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- Assume you come up with an idea for a new electronic product you think your fellow students would really like. How would you go through the product development process? How would you accomplish each step within that process? Select a product you are familiar with and explain the stages of the product’s life cycle and different ways in which a company can extend its mature stage. What are some brands that you think use selective or exclusive channels? How does channel choice, in those instances, influence consumer perceptions of value? In what situations might selective or exclusive channels add real value? How does disintermediation benefit the consumer? How might it harm the consumer? Can you think of any revolutionary businesses created in the past few years due to disintermediation? Be sure to describe one not mentioned already in the chapter. By week six, you will complete a brief, marketing plan that follows the marketing plan rubric on the Assignments and Grading Page.…Why wouldn’t a producer of toothpaste just lower the price of its product rather than offer consumers a price off coupon? Discuss how promotion may support the pricing strategy and be in line with the positioning of the product.Discuss the below points used by the company Amazone (4 Ps) to become a successful brand. Product-product mix- Width, Length, Depth and Consistency Price- pricing strategies Place-Distribution strategy Promotion-Promotional strategy Explain in detail.
- A reputable FMCG company is holding its Annual Sales Conference on July 1 st , 2021 for its fiscal year sales plan. The company is interested in launching new product beside its existing product lines. The new product will be novel in the history of the company. 1. Discuss the types of distribution channel that could be used to deliver this product to end consumer.what is product policy, price policy, communication, and distribution. detailed answer ı needImagine that you are the newly hired brand manager for a T-shirt company whose new line is about to come out. Because of a major fashion magazine’s very positive review of the line, the company wants to reposition the brand as a premium youth (teens & young adults) brand. Your boss asks what price you should charge for the new T-shirt line. The current line, considered mid-range retail, is priced at $20. • Describe what method would you use? Why? • What do you think is the right price? How did you arrive at that? You are welcome to do some online research. Thank you for helping me!
- Importance of making a Marketing Plan? Why does a business need to make a promotional mix? The most effective pricing strategy to use when there is a brand new product in the market?Please do not give solution in image format thanku what recommendations would you give to Lucid in regard to product, pricing, promotion and place/distribution. Provide detailed explanations for each strategy. o Product o Pricing o Promotion o PlaceA brand is “a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or groups of sellers and to differentiate them from those of competitors”. ~American Marketing Association Brand Plays many roles, keeping this definition in mind try to explain what kind of roles Brands play for: - Customers - Company - Competitor
- What is a store brand and why do many of them imitate national brand packaging? Consider the effects social, marketing, situational, and psychological influences on consumer decision making. Is it ethical for a store brand to imitate the packaging of a national brand?Indicate the type of sales promotion that a producer might use in each of the following situations and briefly explain your reasons: 1) A firm has developed an improved razor blade and obtained distribution, but customers are not motivated to buy it. 2) A competitor is about to do a test market for a new brand and wants to track sales in yes market areas to fine-tune its marketing mix. 3) A big grocery chain won't stock a firm's new popcorn-based snack product because it doesn't think there will be much consumers demand.A game you developed for the mobile and tablet platform has become a huge hit. You are now considering launching a bags and other stationary items using the same brand name. The source of this choice is driven by ____ a) Network effects of the game b) Brand Name of the game c) Complementor's market penetration d) Low rivalry in the bags and stationary items