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Alhea L. Guyon Activity 6: Marketing Mix Stem 12-B
Alhea L. Guyon Activity 6: Marketing Mix Stem 12-B
The location that is best suited for the business is in Abatan, Buguias, Benguet
because it serves as a stopping or resting place for travelers, farmers and citizens
of Buguias. There are also various stalls and buildings here where people buy and
eat. It is an easy to find place suitable for people who wants to rest, read and do
their homeworks and work.
3. What is the most appropriate price, and the pricing strategies will be used for the target
customers?
Menu
Menu Item Price Menu Item Price
Bundling, as shown in the menu in the espresso part that when you buy 3 Grande
Sizes, you will get it for Php 150, the flavors can vary. Bundling is attractive to
consumers who benefit from a single, value-oriented purchase of complementary
offerings. Bundling helps to increase efficiencies, thus reducing marketing and
distribution cost. It allows the consumer to look at one single source that offers
several solutions.
Psychological Pricing, the prices of the food in the food section are shown, these
are 29, 39, 49, and 59. When people perceive they are getting a bargain, are paying a
reasonable price for a product or feel what they are paying offers great value for money,
the reaction is innate and immediate. Psychological pricing is to give the illusion of
that value. The specific intention is to get customers to buy and feel happy about
their purchase.
4. What are the basic skills needed for the job?
Ambition-Ambition drives people to advance and accomplish their goals. Well-
aimed and supported by values, ambition reflects a healthy self-esteem and higher
power of abstraction and visualization of the future. Ambitious people (in a good
way) have a gleam in their eyes as they approach their goals.
Willingness to Learn-Education is a life-long process. You must stay updated
with changes in technology, the evolution of your industry, sales processes and
more. Always seek new knowledge. More than that, look for the most successful
people in your industry and do not be afraid to ask for their opinions or advice.
Ability to Listen-You simply cannot manage a great team or run provide a
great customer service if you are not an effective communicator. Communication
is a two-way street. In order to communicate outwardly in an effective manner,
you must pay attention to others’ motivations, hot buttons, interests and more.
You also must be aware of non-verbal cues, such as body language. Avoid
coming off as being self-promotional or vain, and strive to show that you are
helpful and interested in others. This can foster collaboration, get others excited
about your goals and more rather than turn them off because you seem overly
interested in your own self-interests.
Creativity-If you always do the same thing, you very likely will not enjoy new
and better results. You must try new things to find what works best. You also
need to enrich your live with new experiences regularly. This may be something
as simple as talking to new people or taking a personal interest class. Each
experience that you have can lead to new opportunities that you previously did
not have available to you.
Assertiveness and Confidence-While listening is important for effective
communication, you also must know when you need to take control of the
conversation and assert your opinions and beliefs. You should listen to others who
are making reasonable claims and requests, but you also need to know when to
say no. Be consistent yet open-minded to earn respect and trust from those around
you. You need to know what you stand for, and you need to stand up for those
beliefs.
Perseverance-Many of the most successful business owners have suffered
devastating defeats and failures. Rather than look at these events as an end to a
situation, they have looked at these events as important learning moments. They
maintained their optimism and perseverance, but they also made calculated
changes to future efforts. Remember that you only fail when you stop trying.
Persistence is the key to success.
Courage and Risk Taking-In order to harness the power of creativity, you must
have the courage to act on your great ideas and plans. While you need to research
your ideas thoroughly, you must also have the courage to take an unknown step
and try things that are unfamiliar to you. In the words of John Burroughs, “Leap,
and the net will appear.”