Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Chosen company: IKEA. Product: Lunching their own cars 2. Provide a brief description of each external Marketing Environmental factor (CREST) as it relates to

1. Chosen company: IKEA. Product: Lunching their own cars

2. Provide a brief description of each external Marketing Environmental factor (CREST) as it relates to your chosen company and product. (Competition, Regulatory, Economic, Social and Technological).

3. Conduct a SWOT analysis of your chosen company and product include a brief description of each internal marketing mix element of your chosen company (Product, Price, Place, Promotion). Clearly identify strengths, weaknesses. Identify external opportunities and treats based on your CREST analysis above.

4. Include a SMART Marketing Objective for your new product's marketing plan.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Marketing

Authors: Louis E Boone, David L Kurtz

14th Edition

032458203X, 978-0324582031

More Books

Students also viewed these Marketing questions

Question

=+How might you explain this phenomenon?

Answered: 1 week ago