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Marketing Strategy
April 2025 Examination
Q1. Imagine you are the marketing
manager for a new luxury smartphone brand entering the Indian market. The
company aims to create a unique position in a highly competitive market.
Discuss the strategic mapping and key decisions you would consider while
formulating the marketing strategy for this product. Explain how external
environmental factors, such as economic conditions and technological
advancements, would influence your strategy. (10 Marks)
Ans
1.
Introduction
India's
smartphone market is one of the largest and most competitive globally, driven
by a tech-savvy consumer base and diverse economic segments. Introducing a new
luxury smartphone brand requires careful strategic planning to carve out a
niche and achieve differentiation in a crowded marketplace. As the marketing
manager, the aim would be to position the brand as a premium, aspirational
product that appeals to affluent and discerning customers. This strategy must
integrate consumer behavior insights, competitive analysis, and economic and
technological trends to ensure sustained market penetration. External
environmental factors like India's
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Q2. You are tasked with developing
a marketing strategy for a new premium skincare brand in India that targets
middle-to-high-income urban women aged 25-45. Describe how you would segment
the market for this product and select the target market. Discuss how you would
position the brand using the concepts of customer value and competitive advantage. (10 Marks)
Ans
2.
Introduction
The
Indian skincare market has witnessed remarkable growth in recent years, fueled
by increasing awareness of personal grooming and the influence of global beauty
trends. Launching a premium skincare brand targeting urban women aged 25-45
presents a significant opportunity to tap into the aspirations of a demographic
that values quality and results-oriented products. This segment is
characterized by middle-to-high-income consumers who prioritize health-conscious,
effective, and sustainable skincare solutions. A successful marketing strategy
for this product requires detailed segmentation to identify the most promising
market subsets, precise targeting to address their unique needs, and a strong
brand positioning that emphasizes customer value and competitive
Q3. M/s XYZ is a startup that has
recently launched an innovative, eco-friendly, reusable water bottle in the
Indian market. The bottle is crafted from high-quality stainless steel,
ensuring durability and safety.
Its primary objective
is to promote
sustainability by reducing
single-use plastic waste. The product is competitively priced at INR 500 and is
available in a variety of colors (red, blue, green, black) and sizes (500ml,
750ml, 1L).
The company has identified its
target market as environmentally conscious urban consumers aged 18-45, residing
in metro cities like Delhi, Mumbai, Bangalore, and Hyderabad. Their market
research indicates a growing interest in sustainable products but also reveals
competition from established brands offering similar reusable bottles priced
between INR 400–700.
M/s XYZ has allocated a modest
marketing budget and plans to use a mix of digital platforms, such as Instagram
and YouTube, and online marketplaces, like Amazon and Flipkart, for its product
promotion and distribution. The company is looking for innovative strategies to
differentiate its products and create a strong market presence.
a) Using Ansoff’s Product-Market
Growth Matrix, develop a comprehensive marketing strategy for M/s XYZ,
addressing potential opportunities for market penetration, market development,
product development, and diversification.
(5 Marks)
Ans
3a.
Introduction
M/s
XYZ’s innovative, eco-friendly water bottles are positioned to capitalize on
the growing demand for sustainable products in India’s urban markets. The
Ansoff Product-Market Growth Matrix provides a structured framework for
exploring potential growth opportunities. By focusing on market penetration,
market development, product development, and diversification, the company can
create a robust strategy to build brand recognition, increase sales, and
differentiate itself in a competitive
b) Suggest an appropriate pricing
strategy for the product, considering factors like competitors' pricing,
consumer willingness to pay, and the brand’s sustainability message. Justify
your recommendations with a rationale. (5 Marks)
Ans 3b.
Introduction
Pricing
plays a pivotal role in M/s XYZ’s strategy to position its eco-friendly water
bottles as accessible yet premium sustainable alternatives. Priced
competitively at INR 500, the product aligns with consumer expectations in a
market dominated by brands priced between INR 400–700. The chosen pricing
strategy must reflect the product’s sustainability message, target demographic,
and
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