Question

Choose one marketing strategy you would recommend that the company avoid. Make sure that you explain...

Choose one marketing strategy you would recommend that the company avoid. Make sure that you explain why it should avoid this strategy. Outline the 4 P’s (price, place, promotion, and product) for the strategy. If you made changes to one or more of the 4 P’s, could this strategy be more likely to succeed?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

I would recommend company to avoid strategy like

◆ IGNORING TREND

In this new world as in the modern world of technology new trends are spread through social media like facebook, instagram ,pinterest etc.

By not giving attention and avoiding what the customers talking and what they like may decrease your company's attention on customers.by avoiding these you are wasting valuable resources.You should care about these new changes happening in trends and make sure what people want and where they would go to find it.

Yes by changing the Ps we can succeed in this by finding new trend and changing our product partially may help you .

Also by knowing where they go to find the product will help you to chose the correct and appropriate place for your market and it gives you success in your work.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The foundation of every marketing strategy is the identification of a target market and the development...
The foundation of every marketing strategy is the identification of a target market and the development of a marketing mix. The marketing mix is commonly referred to as the 4 P's of marketing: Product Price Place (also called distribution) Promotion Think about a fairly significant purchase you made recently and analyze how this product or service was marketed to you by the company. Do you think you are part of the target market that the company identified for this product?...
Create a multi-strategy intervention to increase the use of face masks by children in elementary school...
Create a multi-strategy intervention to increase the use of face masks by children in elementary school classrooms. Note: You should describe at least three strategies for your program. Outline a marketing plan for your intervention, specifically describing the 4 Ps (product, price, place, and promotion).
Write a marketing strategy for a indoor sports complex that should outline your strategies for product/service...
Write a marketing strategy for a indoor sports complex that should outline your strategies for product/service mix, pricing, promotion, place/location, and positioning. 1. Product/Service Strategy – what mix of products and services will you sell and how does that best meet customer needs and how does it compare to your competitors. 2. Pricing Strategy – how will you price your products/services relative to competitors, and what impact will that have on your volume of sales. 3. Place/Location Strategy – how...
Compare and contrast the selling and marketing concepts and tell me which you would recommend for...
Compare and contrast the selling and marketing concepts and tell me which you would recommend for a company like Apple. Choose one or two Apple products (ie. The iPhone or the iPad) and explain which approach would best generate revenue from their sales and why. In doing so, identify your target market and develop a value proposition to properly target them. 1. Define and describe the selling and marketing concepts. 2. Which Apple product(s) will you use to answer this...
I have choose Nike's football boots as my product. To further enhance your understanding on Marketing,...
I have choose Nike's football boots as my product. To further enhance your understanding on Marketing, this is the continuation from your previous assignment. Now you are taking the role of marketing consultant making suggestions for ways to improve the effectiveness of the marketing mix. After discussing the target market from your previous assignment, you should now discuss the marketing-mix (4-Ps) the organisation is using to attract the chosen target market. You should describe each of the 4-Ps, then discuss...
rfwScenario: You currently work as the marketing manager of your favorite company/organization and manage the success...
rfwScenario: You currently work as the marketing manager of your favorite company/organization and manage the success of one of its products or services. Your responsibility is to monitor the stages of the Product Life Cycle (PLC) and adjust the marketing strategies as needed for your product to thrive for as long as possible. At each stage, you assess changes you need to make to the product, price strategy, as well as competition and profit. Create a presentation with speaker's notes...
Ontario has long winters which poses a problem for perents in the winter when it is...
Ontario has long winters which poses a problem for perents in the winter when it is very hard to run around with kids outside and it means they are constantly looking for things to do. One solution to this problem would be an indoor kids’ play area. We want you to provide an outline of what a product offering could look like. There are a few things you should make sure you consider. First, think about as many relevant needs...
Choose one from each question: Marketing communications are the means by which firms attempt to ________,...
Choose one from each question: Marketing communications are the means by which firms attempt to ________, persuade, and remind consumers about the products and brands that they sell. inform interest none of the above attract reach 1 points    QUESTION 5 Which of the following is a shortcoming of advertising? It does not allow dramatization of brand or company. It is too customized and only attracts niche markets. Lagged effect. It can only be used to attract target or specific...
Elasticities are one measure firms need to understand to effectively price their product and make price...
Elasticities are one measure firms need to understand to effectively price their product and make price changes. Explain what an elasticity is and what it measures. What might be an example of a more elastic good? What might be an example of a more inelastic good? Explain why. What importance do you feel it is for firms to understand the elasticity of their products they are selling?
Scenario: You work in the marketing department of a new company. The company intends to sell...
Scenario: You work in the marketing department of a new company. The company intends to sell European made kitchen appliances online. These include dishwashers, stoves/ stove tops, ovens, exhaust fans/ canopies/ range hoods, refrigerators, freezers, garbage disposals, sinks and taps, microwaves. They have organised an efficient and effective import procedure for the products they are offering. They now need to develop an appropriate marketing mix for the company. This is a new business and it is important to make the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT