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OPTION A - Please choose a name brand consumer product (good or service) and answer the following questions. What is the product? Fully describe it.
OPTION A - Please choose a name brand consumer product (good or service) and answer the following questions.
- What is the product? Fully describe it. You can use pictures and graphics in addition to your written description
- Who is the target market? Explain to me who you think the target market is.
- On what criteria is this market segmented?
- What demographic factors affected the choice of this target?
- What is the price strategy? Promotion strategy? Distribution strategy?
- How is the product packaged? Why?
- Who is the direct competition? Indirect competition? Which firms would be appropriate benchmarks for this firm? What competitive advantage does this product have?
- How are environmental factors affecting the marketing of this product? Consider social, demographic, legal, political, economic, technological, and competitive factors.
- Is the purchase of this product affected by psychological or social needs? Situational factors?
- Is the marketer attempting market penetration? Market development? Product development? Diversification?
- Does this company appear to have a total quality management orientation? What is its reputation on overall quality when compared to the competition?
- Is this firm known for being responsive to customers? Brainstorm a list of adjectives that describe this firm and its products. How does this list fit with the concept of value?
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