Momentum, a large, national sporting goods store, offers competitive prices and quality merchandise. For years, these qualities have earned them a top-notch reputation and secured their title as industry leaders. In recent years, however, quality and affordability do not seem to be enough to attract customers, as the chain has experienced a steady decline in revenue. Market analysts believe that the decline is due to a shift in the shopping experience that customers desire. The analysts claim that consumers no longer want to simply see products on shelves, they want to experience them. Which of the following, if true, supports the analysts' claims?

Minnesota Motors - Marketing Simulation Author: Anurag Gupta. If you are able to answer these, and perhaps other questions. 1575 Words 5 Pages. Marketing Essay.“Marketing is the activity, set of institutions, and processes for creating.

The decline in revenue was measured during a particularly grueling economic period marked by an unprecedented unemployment rate. Most small, locally-owned sporting goods stores feature demonstration clinics and product rentals to build confidence in their products. Best adobe audition plugins. A national competitor has recently installed practice areas for some of their sporting equipment and increased its profits by 15% in four months. A national pizza chain has begun offering monthly 'taste clinics' to examine and evaluate public response and feedback to its products.

Customer surveys indicate that many Momentum stores detract customers with poor customer service and grimy, unorganized facilities. Momentum, a large, national sporting goods store, offers competitive prices and quality merchandise. For years, these qualities have earned them a top-notch reputation and secured their title as industry leaders. In recent years, however, quality and affordability do not seem to be enough to attract customers, as the chain has experienced a steady decline in revenue. Market analysts believe that the decline is due to a shift in the shopping experience that customers desire.

The analysts claim that consumers no longer want to simply see products on shelves, they want to experience them. Which of the following, if true, weakens the analysts' claims? Most apparel retailers offer fitting rooms where customers can try on clothes for look, feel, and fit before purchasing. Momentum customers report that they prefer one brand of tennis racket over another due to both cost and quality. A survey of sports enthusiasts reports that customers are 50% more likely to make a purchase if they are first able to test the product.

Companies that offer the ability to try on or try out apparel or equipment have 30% higher sales than companies that do not offer this option. The decline in business was measured during a particularly grueling economic period, marked by an unprecedented unemployment rate. Momentum, a large, national sporting goods store, offers competitive prices and quality merchandise. For years, these qualities have earned them a top-notch reputation and secured their title as industry leaders. In recent years, however, quality and affordability do not seem to be enough to attract customers, as the chain has experienced a steady decline in revenue.

Market analysts believe that the decline is due to a shift in the shopping experience that customers desire. The analysts claim that consumers no longer want to simply see products on shelves, they want to experience them. Company leaders make a bold decision to carry out a complete renovation of the stores. They plan to install demonstration areas for most major sports sections, a rock climbing wall, putting green, and even new facilities to hold classes. They consider the changes an investment in the future. Before making these changes, the company would likely ask all of the following questions EXCEPT which one? How big should the demonstrations areas be?

What is the total cost of the renovations? How long will it take to recoup expenditures?

How will the customers react to the upgrades? Will the changes increase shopper satisfaction? Momentum, a large, national sporting goods store, offers competitive prices and quality merchandise.

For years, these qualities have earned them a top-notch reputation and secured their title as industry leaders. In recent years, however, quality and affordability do not seem to be enough to attract customers, as the chain has experienced a steady decline in revenue. Market analysts believe that the decline is due to a shift in the shopping experience that customers desire. Malayalam drama script pdf free download. The analysts claim that consumers no longer want to simply see products on shelves, they want to experience them. The public is thrilled with the alterations to Momentum's stores. On any given day, most stores are packed with shoppers and 'experiencers'.