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Assignment ;- 1
Ans :- The product lifecycle, in a marketing context, is all the stages of a product's life span that
are related to its promotion and sales.
The marketing lifecycle is traditionally broken down into four stages: introduction, growth,
maturity and decline.
1. In the introduction stage, the product is released to the market; pricing and branding decisions are
made and marketing begins.
2. In the growth stage, vendors work to increase brand recognition and market share.
3. In the maturity stage, market saturation has been achieved. The attempt is to maintain market
share. Once sales begin to decrease, extension strategies may be employed to try to keep the
product in the maturity stage.
4. Otherwise, the product is in its decline stage and an exit strategy may be set in motion.
The marketing lifecycle is less comprehensive than the concept of the product lifecycle in
manufacturing, which encompasses all the stages a product goes through from its initial
conception (beginning-of-life, or BOL) to its eventual disposal at the end of its useful life
Ans :- A computerized management information system (MIS) in all registered clients, counseling
sessions, and all medical visits provided to the clients with respect to hospital mana gement system of
any major hospitals. Non-computerized data from previous years only documented the number and
location of counseling sessions while the new MIS provides much more specific and detailed data. The
impact of computer-based information systems on manager’s work reflects decisions made by
managers themselves about how the technology is used. The impact of MIS is not an individually
stable and predictable. As a manager at any organization you can use non linear on -going process of
change that evolves over time and situations. In an organization you can develop a system, shape it
and also react it to any different way.
We cannot limit the impact of MIS to some specific areas. It has wide range of applications and has a
unique impact on each system. Now, MIS has become very important fact of all the information
systems that we cannot view any system without MIS.
Ans :- Environmental scanning is the communication of external information about facts that could
influence an organization on its’ strategic decision-making process. It is a method of analyzing relevant
gathered information and use to determine strategic and premeditated action on the business
environment. The environmental scanning process seek obtain both realistic and subjective information
on the business environments where a corporation is functioning or considering entering. It is the
possession and use of information concerning events, trends, and interaction in an organization's ext ernal
environment, the data of which could support management in scheduling the organization's future line of
action.
It is a systematic or methodical process since it strictly follows all involved steps or procedures properly.
It is an independent or autonomous process conducted by an external person. This person is not from
the marketing department of a company.
It is a periodic process because it is conducted continuously after some fixed interval of time.
Ans :- Internet marketing can have some disadvantages to the way a business operates. Below
shows some examples of challenges that businesses may face;
It is important for a business to manage their online market system. This can be very difficult
for a business as they regularly have to keep up to date with customer feedback and also
regularly update their website to keep customers interested. It is important that they keep their
website regularly updated so they can retain their customers and also this may help to attract
new ones as more people will become aware of the business. It is also important to reply to
customers questions and join in with customer discussions over the website. This provides a
good customer service which also helps to retain their customers. This could be a disadvantage
for a business as they would need to employ people who are specialists to keep their websites
maintained regularly; this could be very costly for them. ASOS have specialists who keep their
website up to date and also try to make it stand out from their competition. They also send out
regular emails to their customers informing them of latest products or any changes in the
business.
- Creating content
It is important that a business knows what target audience they are aiming their products at.
Once they know this they need to decide what content they should have on their website to
keep their target audience attracted. It is important that they provide products which are
different from their competitors so they keep ahead of their competition. A disadvantage for
having an online business is that you have to be patient as it takes longer for the business to
become well known and also for customers to become aware of the website. When setting up
an online business a business needs to think about making their website well presented and
easy to access, the costs of advertising, securing the website from hackers and viruses and
finding ways to keep ahead of the competition.
- Technical and Design skills – It is important to have technical skills when setting up an
online business, this is because online businesses websites regularly need updating and
need a lot of attention so it is important that the person maintaining the website has good
ICT skills and also good designing skills to attract customers.
- Making the website easy to use for customers – it is important that the website is easy
and simple to use for customers. If customers find it easier to navigate around the site
there is more of a chance for the customer purchasing from them again as they are
familiar with the website. Adding additional features such as; being able to zoom in and
out and seeing a 3D image of the product also helps to gain customers and is also
providing a better customer service.
- Making sure the website is secure for customers – There is always a chance for a
businesses website to be hacked or have a virus on it. It is important that a business has
security measures to prevent these things from happening. They also need to make sure
that all customer details are secure and no one has access to them.
- Carrying out research – a business needs to make sure that they carry out market research
before they start an online business. By doing this they can find out exactly what their
target customers want.
- Updating website regularly – for an online business it is important that they update their
websites regularly with all their latest prices and products. This will keep customers
interested and purchasing from them in future.
- Keeping ahead of competition – operating an online business has become more popular
over the years. A business needs find ways to keep ahead of their competition. They
could do this by offering cheaper prices and wider ranges of products.
- Advertising – another challenge faced by businesses is advertising and the costs of it.
Businesses need to consider if they want to advertise and how much they are willing to
pay to make their website well known.
Assignment NO- 2
Q 1.
i) What are the type of communication system
Ans :-