Mkt558 Draft Individual Assignment 1
Mkt558 Draft Individual Assignment 1
Mkt558 Draft Individual Assignment 1
PREPARED BY:
STUDENT ID:
2017165037
GROUP:
BA2424D
PREPARED FOR:
The online consumer variables are purchasing, prices, market research and
electronic commerce(e-commerce). We will discuss on e-commerce of FashionValet,
FashionValet is an e-commerce startup from Malaysia that caters to South East Asia’s
tastes and preferences in fashion. Given its humble startup background which means
trying to make the most of a limited marketing budget- one of FashionValet’s
challenges is t gain a strong foothold in a competitive region where competitors have
more marketing funds- according to the case study: FashionValet increases new
customer traffic, visitor engagement and sales with full-funnel strategy.
b. Search, explain and justify the impact of macro environment towards the
selected website or social media.
The macro environment consists of six different forces. The forces are
Demographic, Economic, Political, Ecological, Socio-cultural and Technological
forces.
We will be discuss on the demographic force which is this force relate to people.
The marketers should keep a close eye on demographics. This may include all kinds of
characteristics of the population such as size, growth,density and gender structure.
According to the website of FashionValet, the demographic factor of FashionValet is
offers a wide selection of ready-to-wear garments for women, men and kids, from
modest and contemporary attire to lingerie, accessories, shoes and swimwear, and
boasts fast delivery and best-in-class user experience for consumers around the
world.
The economic factor is the costs incurred by FashionValet include those related to
warehouse and logistic, operational cost, staff salaries, online platform development
and maintenance, delivery cost and also for sales and marketing purposes.