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Week 3 Marketing Mix Strategies

Week 3 Marketing Mix Strategies

Q Marketing Mix Strategies The objective of this assignment is – from a management perspective – is to understand product positioning, branding and product lines. How do companies decide where to position their products in the market? How important – and difficult – is it to build a recognized brand name? Continue with the company you chose for the first assignment. Here are some parameters to guide you in compiling this paper extracted from Chapters 7-10 of the textbook. • Brand strategies and product positioning • Brand name development: • Creating a new brand name • Protecting the brand name • Life cycle pricing • Value-based pricing strategies • Internet pricing/marketing • Break even analysis • Stimulating customer action • Promotional price elasticity • Customer response • Relevant articles posted by faculty • Other concepts you identify from the text or from current events related to your company of choice, or from the past two weeks online class discussions. Assignment III Marketing Mix Strategies - see canvas for due date. Format: APA, Font: Times New Roman Size 12, paper length, 4 - 5 pages. Cover page and reference page are additional pages and should not be included in the page count. It is expected that papers are written in the third person, contain the proper terminology as used in the text and in class, are spelling and grammatically correct – with a high level of clarity and re referenced appropriately. Refrain from pasting in excerpts from the textbook as this will diminish your grade and could be considered plagiarism – resulting in a failing grade.

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This paper will be based on the explanation of product positioning of Wal-Mart products. Wal-Mart product lines will also be analyzed as it is important to understand the overall diversification and dynamics of the products of Wal-Mart Moreover, it is also important to comprehend that there are specific reasons for the diversification of the products and products lines of Wal-Mart Those reasons will be analyzed and discussed. The branding strategies and the effectiveness of the branding strategies of Wal-Mart will also be analyzed (Best, 2013).