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QUESTION

**For Ultimate_Writer**

Learning Outcomes

  1. Offering.  Student can describe an offering based on features, benefits, price, and costs of ownership
  2. Type of consumer offerings.  Student can suggest marketing strategy implications based on the type of consumer offering under examination.
  3. Product line extensions or new product development.  Student can suggest possible product line extensions or related product or service offerings based on the student’s chosen product or service offering.
  4. Product lifecycle. Student can suggest potential marketing strategies based on the product or service’s lifecycle stage.  

Directions

  • Your job in this Writing Assignment is to develop marketing mix strategies to ensure a value offering for the target market you identified in the previous assignment. We begin with the value offering this week.  
  • We don’t expect you to develop strategies based on a total knowledge of the product or service since you are not, or most likely not, employed by your product or service’s company.  We will be looking to see if you can apply the marketing concepts to the real world situation. 
  • Again, do not fall into the trap of reporting on the product or service.  This is obvious because your assignment will look like a rewrite of the company’s website.  Don’t be afraid to make strategy recommendations based on what you have discovered about the product or service, and how you think it can move forward.  Be creative, be reasoned, take risks.  
  • Remember your product’s target market(s) from the previous paper.  Always keep them in mind when making your recommendations.  You now work for the company, and your goal it to help them grow sales.  
  • Prepare your assignment beginning with a title page including your name, your product or service, and the name of your target market.  Then answer each of the following four questions in order and number the beginning of each question.  There is no need to repeat the question text.  
  1. Offering.  Describe your product or service offering as it is currently in terms of features and benefits, price and the total cost of ownership as discussed in the week's readings.  Is it more product dominant or service dominant?  What are the tangible and intangible aspects?
  2. Type of consumer offering.  Based on the four categories of type of offerings discussed in course content,  describe the category in which your product or service offering belongs.  Based on your new target market, would that category of the offering change and if so, how?  How would it change the marketing strategy?  
  3. Product line extensions or new product development.  Should the current product or service be modified to more fully meet the needs of your new target market?  Would the changes constitute a new product line, a product line extension or a new product?  If no product changes are needed, how does the same product or service meet the need of your target market differently than current customers?  Would the product line extension or new product allow the offering to occupy uncontested space in the perceptual map for the target market as covered in thr previous paper?
  4. Product lifecycle.  In which stage of the product lifecycle is your product or service offering now? Would the changes described in number 3 above change the lifecycle stage and if so how?  What would this mean to the lifecycle marketing strategy?  

Part 2 - Using Marketing Channels and Price to Create Value for Customers

Learning Outcomes

  1. Marketing Channels.  Student can outline a multi-channel distribution system
  2. Marketing channel strategy.  Student can recommend a marketing channel strategy for a product or service offering that assures the correct amount of intensity.
  3. Value chain.  Student can discuss how each channel in the product or service offering adds value to the customer.
  4. Pricing strategy.  Student can analyze a current pricing strategy and make recommendations for modifications.

Directions

  • This part of the assignment assesses your ability to relate marketing mix concepts of distribution and pricing to your product or service offering.  You will also have a chance to recommend new distribution and pricing strategies based on your new target market to meet their needs.  
  • Answer each of the following four questions, in order, numbering each of your responses.  There is no need to repeat the question.  
  1. Marketing channels.  To the best of your ability, outline the marketing channels of your product or service offering as they currently exist.  Refer to Figure 6.2 for some ideas.  Most product and service offerings will have more than one channel, so your system should include at least two; for example (1)  a direct channel for internet sales:  manufacturer --> customer; and  (2) an indirect channel such as manufacturer --> distributor --> wholesaler --> retailer --> customer. If your product or service only has only a direct channel, explain why.  Would this channel strategy change as a result of your new target market?  Why or why not?
  2. Marketing channel strategy.  Why type of distribution intensity strategy does your product or service currently use?  How do you know this?  Would this distribution intensity strategy change for your new target market? Why or why not?
  3. Value chain.  Referring back to your marketing channel diagram, discuss what each member of the value chain does to bring value to the consumer.  
  4. Pricing strategy.  Referring to the various pricing strategies outlined in the week's readings, which one does your product or service currently use?  Would you recommend any changes for your new target market?  If so, how would you change it and why? 

General Submission Requirements

  • Prepare as a word processed document (such as Microsoft Word). Use a simple 12-point font such as Times New Roman.  Use black ink for majority of your work and only use colors if it enhances your ability to communicate your thoughts.  
  • Your assignment should be the equivalent of approximately five pages of double-spaced text, approximately 1/2 page for each of the eight questions (four in Part 1 and four in Part 2).  You may attach exhibits that will not be counted towards the page count of double-spaced text. The cover page and Bibliography page are not part of the five pages of written analysis.
  • Be sure your name, writing assignment number, and the name of your product or service are on the cover page of your writing assignment.
  • Include a bibliography, which includes at least four references.
  • You may use MLA or APA style, or any other college-level style guide. More information about using a style guide can be found in the UMUC's virtual library accessible from your LEO classroom or at umuc.edu/library.   
  • Upload your word processed document in your LEO assignments folder by the due date in the LEO calendar.  

Refer to the grading rubric for the assignments.  Be sure to note that 20% of your grade on this assignment will be based on your grammar, composition, adherence to the submission requirements, and use of an appropriate college-level style guide for writing and referencing.  

Any questions?  Please post in the general discussion forum for Week 6.

Hide Rubrics

Rubric Name: Weekly Writing Assignments Rubric

       CriteriaLevel 44 pointsLevel 33 pointsLevel 22 pointsLevel 11 pointLevel 00 pointsMarketing Concept #1

Student exhibits a high level of understanding of the first marketing concept in this writing assignment and can precisely apply the concept to a real product.

Student exhibits a good level of understanding of the first marketing concept in this writing assignment and can generally apply the concept to a real product.

Student exhibits an average level of understanding of the first marketing concept in this writing assignment, but may not have been able to apply the concept to a real product effectively.

Student exhibits a poor understanding of the concept and cannot  demonstrate the concept's applicability to a real product.

Student did not attempt or effort was off track.  

Marketing Concept #2

Student exhibits a high level of understanding of the second marketing concept in this writing assignment and can precisely apply the concept to a real product.

Student exhibits a good level of understanding of the second marketing concept in this writing assignment and can generally apply the concept to a real product.

Student exhibits an average level of understanding of the second marketing concept in this writing assignment, but may not have been able to apply the concept to a real product effectively.

Student exhibits a poor understanding of the concept and cannot  demonstrate the concept's applicability to a real product.

Student did not attempt or effort was off track.  

Marketing Concept #3

Student exhibits a high level of understanding of the third marketing concept in this writing assignment and can precisely apply the concept to a real product.

Student exhibits a good level of understanding of the third marketing concept in this writing assignment and can generally apply the concept to a real product.

Student exhibits an average level of understanding of the third marketing concept in this writing assignment, but may not have been able to apply the concept to a real product effectively.

Student exhibits a poor understanding of the concept and cannot  demonstrate the concept's applicability to a real product.

Student did not attempt or effort was off track.  

Marketing concept #4

Student exhibits a high level of understanding of the fourth marketing concept in the writing assignment and can precisely apply the concept to a real product.

Student exhibits a good level of understanding of the fourth marketing concept in this writing assignment and can generally apply the concept to a real product.

Student exhibits an average level of understanding of the fourth marketing concept in this writing assignment, but may not have been able to apply the concept to a real product effectively.

Student exhibits a poor understanding of the concept and cannot  demonstrate the concept's applicability to a real product.

Student did not attempt or effort was off track.  

Grammar, composition, adherence to submission requirements, effective use of references

Student submitted a professional document with no typos or grammatical errors.  Assignment adheres all all submission requirements outlined in the syllabus. Student demonstrated superior research and referencing skills and uses a college-level style guide.

Student submitted a  good document, may have a few typos or grammatical errors.  Assignment adheres to all submission requirements outlined in the syllabus.  Student demonstrated adequate research and referencing skills, but may have some issues with attribution of statements of facts or others' opinions, uses a college-level style guide.

Student submitted an acceptable document, may have an unacceptable number of distracting typos or grammatical errors.  Assignment does not adhere to all submission requirements outlined in the syllabus.  Student demonstrated poor research and referencing skills leaving most statements of facts and others' opinions unattributed, and attributions may not be in the form of a college-level style guide.

Student submitted a poor document, typos and grammatical errors very distracting to the reader.  Assignment does not comply with most submission requirements as outlined in the syllabus. Students does not demonstrate any research and referencing skills.  Writing style needs significant help.  Suggest student seek the services of UMUC's Effective Writing Program before submitting further assignments.

Student does not submit a writing assignment on time or in an acceptable format.  

Overall ScoreLevel 514 or moreLevel 411 or moreLevel 38 or moreLevel 25 or moreLevel 10 or more
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