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MKT410 Ind Ass Kamelia HM2411B
MKT410 Ind Ass Kamelia HM2411B
MERCEDES BENZ
VEHICLES MANUFACTURER
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TABLE OF CONTENT
CONTENT PAGE
INTRODUCTION 3
PRODUCTS OR SERVICE OFFERED 4
MARKETING MANAGEMENT ORIENTATION 5
CONCLUSION 6
REFERENCES 6
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INTRODUCTION
As part of its target audience or target market, Mercedes Benz wants to appeal to people
aged 25 to 44 who are in the high-income category. "It's part of our aim to reach out to a
younger audience, and it's one of the reasons I was hired. [The gaming venture] is part of a
larger plan "David George, who started as marketing director at Mercedes-Benz in May,
agrees.
Being in the luxury category caters to a specific market that values quality over cost, hence
costs are always higher. In the global market, where Mercedes Benz offers a wide choice of
items, the fees range from $30,000 to $100,000 and up. It caters primarily to the luxury car
market, hence it spends a lot of money on high-end materials. As a result, Mercedes-
marketing Benz's mix price approach is premium pricing, based on its features and
competitiveness.
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TYPES OF PRODUCTS
Mercedes-Benz is a renowned manufacturer of luxury passenger cars in the globe, and its
vehicles must be properly maintained to guarantee that they continue to function at their
best. Mercedes-Benz manufactures premium automobiles as well as large and light
commercial vehicles. Mercedes also offers financial services and auto repairs, such as
synthetic motor oil, oil filter replacement, and brake component check.
Products:
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MARKETING MANAGEMENT ORIENTATION
The production idea, product concept, sales concept, marketing concept, and social
marketing concept are the five marketing management orientations. The marketing concept
refers to the approach to marketing management that I use at Mercedes-Benz. I chose this
marketing strategy for this organization because they place a greater emphasis on client
demands and benefit from customer pleasure. For example, they make vehicles that are
ideal for a variety of families and individuals. Vans, cars, and limousines are examples. Next,
Mercedes-Benz pays close attention to the quality of its products and services to retain client
satisfaction. Mercedes-Benz also did a fantastic job in their marketing game, particularly for
the wealthy, by featuring their products at major events such as Formula One, awards, and
commercial events with celebrities.
Next, their target market is those between the ages of 25 and 44, which is the best age for
them to begin owning a Mercedes because they have worked for years, and some have
reached the median income required to purchase Mercedes vehicles. Mercedes-Benz also
does not create low-cost vehicles since their target market is wealthy individuals. The price
is appropriate for those with a median income, closely related to the vehicle's quality.
Because the product itself is of excellent quality and features cutting-edge technology, it is
preferable to keep the price low to maintain their image and quality. In general, the company
attempts to offer the best product among its competitors, thus it does not cut corners on
price. Mercedes-Benz has discovered that expanding its product line, offering more
competitive prices, increasing communications with its target market, maintaining
relationships with customers, and providing excellent customer service are all necessary
components of providing superior customer value to its target market.
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CONCLUSION
Finally, even though Mercedes Benz sells their products at premium rates, there are a few
various approaches from their marketing campaigns or strategies that have helped them
become a successful firm. We can learn from Mercedes Benz advertising and feedback that
if you stick to your target demographic and deliver consistent results, you will have a
successful business.
REFERENCES
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