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dedylja [7]
2 years ago
8

Warren Cassell, owner of Just Books, a very small book store, makes special orders for customers at no extra charge, provides fr

ee gift-wrapping, conducts out-of-print book searches, offers autographed copies of books, hosts "Meet the Author" breakfasts, and publishes a newsletter for book lovers. By offering his customers lots of "extras" they do not get at larger bookstores, Cassell has won a growing base of loyal customers. Cassell is relying on which marketing strategy
Business
2 answers:
Anna007 [38]2 years ago
5 0

Answer:

Cassell is relying on Guerrilla Marketing strategy in this case.

Explanation:

Guerrilla Marketing:

It is a such type of marketing strategy in which we use non-traditional ways to accomplish our marketing goals. This unconventional way of marketing is directed towards developing an emotional between a business/organization and its customer.

Example:

The common example of guerrilla marketing is as follow:

A company named "XYZ" sells soft drink and they start a campaign in a public space in which they offer free drinks to the public. The people taste their soft drink for free and tell others about it.  

In our case, Warren Cassell use this strategy of marketing by offering them free gift-wrapping, free autographed copies of books etc so that the customer develop a very strong emotional bond with the book store. As a result, they will tell other people about her generosity and will help her to expand her business.    

Mademuasel [1]2 years ago
5 0

Answer:

Guerrilla marketing strategy

Explanation:

When a company uses guerrilla marketing strategies they are looking for unconventional ways to provide their customers with an extraordinary experience. Usually small companies are able to use this type of strategies because it involves unconventional tactics and surprise factors, which are very difficult to carry on by larger firms.

For example, a local coffee shop where the owner knows the clients by name, asks about their families and has developed a friendly relationship with them. The products are not standardized and vary every couple of days, new recipes are continuously introduced and the clients view the store as part of their lives. Those "extras" that come with the service make the difference and create a very loyal customer base.

You wouldn't find that at a Starbucks since employees come and go, and the client volume is so large that it makes personal interactions extremely difficult, and the products are standardized.

You might be interested in
Data related to the inventories of Mountain Ski Equipment and Supplies is presented below:
Ksivusya [100]

Answer:

C) $130,000

Explanation:

Based on the lower of cost or market rule, the valued of the inventory would be

Replacement cost = $130,000

Selling price = $150,000 - $150,000 × 10% = $135,000

After considering the normal gross profit ratio, the value would be

= $135,000 - $150,000 × 20%

= $105,000

If we compare the cost and replacement value, then the less value would be considered i.e $130,000

8 0
2 years ago
University of Florida football programs are printed 1 week prior to each home game. Attendance averages 75 comma 000 screaming a
Ann [662]

Answer :

a) Cost of underestimating demand = $3

b) Average cost per program =$1.90

c) number of program ordered 51,503

d) Stock out risk = 0.3878

Explaination :

As per the data given in the question,

Total purchased program = (2 ÷ 3) × 75,000 = 50,000

Unsold program = 10% × 50,000 = 5,000

a) Cost of underestimating demand = cost of each program - cost to print each program

= $5 - $2

= $3

b)Average cost per program = cost to print each program - amount got for sending it for recycling

= $2 - $0.10

= $1.90

c) Service level = Cost of underestimating demand ÷ (Cost of underestimating demand + Average cost per program)

= $3 ÷ ($3 + $1.90)

= 0.6122

So, Z is 0.3005

Therefore number of program ordered = 50,000 + 0.3005 × 5,000

= 51,502.5

= 51,503

d) Stock out risk = 1 - Service level

= 1 - 0.6122

= 0.3878

We simply applied the above formulas

8 0
2 years ago
Henry Co. manufactures DVD players. At the end of Year 1, Henry's management believes the growing popularity of streaming video
zysi [14]

Answer:

Not impaired because the fair value of the equipment is greater than the carrying value of the asset by $120,000.

Explanation:

Impairment will happen if carrying amount is greater than the fair value of the assets, here the carrying value of the assets is 1,480,000, which is lessor than the fair value of the assets 1,600,000 by 120,000. Hence impairment will not happen so 1st option is correct.

6 0
2 years ago
Read 2 more answers
Systems that enable a firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that p
zheka24 [161]

These are known as supply chain planning systems, because they help organize and make sense of the various steps in the supply chain.

6 0
2 years ago
In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision
Lynna [10]

Answer:

My four smart goals includes the following: I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours,  want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers, I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months, I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

Explanation:

Solution

The following are my 4 SMART goals given below:

1.I want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers.

2. I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours.

3. I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

4. I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months,

Measurable :

1. I would start my training from tomorrow. Initially I would run 2 to 5 kilometres with walk breaks.

2. I would start talking to my boss next week to ask for additional responsibilities and also ask him to let me know what needs to be done to get promoted.

3. I would start coming from office early by being more efficient in office. I will take my son on walks or play with him for 1 hour daily.

4. I would come back from office on time and spend time with my wife after spending time with my son.

Attainable/Attainability:

1. I will talk to other marathoners about whether my goal is attainable. I will also research about it.

2. I will talk to my colleagues who are senior managers about how they got promoted.

3. I will talk to other dads about whether my goal is attainable.

4. I will talk to other husbands who are successful.

Realistic:

Timely:

I have given a time frame for attaining all these goals which is very important.

For implementing these goals, I will use the Plan-Do-Act-Dare cycle.

Since my objective is to become a well rounded person both in my personal and professional life, the above steps would help me in becoming that person.

The strategy diamond consists of:

1. Vehicles- Focused hard work

2.Differentiation- Being different from others.

3. Arenas-Professional and Personal

4. Staging-Speed of initiatives

5 0
2 years ago
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