Homework: Targeting and Positioning
This course has major project homework. It will take more than a week's effort to adequately complete them. Plan time to start the research and work on the homework.
Consider a product which you have recently purchased and answer the following questions:
a. Assess 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)
b. 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.
c. Evaluate how the brand is positioned in the marketplace. What benefits and attributes are associated with the brand?
d. 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?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.