Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 4 talks about segmenting, targeting, differentiation, and positioning, in regards to the overall market. The insurance provider, GEICO, wants to be certain it is

Chapter 4 talks about segmenting, targeting, differentiation, and positioning, in regards to the overall market. The insurance provider, GEICO, wants to be certain it is targeting a variety of different segments, so the company is constantly running a multitude of different campaigns simultaneously. At any given time, you may see the cave men, the gecko, the guy who asks rhetorical questions, or one of their other famous campaigns. Watch a few of their official commercials, and then answer a few questions.

  1. Why might it be beneficial for GEICO to run all of these different ad campaigns simultaneously and how could this hurt them?
  2. Which different target markets might GEICO be trying to reach with these different commercials? Why might they appeal to certain groups and not to others?
  3. Which GEICO commercial is your favorite?(You do not have to choose one of these).Why do you think that ad appeals to you?

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_2

Step: 3

blur-text-image_3

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

Business research methods

Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff

8th Edition

978-032432062, 0324320620, 1439080674, 978-1439080672

More Books

Students also viewed these Marketing questions

Question

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

Write short notes on departmentation.

Answered: 1 week ago

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago