Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.6 Case Study: Toothfish Lee Lantz was a fish buyer working in South America when he observed a couple of fishermen carrying a fish
1.6 Case Study: Toothfish Lee Lantz was a fish buyer working in South America when he observed a couple of fishermen carrying a fish with them as they were leaving the docks. It was an ugly thing, with big protruding teeth, and he asked them what it was. "Toothfish" was one reply: "cod of the deep" said the other. The five-foot long fish was too big for one person, and mistaking it for some type of bass, Lantz bought a piece and fried it up. Disappointed by the lack of flavor, he thought at first of ignoring the fish. But after thinking a while, he wondered if people might actually like a product that wasn't "fishy." Had he found something worthwhile? First, though, it needed a name. Anything called toothfish wasn't likely to sell too well. Lantz thought consumers were familiar with bass, so he tried variations: Pacific bass, South American bass, and so forth. He finally settled on Chilean sea bass as a name with an exotic flavor. Then, he shipped some to chefs in New York City, asking them to try the fish and use it in their most exotic dishes. He got some wholesalers and distributors to carry it, aiming for the top of the restaurant market. That didn't really work. He got a few sales, just enough to keep him going, but it just wasn't working Then came a big break. A fish stick company, finding halibut's price rising too rapidly, decided to buy out Lanta's entire stock from one of the wholesalers that carried the fish. A distributor then realized it made a good substitute for black cod, a common Chinese fish used in restaurants, at a lower cost. Then more celebrity chefs tried it, and it wasn't long before Bon Appetit magazine listed the fish as dish of the year. The fish's lack of flavor actually made it especially good for carrying sauces and being the center of exotic dishes. The fish became so popular that it was nearly fished to extinction. please answer the questions below based on the case study above. paragraph 1: Name of the Marketing Activity #1 as defined by AMA (a) define the activity (b) assess how Lantz performed the activity paragraph 2: Name of Marketing Activity #2 as defined by AMA (a) define the activity (b) assess how Lantz performed the activity paragraph 3: Name of the Marketing Activity #3 (a) define the activity (b) assess how Lantz performed the activity paragraph 4: Name of the Marketing Activity #4 (a) define the activity (b) assess how Lantz performed the activity See the rubric for how the paper will be graded.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started