Question: Read the choices in table 1 and 2 and based on your preferences discuss the main questions given at the end. Table 1 Coffee Shop

Read the choices in table 1 and 2 and based on your preferences discuss the main questions given at the end.

Table 1

Coffee Shop

Positioning/Marketing

Price

A

The leading brand of coffee shop heavily advertising on TV for 20 years well known and recognized

$5.30

B

Coffee shop makes authentic coffee beans from Brazil and Ethiopia Best coffee in the town

$5.00

D

A coffee shop that gives ALL profits to charity.

$4.60

E

Local Coffee shop help support the local community

$4.30

F

A coffee shop not known of any reasons or does not have positioning

$3.20

Table 2

Brand of Formal Shoes

Positioning/Marketing

Price

A

The leading brand of Shoes heavily advertised on TV for 20 years well known and recognized

$199

B

Imported high quality shoes from Italy

$170

D

A shoes brand that gives ALL profits to charity.

$155

E

Local shoes brand help support the local community

$140

F

A shoes brand that is not known for anything specific and does not have positioning

$89

Task:

First think about your preferences and reasons by answering the following three questions

  • Which would be your most preferred coffee shop? (assume that they are all located close to your home/office).
  • Is your preference predominantly based on positioning/marketing or price?
  • How does your preference with respect to coffee shop compare with your preference regarding shoes? Why?

Then, based on the above questions, discuss the following in 100-120 words:

To what extent is price the only aspect of consumers perception of value? Compare the two product categories/brands in your response.

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