Pepsico used ________ to enter the Indian market in the early 1980s.
Mega marketing
The question refers to how Pepsico broke into a protected Indian market in the early 1980s, when entry required clearing many governmental and political hurdles, not merely appealing to consumers.
The term for this is mega marketing, a concept popularised by Philip Kotler. Mega marketing is the strategic coordination of economic, psychological, political and public-relations skills to gain the cooperation of a number of parties - governments, regulators, interest groups - in order to enter or operate in a given market. It adds two extra Ps, power and public relations, to the traditional four Ps, and Pepsico's negotiation of approvals and promises (such as agro-research and exports) to enter India is the textbook illustration.
Meta marketing is a broader, more academic notion about extending marketing to non-business fields, not about breaking into a blocked market. Micro marketing operates at the level of individual firms and narrow customer segments, and multistage marketing is not the recognised term for this entry problem. Only mega marketing captures the political-cum-promotional effort involved.
Hence Pepsico used mega marketing to enter the Indian market in the early 1980s.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?
Match the items of List-I with the items of List-II and indicate the code of correct matching:
| List-I | List-II |
|---|---|
| a. Latent demand | i. More consumers would like to buy the product than can be satisfied. |
| b. Full demand | ii. Consumers may be attracted to products that have undesirable social consequences. |
| c. Overfull demand | iii. Consumers may share a strong need that cannot be satisfied by an existing product. |
| d. Unwholesome demand | iv. Consumers are adequately buying all products put into the market place. |
Codes:
_________ marketing describes the employees' skills in serving the clients.
Which of the following concepts holds that consumers prefer the products which are easily available and are inexpensive?
Match the items of List-I with those of List-II and indicate the code of correct matching:
| List-I | List-II |
|---|---|
| a. Core benefit | i. Bed, bathroom, towel, desk and closet |
| b. Basic product | ii. Clean bed sheet |
| c. Expected product | iii. Rest and sleep |
Codes:
The most widely used method of collecting the primary data is:
Match the following:
| List - I (Stages of PLC) | List - II (Critical factors) |
|---|---|
| (a) Introduction | (i) Cost efficiency |
| (b) Growth | (ii) Marketing effectiveness |
| (c) Maturity | (iii) Advertising and Distribution |
| (d) Obsolescence | (iv) Product Development and Design |
Match the following:
| List - I (Pattern of PLC) | List - II (Product category) |
|---|---|
| (a) Growth-Slump-Maturity Pattern | (i) Pharmaceutical products |
| (b) Cycle-Recycle Pattern | (ii) Nylon for parachutes, hosiery, carpeting etc. |
| (c) Scalloped Pattern | (iii) Small kitchen appliances |
Match List - I with List - II.
| List - I (Concept) | List - II (Description) |
| A. Marketing Concept | I. Qualitative, performing and innovative products |
| B. Selling Concept | II. Large-scale sales and promotion effort |
| C. Production Concept | III. Customer focus and values |
| D. Product Concept | IV. Available and affordable products |
Choose the correct answer from the options given below :
Arrange the following stages in the marketing process of an enterprise:
A. Marketing Mix
B. Marketing program implementation
C. Marketing planning
D. Market research
E. Control and evaluation of marketing programs
Choose thecorrectanswer from the options given below:
_______ believes that the consumers will favour those products that offer the best quality, performance and features and therefore the organisation should devote its energy to making continuous product improvements.
The ability to change human needs into wants is called
Which of the following is the characteristic of a product?
Which of the following is an example of durable goods?