Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do the following: Look at the ads for these brands noted in the links below. Make sure to look at both brand's ads. This will

Do the following:
Look at the ads for these brands noted in the links below. Make sure to look at both brand's ads. This will help you see differences in their primary target markets and brand positionings.
You can also look at their social media and/or their website for insight into their target market and brand positioning, if you choose to do so. But the ads are the primary focus.
Facebook - State Farm
Facebook - Progressive
newsroom.statefarm.com,
progressive.mediaroom.com
3. Select one of these brands - State Farm Insurance or Progressive Insurance.
4. Answer the 3 question prompts below - Q1- Q3.
Important Notes:
The objective is to have about half of the class discuss each brand so there is discussion across both brands. Select the brand with the least amount of original posts.
Note in bold in your original post to Q1 and Q2 the brand you are going to talk about, Progressive or State Farm. Stick with that brand for Q1 and Q2.
Q1. After looking at all the ads, for the brand you selected describe the Primary Target Market for this brand of auto insurance product? Give at least 4-5 variables that describe the primary target market for the car insurance brand you are discussing.
Q2. How is the Brand's Auto Insurance Product Positioned in the Ad/Promotion? How is this brand unique or different? Recall positioning of a brand/product is how the consumer/user thinks about a brand/product, how they perceive the brand/product.
Companies can use their promotion to position and differentiate their brand to appeal to their target market. What messaging components in these auto insurance ads (or other sources you used) help you describe the positioning of the brand? What themes do the ads emphasize to distinguish their brand? Do they emphasize pricing, do they emphasize service, and/or something else as the key benefit? When the target consumer sees the brand's promotion, they think, 'This brand is for me because it ...'
Q3. Can you think of any products, brands, or services (for profit or not for profit) where you can tell you or a family member are definitely in their primary target market? Tell us the product, brand, or service and give some of the specific variables that describe you as being in their primary target market. Is there a visual you can post within your discussion so the class can see the ad/visual of the product/brand you are discussing? Variables to discuss here are the same as in Q2 prompt in this discussion. Also, if you have purchased or searched the brand in the past and are getting ads on your social media accounts due to this past behavior, this is remarketing/retargeting, Chp 15 in the text. You can mention this, but include some other specific variables, in addition to past search behaviors, that make you in their primary target market.

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

Quality Control Procedure For Statutory Financial Audit An Empirical Study

Authors: Siddhartha Sankar Saha, Mitrendu Narayan Roy

1st Edition

1787142272, 9781787142275

More Books

Students also viewed these Accounting questions

Question

How should a consultant be selected?

Answered: 1 week ago

Question

Why is a consulting contract needed?

Answered: 1 week ago