Question: QUESTION 3 [ 2 5 MARKS ] Read the following extract and then answer the questions below. Lifebuoy soap in India Since inception in late
QUESTION MARKS
Read the following extract and then answer the questions below.
Lifebuoy soap in India
Since inception in late th century, Lifebuoy, was a nimble and good citizen brand of India,
reaching millions of rural customers with a promise of health and hygiene as a platform of its business. Its famous advertising jingle, tandurusti ki raksha karta hai Lifebuoy... was so famous that it enabled the brand Lifebuoy to be perceived as a red carbolic soap for several decades. The brand passed through prolonged stages of growth and maturity during most of the second half of th century and was faced with a decline stage during early st century with sales falling at the rate of per year. The downward trend of Lifebuoy carbolic soap sales made Hindustan Lever Ltd to withdraw the product category during and rejuvenate the brand with prudent marketing strategies by optimally utilising the brand image. Source: Extracted from IBS case Development Centre wibscdc.orgCaseStudiesMarketing
Using the above case, explain how Lifebuoy carbolic soap went through the product life
cycle stages since inception in the th century to Marks
ii Assume that Hindustan Lever Ltd decides to use Marketing Information System MIS to
develop its marketing strategies. Explain how information required for MIS could be
obtained through marketing intelligence. Marks
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