Assignment:
Marketing Strategies for a New Market Segment
Question 1. You are working in the marketing department of a health care organization that seeks to increase penetration in the Hispanic market segment. You need to decide if it would be better to market a new line under a new brand name, or use the existing brand name under a line extension strategy. List the advantages and disadvantages of each strategy and present your recommendations. Describe the internal sources you used in the strategic planning and decision making process of your recommendations.