MKT205_Module_Four_Milestone

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Southern New Hampshire University *

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23EW3

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Marketing

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Feb 20, 2024

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docx

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1 Module Four Milestone Worksheet: Promotion and Price Amanda Robaska Southern New Hampshire University MKT 205: Applied Marketing Strategies David Maddox November 19, 2023
2 PRODUCT “healthy” carob (chocolate substitute) bars PERSONA Her name is Claire., She is 42. PROMOTION FIRST MARKETING CHANNEL Description of first marketing channel: The first marketing communication channel that we would be using is an in-person event. A taste testing at a grocery store or a booth near the YMCA she and her family attends. Why this channel is appropriate for this persona: Claire loves to socialize. Whether she is out with her family, friends, or coworkers. She is most likely to pay attention to something that is more in her face, or out in the world than something that is on TV or on the radio. SECOND MARKETING CHANNEL Description of second marketing channel: My second marketing communication channel would be a little less traditional and i would use digital marketing. I would like to use social media. I think this would work for my target market. Especially because everyone uses it for one reason or another. Why this channel is appropriate for this persona: I would choose the digital marketing channel as my second option because again, Claire likes to be social. She likes to see what her friends and family are up to using social media and she is more likely to see come across ads as she is using these platforms. PRICE PRICING FACTOR: COMPETITOR PRICING Competitor pricing: Competitor pricing is when the seller knows that the buyer has already done their homework and that the buyer understands the cost of the comparable items. The seller has to price their items to entice those buyers to buy their items instead. The seller needs
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