Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A March 1, 2018 article in the Business Insider discusses the pending launch of a Brooklyn-based startup known as Light and its new product, the

A March 1, 2018 article in the Business Insider discusses the pending launch of a Brooklyn-based startup known as Light and its new product, the "Dumb Phone." It is described as a ". . . minimalist phone that can do only a handful of things. The phone doesn't have any apps. Instead it can make calls, send texts, handle simple directions, and set alarms. Light, the company behind the phone, wants to make a device that is used as little as possible to get people off their smartphones." Assume that the "Dumb Phone" looks just like an iPhone X but will cost consumers about a third as much (for the phone as well as the service).

According to Rogers, what characteristics of the "Dumb Phone" are likely to help its adoption by consumers or hurt it? Please identify a consumer market segment that you think would be best for Light to target, and discuss why you think so. Identify a consumer segment that you think will NOT be a good segment for Light to target, and explain why you think so. Assume the company has a budget of a few million dollars to advertise and promote the product. Please discuss key marketing actions the company should take in order to take advantage of the "Dumb Phone's" characteristics likely to help its adoption by consumers, and to mitigate the influence of characteristics likely to hurt its adoption.

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

Marketing management

Authors: Philip Kotler, Kevin Lane Keller

14th Edition

9780273753360, 132102927, 273753363, 978-0132102926

More Books

Students also viewed these Marketing questions