Define the marketing information system and discuss its parts. LO 4.3: Outline the steps in...
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Define the marketing information system and discuss its parts. • LO 4.3: Outline the steps in the marketing research process. • LO 4.4: Explain how companies analyze and use marketing information. O Scenario eCompeteUSA is a competitive video gaming tournament company headquartered in Palo Alto, California. Video game tournaments are organized competitions where multiplayer video games are played for cash prizes of up to $500,000. Gamers and fans are flocking to tournaments both in- person and virtually. Recently, an eSports tournament housed at the Staples Center sold out in under an hour, which surprised even industry insiders. eSports is gaining popularity worldwide with audience sizes exceeding 134 million. The industry is currently valued at over $747 million, and many predict that the value will top $1.9 billion by 2020.The industry is currently dominated by males (85% male, 15% female) and young people (60% of viewers are under 35 years old). Currently, eCompete USA has a relatively small share of the market, but the company feels there are significant opportunities for growth and profitability. You have recently been hired as a research analyst reporting to the VP of Marketing, whose task is to help eCompeteUSA grow its business. Define the marketing information system and discuss its parts. • LO 4.3: Outline the steps in the marketing research process. • LO 4.4: Explain how companies analyze and use marketing information. O Scenario eCompeteUSA is a competitive video gaming tournament company headquartered in Palo Alto, California. Video game tournaments are organized competitions where multiplayer video games are played for cash prizes of up to $500,000. Gamers and fans are flocking to tournaments both in- person and virtually. Recently, an eSports tournament housed at the Staples Center sold out in under an hour, which surprised even industry insiders. eSports is gaining popularity worldwide with audience sizes exceeding 134 million. The industry is currently valued at over $747 million, and many predict that the value will top $1.9 billion by 2020.The industry is currently dominated by males (85% male, 15% female) and young people (60% of viewers are under 35 years old). Currently, eCompete USA has a relatively small share of the market, but the company feels there are significant opportunities for growth and profitability. You have recently been hired as a research analyst reporting to the VP of Marketing, whose task is to help eCompeteUSA grow its business.
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Marketing Information System MIS A marketing information system MIS is a systematic approach that collects analyzes and manages relevant data to support marketing decisionmaking It consists of people ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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