Homework: 4 Ps of Marketing
In this paper, you will be required to identify a television commercial for a consumer product which you believe is effective and then, using the four Ps of marketing, analyze the product advertised in this commercial. (I attached the information about the 4 Ps of marketing from my textbook) I thought in Proactive, but if you think other commercial is better than Proactive, go ahead.
I. Product
1. Identify the product advertised in the commercial, including the nature of the product and the brand name.
2. What consumer wants or needs are satisfied through the purchase of this product? Explain.
3. How would you classify the product -- a convenience good, a shopping good, a specialty good, or an unsought good? What features of the product cause you to categorize it in this way?
4. What is the target market for this product. Explain.
5. Consider the packaging for this product. What functions does the packaging perform? (See p. 386 of the textbook. - I attached the page)
II. Promotion
1. In what ways do you believe the commercial was directed to the target market for the product? Provide specific examples.
2. In what specific ways do you feel the commercial was effective in describing the attributes of the product?
3. What was the purpose of the commercial -- informing, persuading, or reminding, or a combination of these? Support your answer with examples from the commercial.
4. Is this product promoted in other mediums (i.e., direct mail, newspapers, magazines, mobile advertising, online advertising, etc.)? If not, what other types of promotion do you believe could be used to effectively market this product to the target market?
III. Place
1. Where is this product available for purchase by consumers? If it is available in retail outlets, what type of retailers carry the product? See Figure 15.5 in your textbook. I attached the figure)
2. What is the retail distribution strategy for this product -- intensive, selective, or exclusive? Explain.
3. Which level of distribution do you believe is/would be most effective for this product? Explain.
4. Is the product available for purchase by consumers through any form of nonstore retailing -- i.e., vending machines, electronic retailing, direct marketing, multilevel marketing, etc.?
IV. Price
1. Compare the price of the product you have chosen to that of its competition. (You can either visit the local store where the product is sold or check online prices.)
2. What would you advise the producer in terms of the pricing of the product? Could they raise the price of the product without affecting market share (i.e., would consumers be willing to pay more for the product)? Should they reduce the price of the product to make it more attractive to the target market (i.e., would they gain market share if the price were less)? Should the pricing be left as it is?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. 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.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.