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Examen

MNM3709 - STRATEGIC MARKETING Questions and Correct Answers the Latest Update and Recommended Version

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Páginas
19
Grado
A+
Subido en
20-10-2024
Escrito en
2024/2025

Different strategy levels in an organisation → Corporate level ,Business level functional level. Corporate strategy → Overall purpose and scope of the org, how value can be added. Business strategy → How do we compete in this market relating to each business unit and product line. Functional strategy → Supports business level strategy through marketing,HR,production, info systems and finance functions. Strategic business unit (SBU) → SBU's are distinct business units set up to handle specific product lines Environmental variables → Demographic → International → Technological → Legal/government → Social and cultural → Economic 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel! 1 | P a g e | G r a d e A + | 2 0 24 / 2 0 2 5 Demographic environmental variables → Age,race,sex,economic status, level of education, income level and unemployment. International environmental variables → Political disposition in countries, change in leadership or culture can increase/decrease economic participation of the rest of the world. Technical environmental variables → Speed of change. → Regulating change. → Higher budgets. → Product adjustments versus high research investment. → Limitless innovation. Social and cultural variables → Replacing the traditional resume' with an in-depth personal brand. Economic variables → Inflation. → People saving less and borrowing more.(savings ratio) → Increase in debt. Legal environmental variables → Employment laws,international trade regulations and restrictions and any other laws and regulations in a country. Growth share matrix 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel! 1

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Institución
MNM3709
Grado
MNM3709

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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


MNM3709 - STRATEGIC MARKETING
Questions and Correct Answers the Latest
Update and Recommended Version
Different strategy levels in an organisation


→ Corporate level ,Business level functional level.


Corporate strategy

→ Overall purpose and scope of the org, how value can be added.


Business strategy

→ How do we compete in this market relating to each business unit and product line.


Functional strategy

→ Supports business level strategy through marketing,HR,production, info systems and
finance functions.


Strategic business unit (SBU)

→ SBU's are distinct business units set up to handle specific product lines


Environmental variables

→ Demographic
→ International
→ Technological
→ Legal/government
→ Social and cultural
→ Economic


1|Page| GradeA+ | 2 0 0 2 5

,2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

Demographic environmental variables

→ Age,race,sex,economic status, level of education, income level and unemployment.


International environmental variables

→ Political disposition in countries, change in leadership or culture can increase/decrease
economic participation of the rest of the world.


Technical environmental variables


→ Speed of change.
→ Regulating change.
→ Higher budgets.
→ Product adjustments versus high research investment.
→ Limitless innovation.


Social and cultural variables


→ Replacing the traditional resume' with an in-depth personal brand.


Economic variables

→ Inflation.
→ People saving less and borrowing more.(savings ratio)
→ Increase in debt.


Legal environmental variables


→ Employment laws,international trade regulations and restrictions and any other laws
and regulations in a country.


Growth share matrix



1|Page| GradeA+ | 2 0 0 2 5

, 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

→ a chart used to describe SBU's based on their market growth and market share rates.


Dog


→ SBU's with Low market growth, low market share


Cash cow

→ SBU's with Low market growth,
→ High market share


Problem child

→ SBU's with High market growth, low market share


Star

→ SBU's with High market growth, high market share


Key barriers to entry

→ Economies of scale.
→ Government policies.
→ Strong brand identity.
→ high switching costs
→ limited access to distribution channels.
→ Product differentiation.
→ likelihood of retaliation from existing industry players.


Porters model

→ Shows competitive structure of an industry.




1|Page| GradeA+ | 2 0 0 2 5

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Institución
MNM3709
Grado
MNM3709

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Subido en
20 de octubre de 2024
Número de páginas
19
Escrito en
2024/2025
Tipo
Examen
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