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In Assignment 2, using the same company from Assignment 1, you will focus on the company’s mission, introduction, and branding. Note: You may create and /or make all necessary assumptions needed fo
I also attached a copy of my paper from 2 weeks ago to go by.
In Assignment 2, using the same company from Assignment 1, you will focus on the company’s mission, introduction, and branding.
Note: You may create and /or make all necessary assumptions needed for the completion of this assignment.
Write a four to five (4-5) page paper in which you:
- Develop a branding strategy for your product that covers the brand name, logo, slogan, and at least one (1) brand extension.
- Assemble a marketing strategy for your product, and determine an appropriate time table to implement your plan. Provide a rationale for your response.
- Prepare a positioning statement. Include a perceptual map that shows your company’s position against its competitors. From this map, create a statement that depicts your position. For example, “Our product is the fastest in its class for half the price.” Note: See pp. 54 – 55 in the textbook for examples of perceptual maps. You may use Microsoft Word, PowerPoint, or other equivalent software to create your perceptual map.
- Examine the relevant consumer behavior for your target market. Explain the main reasons why the brand name, logo, slogan, brand extension, as well as the positioning statement and marketing strategy are right for the identified target market.
- Develop your company’s mission statement and company introduction.
- Use at least three (3)academic resources as quantitative marketing research to determine the feasibility of your product / service. These resources should be industry specific and relate to your chosen product / service. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
- Analyze the marketing framework including the concepts of the 5Cs, STP, and 4Ps.
- Examine the marketing science of customer behavior and products in the marketing exchange process and create dynamic strategies for competing.
- Evaluate the basis for market segmentation and approaches to segmentation.
- Evaluate target customer segments and positioning products within these segments.
- Examine the marketing science of customer behavior and products in the marketing exchange process and create dynamic strategies for competing.
- Develop branding strategies for existing and new products.
- Use technology and information resources to research issues in marketing management.
- Write clearly and concisely about marketing management using proper writing mechanics.
It is very important to make sure that you align your pricing strategy with your target market and branding strategy. Below are various different businesses and pricing strategies.Match each business
It is very important to make sure that you align your pricing strategy with your target market and branding strategy. Below are various different businesses and pricing strategies.
- Match each business with the pricing strategy that you believe the business is using.
- Discuss why you think the business is using the pricing strategy that you did.
Pricing Strategy
Penetration PricingPricing SkimmingPremium PricingCompetitive PricingEconomy PricingPromotional Pricing
Business
Bentley MotorsMotorolaKohl’sDish Network
4) Discuss the components of the traditional and hospitality marketing mixes, and how is it used?8) Why is relationship marketing so important to a hospitality firm and how does it benefit the firm?
4) Discuss the components of the traditional and hospitality marketing mixes, and how is it used?
8) Why is relationship marketing so important to a hospitality firm and how does it benefit the firm?
9) What are search and experience qualities and how are they used by consumers to evaluate services?
10) Define relationship marketing?
11) What are some of the internal and external influences on consumer purchases?
List and discuss the five stages in the consumer decision-making process?
13) What are the three problem-solving techniques used by consumers, explain the differences?
15) What are the five components of the buy unit?
14) How does the decision-making process differ between consumers and organizations?
16) What is market segmentation?
17) What variables are used to segment target markets?
18) Discuss the criteria for effective segmentation?
19) What are the four steps in the market segmentation decision process?
20) Describe the four steps in the positioning process?
