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Examen

MNM3708 Assignment 3 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED

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MNM3708
Assignment 3 Semester 1 2025
Unique Number:
Due Date: 6 June 2025
TABLE OF CONTENTS
1. INTRODUCTION .................................................................................................. 4
2. BACKGROUND OF STAR CLEANER DETERGENTS ........................................ 4
2.1 Mission ................................................................................................................ 4
2.2 Ownership and Management........................................................................... 5
2.3 Identification of Goods and Services Offered .................................................. 5
3. THE RETAILING CONCEPT ................................................................................ 5
3.1 Overview of the Retailing Concept .................................................................. 5
3.2 Customer Orientation Concept ........................................................................ 6
3.3 Practical Application by Star Cleaner Detergents ............................................ 6
4. ANALYSIS OF THE CURRENT SITUATION AND SWOT ANALYSIS ................. 6
4.1 Strengths ......................................................................................................... 7
4.2 Weaknesses .................................................................................................... 7
4.3 Opportunities ................................................................................................... 7
4.4 Threats ............................................................................................................ 8
5. SETTING OF OBJECTIVES ................................................................................. 8
5.1. Theoretical Overview of Objectives ................................................................ 8
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TABLE OF CONTENTS
1. INTRODUCTION .................................................................................................. 4
2. BACKGROUND OF STAR CLEANER DETERGENTS ........................................ 4
2.1 Mission ............................................................................................................... 4
2.2 Ownership and Management .......................................................................... 5
2.3 Identification of Goods and Services Offered .................................................. 5
3. THE RETAILING CONCEPT ................................................................................ 5
3.1 Overview of the Retailing Concept .................................................................. 5
3.2 Customer Orientation Concept........................................................................ 6
3.3 Practical Application by Star Cleaner Detergents ........................................... 6
4. ANALYSIS OF THE CURRENT SITUATION AND SWOT ANALYSIS ................ 6
4.1 Strengths......................................................................................................... 7
4.2 Weaknesses ................................................................................................... 7
4.3 Opportunities................................................................................................... 7
4.4 Threats ............................................................................................................ 8
5. SETTING OF OBJECTIVES ................................................................................ 8
5.1. Theoretical Overview of Objectives ................................................................ 8
5.2. Sales Objectives ............................................................................................ 9
5.3 Profit Objectives .............................................................................................. 9
5.4 Public Satisfaction Objectives ......................................................................... 9
5.5. Practical Recommendations ........................................................................ 10
6 IDENTIFICATION OF CONSUMERS ................................................................. 10
6.1 Components of Customer Analysis .......................................................... 10
6.2 Application to Star Cleaner ........................................................................ 10
7.3 Target-Market Approaches......................................................................... 11
7.3.1 Mass-Marketing Potential..................................................................... 11
7.3.2 Concentrated Marketing ....................................................................... 11
7.3.3 Differentiated Marketing ....................................................................... 11
7.4 Segmentation Priorities and Recommended Focus ................................ 12
7.5 Positioning for Competitive Advantage .................................................... 12
8 DEVELOPING AN OVERALL STRATEGY ........................................................ 13
8.1 The Retailing Mix and External Environment ........................................... 13
8.2 Controllable Variables Applied to Star Cleaner ........................................ 13
8.2.1 Merchandise Mix ................................................................................... 13
8.2.2 Pricing Strategy .................................................................................... 13
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