answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
STALIN [3.7K]
1 year ago
15

1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe t

he five-stage purchase decision process for a Coppertone customer. 3. What are the possible situational, psychological, and sociocultural influences on the Coppertone consumer purchase decision process? Situational Psychological Sociocultural 4. What specific marketing activities does Coppertone utilize to help Coppertone grow in the marketplace? 5. What challenges does Coppertone face in the future? What actions would you recommend related to each challenge?
Business
1 answer:
True [87]1 year ago
6 0

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

You might be interested in
Whispering Corporation had income from continuing operations of $10,775,400 in 2020. During 2020, it disposed of its restaurant
pantera1 [17]

Answer:

                                   Whispering Corporation

                             Partial income statement for 2020

Income from continuing operations                           $10,775,400

Income from discontinuing operation:

Division operated loss                             ($321,500)

Division disposal Loss                            <u> ($200,100) </u>

                                                                                    <u>($521,600)</u>

Net Income                                                                  $<u>10,253,800</u>

8 0
2 years ago
ABC Online Merchant has a current stock price of $42.50. The company paid $1.34 in dividends this year, and the dividends are ex
yKpoI14uk [10]

The formula is to calculate stock price through dividend discount model is

Share price  = Dividend/(rate of return - dividend growth rate)

                   =$1.34/(5%-3%)

                   =$67

7 0
1 year ago
____________ negotiate with one another, buy and sell products and facilitate the change of ownership between buyer and seller i
Arada [10]

Answer:

Intermediaries

Explanation:

The reason is that the intermediaries are the ones that helps the suppliers and the buyers of the products to to move the product to the end customers. This intermediary is the part of distribution channels that helps in delivering the product to the end customers.

5 0
1 year ago
A census is a regularly-occurring and official count of a particular population. Census data available at the united states cens
blagie [28]

An example of Census data available is <u><em>when summarized data presented are available to individuals via the web without requiring a password.</em></u>

<u><em /></u>

Let understand that "Census" refers to the <u>survey conducted</u> by the government of which the main purpose is to collect information about the general population of the country.

  • A typical Census collects information about <em>name. address. basic demographics, date of birth, country of birth, education qualification, employment information and so on</em>

<em />

  • Census is a <u>public information</u> but information collected therein are not opened to the public, rather, a statistics is drawn out of it and can therefore be used by the public for any purpose.

In conclusion, statistics drawn from the census can be found on website and are free to access by anyone.

Learn more about Census here

<em>brainly.com/question/4634088</em>

3 0
1 year ago
The next two questions pertain to the problem below: You researched Jersey Kids Corp on Yahoo Finance and you found the followin
Leona [35]

Answer:

The current stock price of Jersey Kids Corp in 2021 is expected to be $39.02.

Explanation:

The current stock price of Jersey Kids Corp in 2021 can be calculated using the formula for the dividend discount model as follows:

P2021 = D2022 / (r - g) ............................ (1)

Where,

P2021 = current stock price in 2021 = ?

D2020 = Annual dividends per share paid in 2020 = $3.00

D2021 = Annual dividends per share paid in 2021 = D2020 * (1 + g) = $3 * (1 + 0.02) = $3.06

D2022 = Annual dividends per share paid in 2022 = D2021 * (1 + g) = $3.06 * (1 + 0.02) = $3.1212

r = required return = 10%. or 0.10

g = growth rate = 2% = 0.02

Substituting the values into equation (2), we have:

P2021 = $3.1212 / (0.10 - 0.02)

P2021 = $3.1212 / 0.08

P2021 = $39.02

Therefore, the current stock price of Jersey Kids Corp in 2021 is expected to be $39.02.

7 0
1 year ago
Other questions:
  • 1.Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials
    6·1 answer
  • Which is an example of an expense control strategy?
    11·1 answer
  • NCH Corporation, which markets cleaning chemicals, insecticides and other products, paid dividends of $2.00 per share in 1993 on
    13·1 answer
  • Assume that an MNC purchases a foreign building, and then leases the building to another party and allows that party to operate
    8·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    15·1 answer
  • Blake has managed several restaurants for over 50 years and is close to retirement. With his maturity and business experience, h
    9·1 answer
  • A magazine ad designed for Target's new campaign shows a well-dressed shopper pushing her loaded Target cart to her Jaguar, show
    7·1 answer
  • What value creation activities should a company outsource to independent suppliers? What are the risks involved in outsourcing t
    8·1 answer
  • Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteris
    5·1 answer
  • Organizational Structuring Companies have four general issues to consider when attempting to design their organization for respo
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!