Solution Manual For M Marketing 6th Edition
Solution Manual For M Marketing 6th Edition
The IM follows the order of the textbook outline for each chapter and is divided into sections for each learning
objective. To ease your class preparation time, we’ve included references to relevant PowerPoint slides that can be
shown during class. Note that you can adjust slides as needed to ensure your students stay actively engaged
throughout each session.
Instructor’s Manual
Test Bank
Video Library
Instructor’s Manual
This Instructor’s Manual is posted by chapter. Within each section of the IM you will find an assortment of feature
summaries, examples, exercises, and Connect® Integration assignments intended to enhance your students’ learning
and engagement.
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Chapter 1 - Overview of Marketing M: Marketing 6th
PowerPoint Presentations
Test Bank
Test Bank questions are posted by chapter. You will find a variety of question types within the test bank such as
Matching, Ranking, Multiple Choice, Select-All-That-Apply, True/False, Short Answer, and Essay to test student
mastery across Bloom’s Taxonomy (i.e., Understand, Apply, and Analyze). Due to the evolving needs around
generating high-quality print test experiences, McGraw-Hill Education provides a free copy of the industry-leading
test generation software TestGen® to users (more details can be found within the Instructor Resources tab under
“Test Bank”). Furthermore, due to its limitations to function with the latest browsers and operating systems,
McGraw-Hill Education has discontinued EZ-Test Online. Some of the robust new features present in TestGen®,
include:
Multiple LMS export formats, including Blackboard, Moodle, Desire2Learn, and Sakai
Video Library
The Video Library provides links to all the assignable videos in Connect®, as well as legacy videos that are no
longer available as assignments, but that remain available as an additional resource. These videos can be directly
streamed from within the library that is located in the Instructor’s Resource tab. Accompanying each video is a brief
video guide that summarizes the key concepts of the video.
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Chapter 1 - Overview of Marketing M: Marketing 6th
The Connect Content Matrix provides a brief overview of all the application exercises available in the course. It
lists the Learning Objectives, topic tags, Bloom’s levels, and difficulty levels associated with each exercise.
Connect®, McGraw-Hill’s online assignment and assessment system, offers a wealth of content for both students
and instructors. Assignable activities include the following:
Typically, SmartBook® is assigned by module (chapter), and you can set which learning objectives to cover as well
as the number of probes the student will see for each assignment. You can also set the number of points a
SmartBook® module is worth in the course. Usually, applying a minimal number of points for completion of each
module is enough to encourage students to read the chapter. Many instructors assign these modules to be completed
before the class or online session.
SmartBook® provides several diagnostic tools for you to gauge which concepts your students struggle to understand.
Below is the set of adaptive assignment reports available in SmartBook®:
Student Details: View student progress details plus completion level breakdown for each module
Module Details: View information on how your class performed on each section of their assigned modules
Practice Quiz: This gives you a quick overview of the quizzes results for your students
Missed Questions
Metacognitive Skills
The Module Details report shows you the results for the students in the class overall. These details reveal where in
the chapters students might be struggling. The module gives the chapter section, average time spent, average
questions per student correct/total, and the percentage of correctness (based in number of assigned items).
Information about the most challenging sections for students can help you refine the focus of the next face-to-face,
hybrid, or online session.
The Metacognitive Skills report captures students’ confidence in their competency of the materials. Below you will
find a recreation of the Metacognitive Skills report. In it, you can see that the second student is confident and mostly
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Chapter 1 - Overview of Marketing M: Marketing 6th
correct (see the 91% in the Correct and Aware column) while the first student “doesn’t know what she doesn’t
know” (see the 39% in the Incorrect and Unaware column).
Book-level Resources
Application Exercises require students to apply key concepts to close the knowing and doing gap; they provide
instant feedback for the student and progress tracking for the instructor. Before getting into chapter-level
assignments, let’s first look at the book-level assignments available.
Three exercise types are available for instructors to assign beyond the chapter materials. These are 1) Marketing
Plan Prep Exercises, 2) Marketing Analytics Exercises, and 3) Marketing Mini Simulation.
1) Marketing Plan Prep exercises use guided activities and examples to help students understand and
differentiate the various elements of a marketing plan.
2) Marketing Analytics exercises are data analytics activities that challenge students to make decisions using
metrics commonly seen across the marketing professions. The goal of these activities is to give students
practice analyzing and using data to make marketing decisions.
3) Marketing Mini Simulation helps students apply and understand the interconnections of elements in the
marketing mix by having them take on the role of Marketing Manager for a backpack manufacturing
company. The simulation can be assigned by topic or in its entirety.
Chapter-level Resources
Chapter-level Application Exercises are built around chapter learning objectives, so you can choose which ones to
assign based on your focus for each specific chapter. Several types of Application Exercises are available in each
chapter. These are 1) iSeeit! Animated Video Cases, 2) Case Analyses, 3) Video Cases, and 4) Click-and-Drag
exercises.
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Chapter 1 - Overview of Marketing M: Marketing 6th
1) The iSeeit! Video series comprises short, contemporary animated videos that provide engaging
introductions to key course concepts. These are perfect for launching lectures and assigning as either pre-
or post-lecture activities. Each animation is accompanied by three to four multiple-choice questions to
check student attention and comprehension.
2) Case Analyses and Video Cases each feature real-world firms and industries different than those discussed
in the textbook. Each case analysis and video case is accompanied by questions that ask students to analyze
and apply marketing theory and concepts.
3) Click-and-Drag exercises help students actively demonstrate their understanding of the associated learning
objectives. Some require students to match examples to concepts, to place series of steps in the correct
sequence, or to group examples together under their correct categories.
Application Exercises can be assigned as preparatory exercises due before class (this is especially good for flipped
classrooms), or after class as concept comprehension checks. Consider assigning two or three Application Exercises
per chapter.
Applications Exercises will generally be assigned as homework or practice as part of the overall class grade. A
general rule of thumb would be to make application exercises worth 5 to 10 points each, since these require more
time and thought than a test bank question might.
To find the Applications in Connect®, go to “Add Assignment” and select “Question Bank.” Within this question
bank will find a drop-down menu of all the book-level assignments and chapter-level assignments. You can then
select the ones you wish to assign.
Chapter-level quizzes and full chapter test banks are also found in the Question Bank’s drop-down menu. Apply a
relatively low value to each question—for example, 1 or 2 points each—since numerous questions are typically
assigned for each chapter. You can decide when to surface the feedback to students. Selecting to display feedback
after the assignment due date helps to prevent cheating; that is, it keeps students from sharing the correct answers
with other students while the questions are still open and available. For this reason, it is suggested that no feedback
to quizzes and test bank exams be made available until after the assignment is due.
To fully utilize the power of the digital components, it is recommended that you assign the SmartBook ® reading and
adaptive learning probes before class meets. Application Exercises can be completed either before or after class; if
they are completed before class, they can sometimes serve as good springboards for class discussions. The chapter
quiz makes a good check on comprehension of the material and may work best if assigned after each class period.
The test bank serves as a good resource for building mid-term or final exams.
More detailed information on SmartBook® and Connect® is available through several resources at McGraw-Hill. A
good starting point is your local Learning Technology Representative, who can be found here:
http://www.mheducation.com/highered/platforms/connect/features-educators.html
Connect® gives instructors a wide array of flexibility in making assignments and creating grading policies.
Instructors may choose to:
assign as many assignments as appropriate given the level and time commitment expected for the class,
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Chapter 1 - Overview of Marketing M: Marketing 6th
determine point values for each question/application that works within the total course percentages,
make available multiple attempts per assignment with options of accepting the highest score or averaging all the
attempts together (several attempts are particularly good for homework assignments),
deduct points for late assignment submissions (percentage deduction per hour/day/week/etc.) or create hard
deadlines thus accepting no late submissions,
show feedback on application/questions immediately upon submission or at the time the assignment is due for
the whole class, create new assignments or questions from scratch, or edited versions from a variety of provided
resources.
Throughout the IM for each chapter, we integrate materials from the PowerPoint slides and provide summaries for
each of the Connect® Application Exercises at the end of each chapter. These summaries are intended to give you a
sense of the learning goal behind each exercise. We hope this integration of resources will help you to convey core
principles of marketing topics holistically, effectively, and efficiently to your students.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Chapter 1
Overview of Marketing
Chapter Overview
Brief Chapter Outline
Learning Objectives
Extended Chapter Outline
PowerPoint Slides
Additional Resources
Connect Application Exercises
Chapter Overview
In this chapter, the goal is to provide an overview of marketing and encourage students to think about the
specific aspects of the marketing mix.
Learning Objectives
LO1-1 Define the role of marketing in organizations.
Marketing is the activity, set of institutions, and processes for creating, capturing, communicating,
delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Marketing strives to create value in many ways. If marketers are to succeed, their customers must believe
that the firm’s products and services are valuable; that is, they are worth more to the customers than they
cost. Another important and closely related marketing role is to capture value of a product or service
based on potential buyers’ beliefs about its value. Marketers also enhance the value of products and
services through various forms of communication, such as advertising and personal selling. Through
communications, marketers educate and inform customers about the benefits of their products and
services and thereby increase their perceived value. Marketers facilitate the delivery of value by making
sure the right products and services are available when, where, and in the quantities their customers
want. Better marketers are not concerned about just one transaction with their customers. They recognize
the value of loyal customers and strive to develop long-term relationships with them.
Value represents the relationship of benefits to costs. Firms can improve their value by increasing
benefits, reducing costs, or both. The best firms integrate a value orientation into everything they do. If an
activity doesn’t increase benefits or reduce costs, it probably shouldn’t occur. Firms become value driven
by finding out as much as they can about their customers and those customers’ needs and wants. They
share this information with their partners, both up and down the supply chain, so the entire chain
collectively can focus on the customer. The key to true value-based marketing is the ability to design
products and services that achieve precisely the right balance between benefits and costs. Value-based
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Chapter 1 - Overview of Marketing M: Marketing 6th
marketers aren’t necessarily worried about how much money they will make on the next sale. Instead,
they are concerned with developing a lasting relationship with their customers so those customers return
again and again.
LO1-3 Understand why marketing is important, both within and outside the firm.
Successful firms integrate marketing throughout their organizations so that marketing activities coordinate
with other functional areas such as product design, production, logistics, and human resources, enabling
them to get the right product to the right customers at the right time. Marketing helps facilitate the smooth
flow of goods through the supply chain, all the way from raw materials to the consumer. From a personal
perspective, the marketing function facilitates your buying process and can support your career goals.
Marketing also can be important for society through its embrace of solid, ethical business practices. Firms
“do the right thing” when they sponsor charitable events, seek to reduce environmental impacts, and
avoid unethical practices; such efforts endear the firm to customers. Finally, marketing is a cornerstone of
entrepreneurialism. Not only have many great companies been founded by outstanding marketers, but an
entrepreneurial spirit pervades the marketing decisions of firms of all sizes.
C. Marketing Requires Product, Price, Place, and Promotion Decisions (PPT 1-8)
Adding Value 1.1: A Service for Fliers, a Moneymaker for JetBlue Airlines: Wi-Fi
Enabled Shopping in the Air describes how JetBlue has enhanced its service by offering
onboard Wi-Fi at no charge. Ask students if Wi-Fi is something they take into consideration
when purchasing a plane ticket.
Adding Value 1.2: The Meaning of Best Value: Whole Foods’ Purpose-Based
Marketing discusses Whole Foods’ philosophy that value means far more than pricing.
This could lead to a discussion on what “value” means to students.
1. Production-Oriented Era
2. Sales-Oriented Era
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Chapter 1 - Overview of Marketing M: Marketing 6th
3. Market-Oriented Era
Progress Check: Several questions are offered for students to check their understanding of core
concepts.
4. Connecting with Customers Using Social and Mobile Media (PPT 1-22)
Social & Mobile Marketing 1.1 What Comes Around: Marketing Today discusses how
marketers keep up with consumers’ rapidly changing demands.
Progress Check: Several questions are offered for students to check their understanding of core
concepts.
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Chapter 1 - Overview of Marketing M: Marketing 6th
2. How are marketers connecting with customers using social and mobile media?
Answer: Marketers are steadily embracing new technologies, such as social and mobile media, to
allow them to connect better with their customers and thereby serve their needs.
Ethical & Societal Dilemma 1.1: Free Fruit for Children: What Could Go Wrong? discusses
grocers that have set up stands to give away free fruit to children under a certain age. What do
students think of this idea?
Progress Check: Several questions are offered for students to check their understanding of core
concepts.
2. A firm doing the right thing emphasizes the importance of marketing to _____.
Answer: A firm doing the right thing emphasizes the importance of marketing to society.
Additional Resources
Place is one of the most difficult concepts for students because it is largely invisible to them as
consumers. They touch hard goods, experience services, view and hear promotions, and pay for what
they buy, but it can seem that products almost appear magically. One recent trend among
environmentally conscious consumers is to seek out products produced within a 100-mile radius of their
hometowns. Buying these products reduces costs and detrimental environmental effects by reducing
emissions associated with transportation and storage. Students should visit local grocery markets, identify
goods, and investigate how far the products traveled (and by what means) to reach the store’s shelves.
From this experience, a rich discussion of both distribution decisions and marketing’s impact on society
can evolve.
To make the eras of marketing clear to students, divide the class into groups with each group assigned to
a specific era. Ask the students to identify a business that adheres to their assigned era in terms of its
business philosophy and approach. They should present the business to the class with evidence of the
business’s philosophy. Each brief presentation should include an assessment of whether the orientation
is appropriate to the business given its competitive environment, target audience, and positioning strategy
and if not, what orientation would be best.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Activity
Introduction: Nearly a decade ago, the founders of Zipcar decided to bring the car-sharing
experience to the United States. Since then, Zipcar has developed the gold standard by offering its
members 24/7 access to thousands of cars around the world and creating a revolution in the way
many people think about alternate transportation.
Concept Review: Understanding the marketplace, and especially consumers’ needs and wants, is
fundamental to marketing success. Marketing focuses on creating value for customers, clients,
partners, and society at large.
Follow-up Activity
Zipcar has a special program targeted at universities. Ask the students the following questions:
How might students’ wants and needs differ from those of Zipcar customers in general?
What kind of marketing (B2C, B2B, C2C) is Zipcar engaging in when it works with universities to get
Zipcar locations approved on campus?
How can Zipcar create value for university administrators, such that they would be interested in
having Zipcar locations on campus?
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Chapter 1 - Overview of Marketing M: Marketing 6th
After discussing these points, visit the Zipcar website and look at the “for universities” tab. Note the two
columns addressing how Zipcar creates value for two different audiences: university administrators and
students.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Difficulty: Medium
Activity Summary: The student is presented with eight marketing activities performed by two travel
companies—one that manufactures products, and one that offers services. Students are asked to
classify the activities according to both the marketing mix element and the product type (goods or
services) it represents.
Activity
Introduction: Two travel-oriented companies—one a producer of goods, the other a service provider
—have different marketing mixes. In this activity, you categorize a set of statements about each
company's marketing activities according to the four Ps (product, price, place, and promotion).
Concept Review: Marketing traditionally has been divided into a set of four interrelated decisions
known as the marketing mix, or four Ps: product, price, place, and promotion.
A sentence of explanation is offered for each of the rectangles to the left when the student rolls the
mouse pointer over it.
Follow-Up Activity
In small groups, have students select a company/brand from which they buy products or services.
Then, have them fill in examples of marketing activities that fit into each of the four Ps.
Jeans
Activity
Introduction: Marketing involves satisfying the needs and wants of consumers. However, not all
consumers have the same needs and wants. The marketing of blue jeans is a good example of how
marketers develop a different marketing mix to suit the needs of different consumers.
Concept Review: First invented in the United States, blue jeans represent everything American. How
blue jeans went from their humble beginnings to the height of high fashion is a marketing success
story. There are dozens of brands, ranging from the $10 pair to the $1,000 pair, with numerous
offerings between the two extremes to meet the needs of every type of consumer. Marketers must
understand what consumers value in order to manage the marketing mix to deliver the right set of
benefits to different consumers.
Video: The video is presented to the student below the introductory information. The video plays
embedded on the page, after which questions are presented.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Follow-Up Activity
Then discuss: How could this scattergram be useful to marketers of each brand? Possible answers:
It shows the overall price range so a brand can tell if its price is unusually high or low.
It MIGHT indicate which brands are competing head-to-head (the ones whose dots on the
scattergram are closest together), though it’s important to note that pricing is only one dimension on
which brands can be similar or different. They may be targeting different age or size ranges, or aiming
to establish different brand images.
Activity
Introduction: Bottled water companies create value for customers even though they sell a natural
resource that is free and abundant. Water was first positioned as a premium product that indicated
status and sophistication. Since then, soft drink companies with large distribution networks, such as
PepsiCo and Coca-Cola, have marketed bottled water at lower prices.
Concept Review: The American Marketing Association states that marketing is “an organizational
function and a set of processes for creating, communicating, and delivering value to customers and
for managing customer relationships in ways that benefit the organization and its stakeholders.”
Although marketing is a multi-faceted function, its fundamental purpose is to create value by
developing a variety of offerings, including goods, services, and ideas, to satisfy customer needs.
Video: The video is presented to the student below the introductory information. The video plays
embedded on the page, after which questions are presented.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Hold a group discussion—or a structured debate, with students assigned to argue a particular position—
on the ethics of the bottled water industry. Some potential sources:
I. Summary of the issues from environmental and clean water advocacy groups:
http://www.prnewswire.com/news-releases/pepsicos-aquafina-launches-the-eco-fina-bottletm-the-
lightest-weight-bottle-in-the-market-61940397.html - a press release from Pepsi about the Aquafina
Eco-Fina® bottle.
http://www.dasani.com/dasani-water/index.html - twist - discusses Dasani’s recycling initiatives.
http://www.evian.com/en-us - Evian’s website contains several sections addressing concerns (“evian
and your health” discusses water quality; “evian and the environment” discusses various initiatives
related to environmental protection). Also, show one of the Evian Babies ads, which relate to its “Live
Young” slogan. https://www.youtube.com/watch?v=hE3HdcdZAxQ is probably Evian’s best-known
ad, featuring the Roller Babies. How might this ad, with its use of babies, help to combat the view of
bottled water as an unhealthy and environmentally undesirable product?
http://blogs.ei.columbia.edu/2009/08/11/“ethical”-bottled-water-companies - Discusses strategies of
Ethos water and others selling “ethical” bottled water.
Activity
Introduction: Founder Dan Kim opened the first U.S.- based Red Mango in Los Angeles in 2007. He
quickly expanded, and there are currently more than 200 locations in 27 states, plus a few locations
outside the U.S. Red Mango has successfully combined a healthy product (frozen yogurt) with cool,
fun shops to hang out in. Red Mango uses 100% all natural, non-fat or low-fat kosher, and gluten-free
frozen yogurt fortified with probiotics. It has expanded its menu to include fresh fruit smoothies,
parfaits, and probiotic iced teas. Red Mango was named the number one smoothie and frozen yogurt
chain in America in Zagat’s 2011 National Chain Restaurants Survey. The following video illustrates
how Red Mango delivers superior value to customers.
Concept Review: Marketing strives to create value in many ways. If marketers are to succeed, their
customers must believe that the firm’s products and services are valuable—that is, they are worth
more than they cost. Value represents the relationship of benefits to costs. Marketers deliver value
through the marketing mix (the 4 Ps): product, price, place, and promotion. Firms become value
driven by sharing information, balancing customer benefits and costs, concentrating on building long-
term relations with loyal customers, and creating connections with customers by using social and
mobile media. To achieve this, marketers must understand customers' needs and wants. Successful
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Chapter 1 - Overview of Marketing M: Marketing 6th
marketing also requires thoughtful planning, with an emphasis on the ethical implications of any of
those decisions on society in general.
Video: The video is presented to the student below the introductory information. The video plays
embedded on the page, after which questions are presented.
Activity
Introduction: Dunkin’ Donuts has been known for its donuts for over 60 years, but the company has
increased its focus on coffee, responding to the growing popularity of coffee drinks in the United
States. Dunkin’ Donuts has developed a strategy using the four Ps to help to differentiate it from its
many competitors. The company seeks to offer great products at a reasonable price, available at
convenient locations. Their goal is to “get you running in the morning and keep you running all day.”
Video: The video is presented to the student below the introductory information. The video plays
embedded on the page, after which questions are presented.
Follow-Up Activity
Discuss how Dunkin’ Donuts uses its strategy to differentiate itself from its major competitors in the
Coffee and Breakfast marketplace. Some points to consider:
o Dunkin’ Donuts focuses on good value at a reasonable price, mixing coffee and food.
o Starbucks focuses more on quality to justify its high price, and has a stronger focus on coffee
drinks, with food available but not a primary focus.
o McDonald’s offers food at all times of the day in addition to its McCafé offerings. It has thousands
of locations, and keeps a strong focus on low price and fast service.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Activity
Introduction: The worldwide chocolate market is huge, with cocoa bean growers spanning three
continents, processors located all over the world, and multiple chocolate brands serving the
preferences of different consumers. This activity is important because it gives you a solid “big picture”
view of the scope of marketing via the chocolate industry.
Follow-Up Activity
Students might enjoy learning about Dr. Dan Ariely’s “Hershey Kiss Experiment,” in which students were
offered a Lindt truffle or a Hershey kiss. When the truffle cost 26 cents and the kiss cost 1 cent, equal
numbers of students chose each; when the truffle cost 25 cents and the kiss was free, the vast majority
chose the kiss. It illustrates the power of “FREE!”, and is discussed further in this article:
http://danariely.com/2009/08/10/the-nuances-of-the-free-experiment/.
Activity
Video: The video is presented to the student below the introductory information. The video plays
embedded on the page, after which questions are presented.
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Chapter 1 - Overview of Marketing M: Marketing 6th
Follow-Up Activity
Compare Vosges to Godiva, which is probably the best-known luxury chocolate brand in the USA.
What advantages does Godiva have over Vosges? How can Vosges compete successfully with
Godiva (both in terms of its current activities and other things it might do)? Points to consider:
o Godiva has far more brand recognition, more of its own stores, and a wider distribution
network.
o Vosges has its innovative flavors; in addition, the very fact that it is not as well-known might
allow the brand to create a more exclusive, super-premium image.
Activity
Introduction: Value is when a customer receives more than they give up, such as when a customer
pays for a product or service. The definition of value often shifts based upon what each customer is
looking for in the product or service they are purchasing. Take for instance the Hernandez family and
their search for the perfect cup of coffee. Mom, Dad and Gabbie each place value on different
aspects of the coffee drinking experience. Gabbie looks for a unique experience, often provided by
independent coffee shops, and is willing to pay more for that experience. Mom, on the other hand,
wants the consistency and convenience provided by chains, while Dad is not interested in anything
fancy but is simply looking for a cheap cup of coffee. Before organizations can effectively market their
coffee to this family with such diverse needs, they need to understand where each consumer places
value and meet their needs using the marketing mix.
Video: The video is presented to the student below the introductory information. The video plays
embedded on the page, after which questions are presented.
Follow-Up Activity
Discuss some of the places around your university where people can go for a cup of coffee. How do they
differ in the value they offer?
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