Homework: A Project to Fail
The world of marketing is multifaceted and offers unending challenges that require creative thinking to make a difference. For this week's homework, look around your city/neighborhood for a product or business that has failed in the marketplace. What caused this business or product to fail? Think outside the box, have fun and be creative. There is no right or wrong answer. Building a better mousetrap won't guarantee success, and this homework drives this message home.
Through this homework you will learn that failure is a valuable learning tool and that many great ideas are born from the experience of failure are well on the road to success. Through this homework you will be able to showcase the knowledge you gained from this week's reading and lecture on the first element of the marketing mix, "Product", and if you choose you can use the product life cycle to assist you in explaining how the business/product failed.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.