Marketing and Research Problems
Identify and describe in detail the fundamental source of the marketing problem or opportunity, decision problems arising from the marketing problem or opportunity, and possible research problems for each of the three scenarios (a, b, and c) under Applications & Problems #4 p. 47.
The paper must be two to three pages in length and formatted according to APA style. You must use at least two scholarly resources other than the textbook to support your claims and sub-claims.
4. In each of the following situations, identify the fun- damental source of the marketing problem or opportunity, a decision problem arising from the marketing problem or opportunity, and a possible research problem.
a. Cool Pool Supply is a manufacturer of swimming pool maintenance chemicals. Recently, a mal- function of the equipment that mixes anti-algae compound resulted in a batch of the product that not only inhibits algae growth but also causes the pool water to turn a beautiful shade of light blue.
b. The MBA director of a local college recently extended offers to 20 promising students. Only five offers were accepted. In the past, acceptance rates have averaged 90%. A survey of non- acceptors conducted by the director revealed that the primary reason students declined the offer
was their perception that the college’s course
requirements are too \restrictive.” c. Chocoholic Candy Company has enjoyed great
success in its small regional market. Management attributes much of this success to Chocoholic’s unique distribution system, which ensures twice-weekly delivery of fresh product to retail outlets. The directors of the company have in- structed management to expand Chocoholic’s geographical market if it can be done without altering the twice-weekly delivery policy.
Introduction
Innovation and marketing usually dependent on each other and are said to have intimacy. Innovation is usually directed to meet customers’ or consumers’ demands that are constantly evolving. Without meeting these needs, these innovations could be aimless and without proper direction. Technological and innovations developments should be highlighted through efficient and effective marketing strategies with the assistance of solutions that are creative. As a result of the relationship between marketing and innovations, analysis of marketing strategy is therefore essential to technology management and the process of technological innovation. Firms……………..
