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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: B2B Marketing
Assignment Marks: 30
Instructions:
- All Questions carry equal marks.
- All Questions are compulsory
- All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
- All answers to be written individually. Discussion and group work is not advisable.
- Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
- Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.
- Students should follow the following parameter for answering the assignment questions.
| For Theoretical Answer | For Numerical Answer | |||
| Assessment Parameter | Weightage | Assessment Parameter | Weightage | |
| Introduction | 20% | Understanding and usage of the formula | 20% | |
| Concepts and Application related to the question | 60% | Procedure / Steps | 50% | |
| Conclusion | 20% | Correct Answer & Interpretation | 30% |
1. Crompton Greaves Ltd is the leader in Indian Domestic market for electric motors, which conform to Indian & International Standards. The company faces a severe competition from small scale motor manufacturer as well as large global players like Siemens & ABB. What suggestions you would like to give to the company to maintain its leadership position in this product category?
Answer: Organisations that enjoy competitive advantage are able to produce or sell more goods effectively. Marketers usually develop business strategies to gain competitive advantage over other organisations in the industry. Michael Porter asserts that the effectiveness and supremacy
of organisations in business markets are due to two main factors: their ability to be cost-effective and their ability to provide a differentiated product offering. According to Porter, these two factors combined with the
2. An automobile component OEM manufacturing alternator has appointed your advertising agency to design the promotional strategy for their product. You are required to prepare a marketing communication campaign & select appropriate media vehicle for the same keeping in mind the target audience.
Answer: Communication is a process whereby the meaning is defined and shared between living organisms. Communication requires a sender, a message, and an intended recipient, although the receiver need not be present or be aware of the sender’s intention to communicate at the time of communication. Thus, communication can occur across vast distances in time and space. Communication requires that the communicating parties share an area of communicative commonality. The communication process is complete once the receiver has understood the sender.
3. Read the following Case & solve the questions given:
ABC is a leading brand of furniture in B2C segment having presence in various cities in India. ABC now plans to introduce in B2B category by launching a product line in the office furniture category. It intends to sell both Indian as well as imported furniture so as to cater to the different needs & wants of the target audience. It intends to target corporates but is not clear how to go about marketing & selling it to corporates (B2B) as ABC was always involved in selling home furniture (B2C).
a. Suggest positioning strategies to be adopted by ABC for their new product line in B2B Category.
b. Suggest a suitable sales promotion strategy for ABC’s new product line of office furniture.
Answer: a) Positioning is an act of developing the company’s offerings and image to occupy a distinct place in the minds of the target market. Positioning is a consumer driven strategy in which the objective is to occupy a unique place in the customer’s mind and maximize its potential benefit for the firm. Each brand must thus be ‘positioned’ in a particular class or segment. Example, Mercedes is positioned for luxury segment and Volvo is positioned for safety. The position of a product is the sum of those attributes normally ascribed to it by the consumers – its standing in the market, its quality, the type of people who use it, its strengths, its weaknesses, its price, the value it represents, and any other unusual or memorable characteristics it may possess.
Dear students, get latest Solved NMIMS assignments and case study help by professionals.
Mail us at : help.mbaassignments@gmail.com
Call us at : 08263069601