Thursday, April 4, 2013

Viking Simmers a Strategy

?Viking Simmers a Strategy?. http://www.time.com/time/magazine/clause/0,9171,1655710,00.html .

1.How does Viking use branding to its emolument?Viking use branding to their advantage by positioning their merchandises at the superiorer price reach top of the line by investing their products as high feel and selling the idea of an experience (for gourmets in this case) instead of average a product.

-By focusing the design, pricing, and promotion on their gourmet head, the consumer identify Viking product as more than a range or a grill, only if a very functional set up of the kitchen that go away not only serve its purpose, but it will also be enjoyed.

-Due to identification of the brand, repeat sales are more probable since the customer already knows the brand and has expectations.

-Profits are higher(prenominal) because customers are willing to pay more for a product of brand they trust, than from some other brand they sire?t recognize (even though they may be the charter same product).

2.For Viking, what are the marketing implications of its implied warranty?It?s still by consumers that a product from Viking will be of high quality, which is considered an implied warranty that comes from unspoken promises and perception.

Implications for implied warranty could be:-Viking is forced to take high quality standards for their products in order to fulfill expectations for the target market.

-Legal actions could be taken against Viking if low quality products are sell when consumers expect otherwise, as it has been done in the past.

-The implied warranty offers an fillip for consumers to buy, and that brand equity is too valuable to be ignored when promoting.

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-Placement is carefully executed through distributor that will be able to meet expectations from implied warranties when it comes to customer service, delivery, etc.

-Pricing can be higher than average base on implied warranty for a product that will last longer and will offer break out satisfaction.

3.What level of distribution intensity does Viking use and why?Viking uses discriminating distribution since they have more than 80 distributors around the world, but due to the type of product (shopping almost specialty) and price, it is not change through massive distribution. Viking also tries to maintain an excellent image, and for that tenableness they must be selective about the distribution carry they use.

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