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Provide a 5 pages analysis while answering the following question: MKT301 MOD 3 CA. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required.
Provide a 5 pages analysis while answering the following question: MKT301 MOD 3 CA. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Based on the fact that, promotion is an essential in the development of a marketing plan, this consists of a marketing mix. Market mix is a phenomenon developed by Jerome where he outlined the four classifications which are positively correlated. In this mix, the success of any products depends on the four classifications that are. promotion, product, place and price. Every element in this mix is equally important as the other. thus there is a need to implement a promotion strategy so to increase the sales of the product (Ferrell and Hartline 52).
In this scenario, we select pepper spray and a holiday in beach resort as the product and black women aged between 18 and 30 years and gay women as the target market. In this paper, we will discuss the appropriate strategy the concerned firms can implement so as to increase sales at the outlined target market. In addition, this paper will compare and contrast the promotional discussed outlining similarity and differences.
About seventy percent of black women reside in areas which are considered to have high levels of insecurity. therefore, they usually demand personal security products thus offering pepper spray will be of great benefits. In the case of pepper spray, the most appropriate promotion mix would be to showcase the exclusiveness of pepper spray as the personal security product. Therefore in this case messaging or rather a slogan will be effective in reinforcing the benefit that pepper spray offers to the customers. The slogan should be designed such that it also helps the company in the process of developing an effective positioning strategy. Another possible strategy is through personal selling. in this case, the promotion is conducted where the product is sold one to one.
