Written Assignment #2

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Jan 9, 2024

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1 Written Assignment #2 Kelsey Hamilton MKTG – 360 – Marketing November 20, 2022 Professor Keith Rieger
2 1. For your 1st key lesson, name a brand/product/service that is doing this well and describe how? One lesson I have learned about marketing is how often consumers will purchase a product from a company using geographical locations to market their products. If a certain product moves their manufacturing to another country, I expect both their quality and reputation would eventually deteriorate. If this happens, their total sales will decrease in the long term. “German engineering, it is a highly desirable aspect in the world of luxury automobiles, and it implies a sophisticated degree of precision and technical superiority. Germany, of course, has a special history with the automobile. Karl Benz patented the first internal combustion engine there in 1879, and his first automobile in 1886.” (CBC Radio, 2015) Overall, I think Mercedes is a great brand who has marketed themselves well. They are well known around the world but you will definitely be paying for the brand. However, their quality and superior image they portray is worth the extra money to certain consumers. 2. For your 2nd key lesson, name a brand/product/service that is doing this well and describe how? Another key lesson I have learned about is using different online platforms to market ideas and products. YouTube is the second-largest search engine in the world after Google. I think YouTube has delivered a service that allows many people to share their lives, their ideas and their products with the world. “ YouTube videos are another excellent way to build your brand in an authentic, genuine way. Similarly, one YouTube video can be used and reused in many different ways, so it’s a great tool to continue promoting your business.” (Evolve Global Marketing, 2022) 3. For your 3rd key lesson, name a brand/product/service that is doing this well and describe how? Another key lesson I have learned is about how business market their TV services. After CoVid hit in 2020, most of us were sitting at home a lot more. I found that Netflix was very strategic when they started releasing entire seasons at a time rather than episode by episode. “We believe the ability for our members to immerse themselves in a story from start to finish increases their enjoyment but also their likelihood to tell their friends, which then means more people watch, join, and stay with Netflix.” (Webster, 2022). This has been an effective marketing strategy for Netflix. I know many people who have cancelled their cable and only use Netflix now because they offer the newest shows and movies as well. However, I do think Netflix should be careful on their monthly fee. With the current economic state, if they raise the price too much, they could potentially lose customers in the long run.
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