Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pharma Sim company, answer the question:What are our goals, and what measures will be used to determine if we are on track? What strengths and
Pharma Sim company, answer the question:What are our goals, and what measures will be used to determine if we are on track? What strengths and weaknesses do we see in our brand and organization?its strengths are multifunctionality, high effectiveness, great brandawareness and high market share.Allround is one of the most effective brands on themarket at reducing multisymptom cold relief, especially in liquid form, and numberone brand in the OTC cold medicine category with market share of Allroundowned of the cold medicine market share and of the entire cold andallergy marketalso had the highest awareness of any brand and currently, percent of those queried mentioned the Allround brand without prompting, which isconsidered "unaided awareness." In addition, the Allround brand had the highest triallevel with and was the brand most frequently purchased with However, the company does not have variety of products on market to compete withother brands; in other words, line extension of its products has not been appropriatelytaken into consideration. The retention ratio the percentage of those who have triedthe brand who now purchase it most often for Allround was just lower thanseveral other brands such as Coughcure, Dryup, and End, which might be a signal offuture problems that consumers will decide to buy competitors' product with cheaperprice but same treatment.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started