Powerful Brands Classwork
- Due Oct 22, 2024 by 3pm
- Points 25
- Submitting a file upload (Turnitin enabled)
- Available after Oct 22, 2024 at 1:30pm
Choose a company from the Forbes most powerful brands list: https://www.forbes.com/powerful-brands/list Links to an external site.
Do some brief research about the company - then Copy the following questions into a Google doc and answer.
(These sites can help you with terminology & background knowledge: Marketing Vocab, Links to an external site.chron Links to an external site., pricing) Links to an external site.
- What is your brand and what is it known for?
- Who is the target market for this brand? Describe in terms of key demographics - age, gender, income, educational levels.
- What is the marketing mix for this brand? - address each of the "4 Ps of marketing" in the next 4 questions
- Product - This includes the physical unit, package, warranty, and brand and company image.
- Price - price is determined by the demand for the goods and the cost of the goods. Examples of various pricing strategies: are introductory prices, sale prices, and odd pricing ($9.99 vs. $10.00).
- Place/Distribution: How a product flows from producer to customer. Wholesalers link the producer of the goods to the customer. Where is the product sold? How does it get there?
- Promotion: different elements that help increase the sale of the product. Examples: advertising, sales, public relations.
- If you were running this brand's marketing - what would you do differently?