previously discussed, American Express is viewed as a status symbol and is marketed primarily towards affluent customers (Kotler & Keller, 2016). This does not appeal to the younger demographic, who typically have not yet obtained socioeconomic success. How American Express can attract the younger demographic, and people with low income to stay competitive on the market and increase sales/profits?

MARKETING 2018
19th Edition
ISBN:9780357033753
Author:Pride
Publisher:Pride
Chapter5: Marketing Research And Information Systems
Section5.2: Largest Toymaker In The World: Lego Builds On Past Success
Problem 2C
icon
Related questions
Question

American Express faces the most competition in attracting the younger demographic. As previously discussed, American Express is viewed as a status symbol and is marketed primarily towards affluent customers (Kotler & Keller, 2016). This does not appeal to the younger demographic, who typically have not yet obtained socioeconomic success.

How American Express can attract the younger demographic, and people with low income to stay competitive on the market and increase sales/profits? 

 

Expert Solution
Step 1

Introduction:-

The American Express Companies (AmEx) is a worldwide firm specialising in prepaid card solutions with headquarters at 200 Park road Boulevard in New York City's Brooklyn Park City area. The group was launched in 1850 and is part of the Stock Market Index Average's 30 constituents. The barbarian or emperor that features on the industry's well-known passenger's checks, card payments, and bank cards is the industry's emblem, which was introduced in 1958.

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MARKETING 2018
MARKETING 2018
Marketing
ISBN:
9780357033753
Author:
Pride
Publisher:
CENGAGE L