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More handpicked essays just for you.
Relation between advertising and sales
The impact of social media on consumer buying behavior
Factors of Brand extension
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I have been authorized by the Board to talk about the reasons we need to renovate and expand the size of our current store location. This memo will be discussing the reasons why we need to expand the store. We will need to renovate and expand the size of the store, in order to increase customer satisfaction, improve our brand strategy and make greater profit. Increasing Customer Satisfaction Since the opening of the store in 2012, the store has experienced a rapid increase in customer growth. Every morning, there is a long queue outside the doughnut store, and customers constantly walk away because they just cannot wait any longer. If there is an expansion of the store, the long queue will be prevented because there will now be two additional …show more content…
To remain competitive, SuzyQ will need to create a mobile application for customers to easily place and track their orders. Mobile ordering before customers show up at the store, will help with the long queues during rush hours because customers will just come into the store, pick up their orders and leave happily. It will also increase the effectiveness of the staff in the sense that the staff will be able to see a new order as soon as it comes, put it together, price it and prepare it for immediate take-out. Additionally, with the creation of the mobile application, the store will be able to introduce the “SuzyQ loyalty card”, which is a mobile-based loyalty program that will keep track of customers buying habits and award points to loyal customers. These points can be used to obtain discounts both in the store and online. The SuzyQ loyalty card will also provide an incentive for customers to refer their friends and family to the store by offering them points or credit towards their next purchase based on how many people they refer. Also, the store can remain competitive and improve the brand by making greater use of social media platforms, such as Facebook, Twitter and Instagram. Social media has given immense control and power to consumers, thus, large corporations and well- known brands no longer have an upper hand (Popali, 2017). SuzyQ can make use of social media to promote the company brand by advertising products and deals that are available both in-store and online. SuzyQ can also establish customer relationships by connecting with customers online and answering their
Lowe’s grew through strategic choice by heavily focusing on key functional areas involving research and development (R&D), marketing, and logistics. Lowe’s important R&D investments included the creation of two prototype stores. The first prototype with 147,000 square feet catered to large markets and the other with 120,000 square feet catered to smaller markets (Rouse, 2005). Lowe’s used these store prototypes to help guide their continued growth and store placement. The prototypes also aided the company in designing future stores more efficiently with respect to energy and sustainability (Lowe’s Companies, Inc., n.d.). Furthermore, Lowe’s marketing strategy concentrated on attracting new customers and enhancing current customer satisfaction. To bring new customers to the store, Lowe’s engaged in a pull marketing strategy (Wheelen & Hunger, 2012). The com...
The first step towards the growth and completion of our marketing objectives would be to increase the awareness of Trader Joe’s by 15% on social media and also boost advertisement to the same degree, for the next two years. We may be able to do so by incorporating advertisements and exclusive deals only found on Trader Joe’s social media pages. Also advertise Trader Joe’s social media pages within different locations of the store so that all people, as well as the younger people whom fall within the target market, can now see it and will become more likely to check out Joe’s on social media which
(He took over the lease of a building and wanted to transform it into a fully functional department store that offered a variety of products. He also believed in the importance of using new innovations.)
Jack in the Box and Qdoba will both implement a rewards card and an application for cell phones. The rewards card will mostly be used to track data of our customers. This way they can tell what the consumer enjoys and send the promotions in the mail. The rewards card will also offer every tenth purchase you get your next value meal free. The application will be used for giveaways and the tracking of updates. Also since Jack in the Box Headquarters is in San Diego they will run specials during all Chargers and Padre’s games. Surveys will also be offered to get ideas straight from the
Social media is a key tool that has changed both our everyday lives and the way we do business. In the modern world, almost everyone who has a smart phone – and most of those who have computers - also hold accounts on a social media company. Currently, In N Out Burger and Shake Shack, two of America’s most buzz-worthy restaurants, are exhibiting great success at using the social media world to promote their businesses. Both companies have established a presence on many of the most popular social media outlets, including Facebook, Twitter, and Instagram. Each of these burger-focused restaurants, however, has demonstrated a very different approach to their social media.
The company had to be the second largest retailer shop in the US; it has many advantages that come along. The customers well acknowledge the company and its brand have been well established.
On January 31st 2015, Mr. Thompson as a CEO of one of the world’s biggest fast-food franchise, Mc Donald, had resigned, because the franchise made less 20% of profit each quarter since 2014. The next CEO will be Mr. Easterbrook who is a CBO and the franchise hopes that he will make a comeback for the franchise like what Mr. Thompson did in 2012 which the profit successfully went up to 50% percent per quarter. The shareholders had grown frustrated past over last year, because the franchise could not get any better. According to Mr. Easterbrook, he will decrease the price cheaper and add new things to menu. The old menu will change and old things will be remove out of menu, because there are too many different things in menu and it can cost more money. The franchise start opening
This is a point that rings very true. Store development is important, but there are other key features that need to be considered for continued growth
Krispy Kremes's strong brand name, highly differentiated products, high-volume production capability and multi-channel market penetration strategy has worked well. With each new store opening there are lines waiting at the door all night to experience the Krispy Kreme quality. In Denver, more than 3000 people stood in a line extending for more than three city blocks on opening day. They have production areas in full view and a neon light that lights up when "Hot Donuts" are actually coming off the line. Krispy Kreme makes customers feel good about indulging. Even Krispy Kreme's name brings a smile to people's faces.
The main objective was to foster customer retention and loyalty increasing cross-property usage. The number of multi-property guest stays should be increased to 10% from the 5% rate experienced during the last year.
This is the reason why a giant like McDonald’s, which spends millions of dollars on advertisements and promotions, has collaborated with WeChat to offer discount coupons, and services to its customers. This trend of cross-promotions is going to increase in the coming future. The focus would be to increase revenues and profits, but social messaging app makers such as Tencent need to remain true to their vision and goals. WeChat must remain simple, free to download, provide exceptional user interface, and introduce better features in days ahead.
Mobile ordering/paying – with improvements to technology, McDonalds could introduce an app that would allow consumers to order through their smartphones, pick it up and possibly even pay through their phones, making everything a much more smooth process.
I am no chef or culinary genius by any measure, but the story I’m about to tell should amply highlight my expertise in the field of “how not to cook.”
This is why in this section, we are trying to offer our humble suggestions to what we think might be improve to further increase sale and brand awareness as well as to give customers a vibrant shopping experience.
The first advantage of using social media in business is increasing brand awareness. Social media can help business to build their brand awareness by increasing interactions with a business brand. Brand awareness means the total percent of a target people who know the company exists and what the company offers of products or services. When the brand awareness is increased, the possibility of buying is increased. Thus, efforts should be made to make the brand a part of the consciousness of customers. For example, Coca- Cola is one of the best companies that enjoy unusual...