Description

Marketing Management
Dec 2024 Examination
Q1 Scenario: XYZ Corporation, a leading fashion retailer, traditionally caters to middleaged
consumers. Due to demographic shifts, there is a growing interest among younger
consumers with different tastes and purchasing behaviors.
Task:
As a marketing manager, propose a revised marketing strategy for XYZ Corporation.
Address the demographic shift, and justify your recommendations using relevant
marketing theories and concepts.
Ans 1.
Introduction
XYZ Corporation is a prominent retailer in the fashion industry, traditionally focused on
serving middle-aged consumers. However, recent shifts in demographics indicate a growing
interest from younger consumers. These younger demographics, typically Gen Z and
Millennials, differ significantly in their preferences, shopping habits, and values. Unlike the
older generation, these consumers seek trendy, sustainable, and unique products and are highly
influenced by digital trends, social media, and online influencers.
To remain competitive and increase market share, XYZ Corporation must adapt its marketing
strategy to meet the needs of these younger consumers. This adaptation involves understanding
th
ly bridge the gap between its traditional and emerging consumer segments.
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Q2(A): A consumer electronics company wants to expand into the business market by
offering bulk sales to corporate clients. Explain two key differences between business
markets and consumer markets, with examples.
Ans 2A.
Introduction
A consumer electronics company looking to expand into the business market must understand
the fundamental differences between business markets (B2B) and consumer markets (B2C).
While consumer markets focus on individual buyers, business markets target organizations,
corporations, or businesses that purchase products in bulk for operational use or resale.
Understanding these differences is crucial for developing an effective marketing strategy
tailored to meet the specific needs and expectations of corporate clients, ensuring successful
Q2(B): The same electronics company is experiencing declining sales for its flagship
product and plans to initiate an internal idea generation process. Discuss the effectiveness
of using internal resources for new product ideas, highlighting potential challenges and
benefits.
Ans 2B.
Introduction
The consumer electronics company faces declining sales for its flagship product and aims to
rejuvenate its portfolio through an internal idea generation process. Internal idea generation
leverages the company’s existing talent, expertise, and industry knowledge to create innovative
product solutions. By utilizing in-house teams for brainstorming and development, the
company hopes to capitalize on its employees’ insights and reduce the time needed for product
id