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Characteristics of Different Types of Marketing Strategies

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Question 1
What are the advantages/disadvantages of electronic coupons for the consumer and for businesses? How do online coupons compare to traditional coupons? How have the target markets changed between the traditional and electronic coupons?
200+ word count

Question 2
List the possible benefits of using sweepstakes and contests at local retail stores. How might retail businesses use sweepstakes and contests to increase foot traffic? Ultimately, what is the primary value of sweepstakes and contests? Finally, list any sweepstakes or contests that they know and the perception of the effectiveness of the goals of the campaign.
200+ word count

Question 3
The sales team at a discount store (Wal-mart, Target, K-mart, etc) versus the sales team at a high end department store (Macy's, Nordstrom's, Saks Fifth Ave, etc). Formulate your approach and the type of personal selling/customer service you would use in each type of store. Are the target markets different? Are the customer expectations different and how does that affect pricing? 200+ word count

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Solution Summary

This solution of 1000 words explores the marketing strategies of retail stores such as coupons, sweepstakes and personalized customer service at different stores.

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Answer 1
Electronic coupons are a way to attract the customer by giving them discount on their purchasing from an online shop (Electronic Coupons and Their Benefits, 2008). Electronic coupons are very beneficial for the customers. Option of high-tech coupons technology is very easy to access in the online shopping and save the money of customers (Electronics Coupons, 2009). These coupons provide an easy way to the customer to purchase brand tem within reasonable price from their home without wasting time. For the perspective of business organizations, these e-electronic coupons are beneficial to attract the customer at global level and increase their target market (Electronic Coupons and Their Benefits, 2008).
Although these coupons are advantageous for both the customers and business but there are some disadvantages also. At the time of using these coupons it is necessary for the consumers to provide their personal details. If the website is not secure and authenticate, there might be chance to lose their private information (Nelson, 2007). This would be harmful for the customer. In concern of business organization, electronic discount coupons increase the cost of the company and reduced the profit level (Electronic Coupons and Their Benefits, 2008).
Traditional discount coupons are entirely different with the concept of online coupons. Consumers get the traditional coupons through the cutting of magazines and newspapers and through the retail shops when they go to shopping to that retail store (Kotler, 2002). On the other hand the consumers get online coupons through e-mail or the website of the organizations under the public relationship programs of the business organizations (Nelson, ...

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