Strayer BUS 100 Assignment 3 MARKETING – MARKETING MANAGER ANALYSIS

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Strayer BUS 100 Assignment 3 MARKETING – MARKETING MANAGER ANALYSIS

Strayer BUS 100 Assignment 3 MARKETING – MARKETING MANAGER ANALYSIS

REAL BUSINESS

For a large discount retail store like Target and Walmart, it can be difficult to get the marketing mix just right for a given product. There are so many products in the store fighting for the attention of customers. There is also the challenge of helping the suppliers of each product maximize their profits while making sure the store is making money. With so many things to consider, working in marketing for such a large business can be a challenge.

 

YOUR ROLE

This week, you’ll be acting as a Marketing Manager in the sporting goods section.

WHAT IS A MARKETING MANAGER?

As a marketing manager for a discount retail store in Brooklyn, you have been asked to evaluate a marketing plan for basketballs to ensure that the 4 P’s of marketing are being applied well. Using your knowledge of the 4 P’s and the best approach to generating sales, you’ll take a look at a number of marketing recommendations and choose the approach that you believe will sell the most products.

 

INSTRUCTIONS

STEP 1: PRODUCT

In the Marketing Analysis Presentation provided by your marketing team, you’ll see three different basketballs that need to be included in the product display on Slide 2. Each product has unique features.

Based on the information provided about the customers that shop at the store location on Slide 3, choose the basketball that you think will sell the most.

Underline your selection:

Basketball 1

Basketball 2

Basketball 3

 

Write 2-5 sentences explaining the rationale for your decision.

STEP 2: PLACE

On Slide 4 of the Marketing Analysis Presentation, you’ll see the results of a survey that asked potential buyers about where they are most likely to purchase these products.

On Slide 4 of the Marketing Analysis Presentation, you’ll see the results of a survey that asked potential buyers about where they are most likely to purchase these products. Underline your selection:

Traditional Stores

Online

 

Please explain the rationale for your decision.

STEP 3: PROMOTION

Slide 5 of the Marketing Analysis Presentation shows three recommended advertisements, including a special deal promotion, for the product that is expected to sell the best.

Based on the information provided about the customers that shop at this store location on Slide 3, determine which promotional activity will sell the most product at this particular store. Underline your selection:

Promotion 1

Promotion 2

Promotion 3

 

Please explain the rationale for your decision.

STEP 4: PRICE

Look at the pricing options available for each of the three products together on Slide 6.

Based on your knowledge of Pricing Strategies,choose the option that has the best pricing mix for all three products. Refer to the customer information on Slide 2, if needed. Underline your selection:

Pricing Mix 1

Pricing Mix 2

Pricing Mix 3

 

Please explain the rationale for your decision.

STEP 5: BRAND & SALES PITCH

The company that makes one of the basketballs is looking to rebrand the product. They have asked for your input on possible brands ideas.

First, read the Brand Vision statement which summarizes the goal for the new brand. Then, look at the logo, name, and tagline recommendations. Which of the two brand directions do you think best meets the goals of the brand vision? Underline your selection:

Brand Direction 1

Brand Direction 2

 

Please support your decisions.

Second, write a sales pitch that you would use to try to convince someone to purchase this product.