Question
Title: Marketing An Introduction by Gary Armstrong, Philip Kotler. Read Marketing at Work 15.1 - International Marketing: Targeting the Bottom of the Economic Pyramid on
Title: Marketing An Introduction by Gary Armstrong, Philip Kotler. Read Marketing at Work 15.1 - "International Marketing: Targeting the Bottom of the Economic Pyramid" on page 472-474 in Chapter 15 of the textbook (14th Edition). or pdf link page 499
After reading the article, complete the following:
- Begin by identifying one challenge and one opportunity presented by the bottom of the pyramid market (also referred to as BoP).
- Select a company and a product/brand (e.g., P&G's Tide). State the name of the company and the product/brand you selected.
- If you were the marketing manager of the company you selected, explain how you would approach marketing the product/brand you selected to the BoP in one of the countries mentioned in the reading by discussing the following aspects:
a. Product Innovation: Describe how you would innovate the product/brand to cater to the specific needs and price points of BoP consumers. b. Pricing Strategy: Explain your pricing strategy for the BoP market and how you would make the product/brand affordable. c. Positioning and Messaging: How would you position the product/brand to make it relevant to the BoP consumers. What messaging strategies would you use?
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