Consider a product which you have recently purchased and answer the following questions:
*Describe how advertising influenced your recent purchase. How did it make you aware of the product? (include the advertisement or link to the brand’s web site)
- *Based on your knowledge of the brand, who is the target market? In your analysis, consider the four sets of consumer characteristics which influence what people consume and how they respond to marketing communications.
- *Consider figure 5.4 in your textbook. Outline how the brand is positioned in the marketplace. What benefits and attributes are associated with the brand?
- *How can three different brands be positioned relative to each other in a target market? For example, as a part of the fast-food industry, compare McDonald’s, Wendy’s, and Burger King. What variables do you feel are the most important for positioning and differentiating these fast-food restaurants in the market? Why do you feel these variables are so important?
Submit your answers in a three- to four-page Microsoft Word document. Use APA guidelines for your submission. Include a minimum of three peer reviewed articles for your paper.
Text book used ISBN 978-1-111-58021-6 Advertising and promotion
|Assignment 3 Grading Criteria||Maximum Points|
|Described how advertising influenced the purchase.||10|
|Outlined the target market and considered the four sets of consumer characteristics.||10|
|Outlined how the brand is positioned using Figure 5.4 in the textbook. Stated the benefits and attributes associated with the brand.||10|
|Suggested ways three different brands can be positioned relative to each other in the marketplace.||10|
|Wrote in a clear, concise, and organized manner: demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.||10|