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Choose a brand, product, or service, real or imagined, and develop a complete marketing communication campaign designed to target a specific segment of the
Choose a brand, product, or service, real or imagined, and develop a complete marketing communication campaign designed to target a specific segment of the Hispanic market. Your strategy document should include: a. Situation Analysis: Provide an overview of the current situation of the brand, product, or service that you have chosen. This should include information about the market, the product itself, the customers, and the competition. It should also include a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis. b. Competitor Analysis: Identify the key competitors of the brand, product, or service that you have chosen. This should include both direct and indirect competitors. Analyze their strengths, weaknesses, market positioning, and marketing strategies. Discuss how your chosen brand, product, or service can differentiate itself from these competitors when targeting the Hispanic market. Your task is to select a specific industry vertical, such as retail, automotive, technology, healthcare, or education, and investigate and analyze its current efforts in Hispanic marketing. This will involve researching and reporting on the following: a. General Information about the Market: Provide a brief overview of your chosen industry vertical. Explain the key dynamics of the market, including its size, growth rate, major players, key trends, challenges, etc. b. Hispanic Market Description: Describe the Hispanic market within the context of your chosen industry. Identify the size, demographics, psychographics, and key trends within the Hispanic market. Also, explain the current marketing strategies that major players in your chosen industry vertical are employing to target the Hispanic market.
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