unit = the individual item for made available for you to purchase.
- Choose a pre-packaged item from the supermarket or pharmacy. Do not choose a fast food or similar item (because it includes service elements that are outside the scope of this assignment). So, NOT McDonald’s, NOT Boost juice or other fast foods. NOT ALDI or House Brands.
- Use the Template provided on the following pages to write about your product purchase. Save the Template in Word format on your computer. Then retain the Headings and sib-headings, type your answers under the questions & instructions. Then delete the questions & instructions. Then clean-up your document. This method ensures that you cover all the required points for the Assignment.
- Use the example provided (Assignment 1 Sample) to help you understand what is required in this Assignment. Complete all sections of the template.
- Submitting your Assignment; Please follow the Instructions on Blackboard.
- Introduction to the Report; (50 words)
- State the purpose of the report; to explain, based on my purchase experience, how effectively the marketing managers used elements of “the Marketing Mix” – the 4 P’s to influence my purchase decision.
- Clarify key terms; Marketing Mix (4Ps), Category & Sub-Categories, Brand Positioning.
- State the scope (the subject and the extent) of the report; my purchase of (SKU) on (Date) at (Place of Purchase).
- The Body of the Report (which consists of points 1 to 3 below).
- The product category (50 words) Write a paragraph or two, which answers the questions below: –
- First, clearly state what product (a physical product (a “good”) not a service) you have chosen.
- Secondly, identify the product category. The product category is “a grouping of products, often at retail level, which may be substitutes for each other or in some way supplement each other.” (Kotler et al 2013 pg. 687) For example; Beverages.
- Identify some sub-categories within the category. For example, Beverages may have sub-categories including soft-drinks, bottled water, juices.
- The 4Ps
Provide information about the Marketing Mix 4P’s for the product you purchased by answering the following questions.
2.1 Product (125 words) Write a paragraph or two that answers the questions below:-
- Describe the appearance of the product,
- Explain why you buy this product.
- Describe how you would use this product.
- Describe how it is packaged.
- Describe how the packaging influenced your purchase decision.
2.2 Place (125 words) Write a paragraph or two that answer the questions below: –
- Describe how widely available the product is. Would you say it is easy to find?
- Describe the place (the shop or website) where you bought the product. If in a shop, what kind (pharmacy, supermarket etc.)? If online, what type of website (supermarket or other multi-brand site, or a one-brand site)?
- Describe the product display. Where was the SKU located within the Category display – eye level on the left? In an aisle-end display? Near the cash register?
- Describe whether or how you think the product display influenced your purchase decision.
2.3 Price (125 words) Write a paragraph or two regarding the price for this product.
- Describe the price of the product. Note; Pricing data from retail outlets; always state the name and location of the store, and the date when you collect the information.
- Compare the price of this product with competitor products. Note; when comparing prices, make sure that the prices are presented for the same package size, or in standard units (e.g. cents per milliliter) or as an Index where your brand equals 100.
- Describe how you think the price influenced your purchase decision.
2.4 Promotion (125 words) Write a paragraph or two regarding the promotion for this product.
- Describe any discounts on the price, or special offers.
- Do you recall having seen this product advertised? If so, where? (TV, radio, magazines, Internet etc.)
- Describe how you think the promotional price, the product display, and/or the advertising influenced your purchase decision.
- Brand (125 words) Write a paragraph or two which answers the questions below.
(a) What kind of people do you think this brand would appeal to? How did the 4Ps tell you this?
For example, Arnott’s Teddy Bear biscuits; the brand is likely to appeal to parents with young children. Firstly, the brand must appeal to children, as the users/end-consumers. We can deduce this from the packaging, which is clearly designed to appeal to young children. Refer to the picture below: –
http://www.sanza.co.uk/pics/arnotts_teddy_bear_chocolate.jpg , accessed 21/12/15
However, young children would not be the buyers, instead their parents would be the buyers on their behalf. Further inspection of the 4Ps shows that they are designed to appeal to the parents in their role as buyers because the Price is inexpensive, the Product is simple and reasonably healthy (as far as treats go anyway) for young children, the Place is supermarkets and convenience stores (where the parents would shop for groceries) and the Promotion is through the packaging, POS and children’s media.
(b) If this brand were a person, what sort of person do you think it would it be? Justify your answer by analyzing the 4Ps – why do you think this?
ONLY HUMANS >>>>>>>>>Here you need to consider the 4Ps and the packaging and imagine the brand as a person*. For example, if Arnott’s Teddy Bear biscuits were a person the brand could be a kindly, caring parent, grandparent, aunt or uncle perhaps.
(“Brand as a person” for adults requires that the brand be a human. However, it can be that in the imagination of a child the brand could be a non-human character such as a friendly Teddy Bear who the children would like to play with, or a kindly, caring Grandma Bear perhaps. From the marketer’s point-of-view, it is quite acceptable to have children see the brand as a non-human “person”.)
Note also that from the marketing managers’ point-of-view this brand must have a brand personality to whom the parents would entrust their children. (Looking at this another way; would you leave your children alone with Jack Daniels (Jack Daniels as a person, not the whiskey!)? Probably not, but with Grandma Bear? Probably yes.) For further inspiration see here >>> “if Google were a guy” https://www.youtube.com/watch?v=YuOBzWF0Aws .
*Do NOT describe the people you think would be likely to buy the product, those people are the target consumers – you discussed this in part 3a) above.
(c) What do you think is this brand’s Positioning? (“Positioning; Arranging for a product to occupy a clear, distinctive and desirable place relative to competing products in the minds of target consumers” (Kotler et.al. (2013) pg. 686).
For example; for Arnott’s Teddy Bear biscuits; the Positioning could be “an ideal treat biscuit (= what is the product) which young children love (= for whom/” target consumers”) because of the taste and the friendly teddy bear character (= why/”clear, distinctive and desirable”), and which parents like to buy (= for whom/”target consumers”) because it is reasonably healthy, inexpensive and convenient (=why/”clear, distinctive and desirable”) to buy as part of their regular shopping.”
* Bold italics are added here to emphasise key points. Do not use Bold in this way in your Report.
(d) Do you think that every “P” of the Marketing Mix for this product is consistent (a) with the other “Ps” for this brand? and (b) with the brand’s Positioning.
For example; for Arnott’s Teddy Bear biscuits;
(a) “I conclude that the Marketing Mix is internally consistent, because it is comprised of a good value price of $2:50 per packet (= price) for an ideal treat biscuit (= product) , available in all supermarkets, which makes it convenient for parents to buy as part of their regular shopping (= Place). Promotion is primarily by visual communication on the packet using the picture of friendly teddy bear character and the trusted Arnott’s brand.
(b) For these reasons I conclude that this Marketing Mix is consistent with the Brand Positioning which is that of a reasonably healthy, inexpensive, convenient, friendly and trusted product which children love and parents trust.”
However, if the Marketing Mix had been different for Arnott’s Teddy Bear biscuits you might answer this way;
(a) “I conclude that the Marketing Mix is not internally consistent, because the price of $10 per packet is excessively high for an ideal (but simple) treat biscuit (= product) , available in all supermarkets**, which makes it convenient for parents to buy as part of their regular shopping (= Place). Promotion is also inconsistent; Promotion is primarily by visual communication on the packet using the picture of Jack Daniels, who is a hard-partying, alcohol-drinking man. Jack Daniels’s image is not consistent with a desirable brand personality such as a friendly character who children love, and to whom parents would entrust their children.
(b) For these reasons I conclude that this Marketing Mix is not consistent with the Brand Positioning which is that of a reasonably healthy, inexpensive, convenient, friendly and trusted product which children love and parents trust.”
**You could also note that locating a $10 packet of biscuits in the general biscuit section of the supermarket is also inconsistent, because high-priced biscuits would logically be located in the gourmet section of the supermarket. But then, parents shopping for biscuits for their children would not be shopping in the gourmet section … in other words, once one “P” becomes inconsistent it is likely to cause other inconsistencies.
Conclusion to the Report (50 words)
- Summary of the main findings of the report
- The conclusion should clearly relate to the purpose of the report – see Introduction regarding the purpose.
- No new information here
NO References required for this Assignment. (Referencing will be essential for ALL other Assignments though.)
(These 4 Ps Question prompts adapted from Mind Tools, 2015, The Marketing Mix and the 4Ps of Marketing, viewed 1 May 2015, R_94.htm.>.
Please submit your assignment through Turnitin. Detailed information is available under the Assignment 1 tab in Canvas.
We will assess your work using the following Rubric: For definitions of terms please see last pages.
Page 9 of 12
Assignment 1 Task Description Template and Rubric S1, 19 FINAL.docx
How to get higher grades; See what you have to do better, and what extra things you have to do to get higher grades. White-on-Blue = extra to get a Credit over a Pass, Grey BOLD = extra to get a D compared with a C, Yellow BOLD Italic underlined = extra to get an HD compared with a D.
insightful (adjective) “Having or showing an accurate and deep understanding; perceptive: “ thank you for all the insightful comments ” and “ I don’t have anything insightful to say about that.””. <http://www.oxforddictionaries.com/definition/english/insightful> viewed 8/8/15
rationale (noun) “A set of reasons or a logical basis for a course of action or belief: “he explained the rationale behind the change.” < http://www.oxforddictionaries.com/definition/english/rationale> 8/8/15.
Criteria Fail Pass
Intro (5%) Purpose was missing or unclear. Key terms not clarified. Scope unclear or absent. You stated the purpose of the report, but not in a clear way. You clarified some key terms. You indicated the scope of the report to some extent. You stated the purpose of the report. You clarified all key terms. You indicated the scope of the report generally. You clearly stated the purpose of the report with emphasis on the intention to gain insight into the 4Ps and Positioning. You clarified key terms** in a way which helped the reader somewhat. You clearly indicated the scope* of the report with sufficient detail.
** Marketing Mix, Category, Brand Positioning.
*Product (SKU), place and date of your purchase.
You clearly stated the purpose of the report with emphasis on the intention to gain insight into the 4Ps and Positioning. You clarified key terms** in a way which helped the reader to fully understand them. You clearly indicated the scope* of the report with specific detail. Demonstrates understanding of the 4 P’s (50%) Product category & sub-category unclear or absent.
Little or no awareness of marketing mix elements.
You identified the Product category and sub-categories.
You demonstrated a basic awareness of some of the marketing mix elements.
You identified the product category and sub-categories. You supported your Identification with (1) evidence from your shopping experience.
You demonstrated a basic awareness of all of the marketing mix elements.
You identified the product category and sub-categories. You supported your Identification with (1) evidence from your shopping experience, and also by (2) discussion of the rationale underlying the category > sub-categories organization of the shopping experience.
You demonstrated an awareness of all elements of the marketing mix and how they influenced your purchase decisions.
You identified the product category and sub-categories.
You supported your identification with (1) evidence from your shopping experience, (2) discussion of the rationale underlying the category > sub-categories organization of the shopping experience, and (3) an insightful explanation of how these factors influence the buying decision.
You demonstrated a comprehensive understanding of all elements of the marketing mix and insightful explanation of how they influenced your purchase decisions.
Demonstrate under-standing of brand position-ing
Few or no insights into the brand. You provided basic insights into the brand. You provided some insights into the brand. You justified these insights by referring to the 4Ps. You provided appropriate insights into the brand. You justified these insights by referring to the 4Ps. You clearly demonstrated a comprehensive understanding of the brand positioning. You justified your understanding by referring to the 4Ps. Conclusn (5%) Main findings unclear. Conclusion not clearly related to purpose. New information included. You summarized some of the main findings of the report. The conclusion did not clearly relate to the purpose of the report. Some new information was included in the Conclusion. You summarized the main findings of the report. The conclusion related to the purpose of your report. No new information was included. You comprehensively summarized the main findings of the report. The conclusion was clearly related to the purpose your report. No new information was included. Comprehensive summary of document . Strong connection to purpose. The Final thought* in this Conclusion demonstrates insight into brand position, potentials and threats. *i.e. A more nuanced understanding of the position of the product in the marketplace / implications of this in terms of doing a successful SWOT from which future strategies can be developed. Development of answers
Basic responses. Lack of support /evidence, Poor logic. Basic responses
Some ideas lacked support or evidence / ideas illogical / overgeneralised
Chain of logic may be unclear / faulty.
Attempts to address shifts between objective and reflective voice.
Appropriate responses to each question.
Main ideas lacked clarity /partially supported / require elaboration
Sequencing of ideas may require greater clarity.
Understanding of shifts in academic voice evident.
Succinct and somewhat informed responses to each question.
Main ideas clear, supported by evidence and somewhat elaborated but could be extended.
Logical flow of ideas (with minor lapses).
Control of shifts between objective and reflective voice evident
Succinct and informed, responses to each question.
Main ideas clear, supported by evidence and sufficiently elaborated.
Consistent logical flow of ideas (with minor lapses)
Nuanced control over shifts between objective and reflective voice
Organis-ation (5%) Organisation not evident
May lack paragraphs / lack clear central topics for paragraphs
Little or no cohesion within or between sentences.
Organisation evident but poorly handled
May lack paragraphs / lack clear central topics for paragraphs
Some cohesion within or between sentences may be faulty.
Organisation evident, clear overall progression
Paragraphing evident but central topic may not always be clear
There may be underuse or some inaccurate use of cohesive devices
Minor lapses in cohesion
Organisation sufficient but may have been handled more effectively
Paragraphing to a good standard
Cohesive devices used accurately (with minor lapses)
Organisation appropriate to task
Paragraphing is to a high standard
Cohesive devices used accurately & appropriately throughout
Grammar (5%) Mostly simple sentence forms
Some error-free sentences.
Punctuation mostly inaccurate
Errors affect meaning
Some error-free sentences.
Punctuation mostly accurate
Errors sometimes affect meaning
Frequent error free sentences
Good control over grammar & punctuation (although errors occur)
Errors have only minimal effect on meaning
Majority of sentences are error free (occasional lapses)
Errors do not interfere with message
A wide range of grammatical structures are employed with precision
Rare, minor errors / ‘slips’ may occur
Vocab-ulary (5%) Vocabulary mostly inadequate for the task
Lacks an awareness of academic style & register
Errors in word choice or formation have large to some effect on meaning
Adequate vocabulary for the task
May lack an awareness of academic style & register
Errors in word choice or formation have some effect on meaning
Sufficient range of vocabulary to demonstrate flexibility and some use of academic style & register
Errors in word choice or formation may occur but have only minimal effect on meaning
Range of academic vocabulary, generally used with precision (some inaccuracies may occur). Wide range of sophisticated vocabulary used with precision
Vocabulary is of appropriate academic register
Rare minor errors or ‘slips’ may occur
“Complex structures” refers to sentences using elements such as subordinate clauses e.g. ………., which……. Or ………, that…….. and conditionals such as if…….., then…… structures. Use of passive voice also demonstrates complexity.
cohesion (noun) “The action or fact of forming a united whole: “the work at present lacks cohesion.”” http://www.oxforddictionaries.com/definition/english/cohesion> viewed 8/8/15
can be a cohesive force in society”.”.< http://www.oxforddictionaries.com/definition/english/cohesive> viewed 8/8/15
cohesive devices refers to a range of language elements that structure the flow of ideas in a written text such as:
- Discourse markers e.g. Firstly, secondly, however, in contrast, for example, furthermore, etc.
- Substitution e.g. pronoun reference such as he, she, it.
- Use of synonyms.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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