Contemporary Marketing (MindTap Course List)
17th Edition
ISBN: 9781305075368
Author: Louis E. Boone, David L. Kurtz
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 12, Problem 8ALR
Summary Introduction
To discuss: Line extension and the way the given products create line extension.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
**what are the Raw Materials and Human Rights Concerns in the Apple Company
Products Segment
Explain apples product segment
Ex
Ipads, iphone, MacBooks, etc… The App Store, Apple Music, iCloud, and Apple TV+ are all part of Apple's services
ecosystem, which offers productivity, storage, and entertainment options
TASK DESCRIPTION
Successful brand extensions allow companies to diversify their offerings and increase their market
share. Brand extension will provide any company a competitive advantage over its rivals that do not
offer similar products.
You are expected to select a live/real organisation which is suitable to the task and launch a new
product/service.
Please discuss with your lecturer your choice before proceeding.
For your Portfolio you need to complete the following tasks:
1. Develop a new brand extension for the organisation you have selected for one of their
product/service.
2. Determine segmentation, targeting and positioning for the new brand extension.
3. Develop a detailed customer personal profile for the new brand extension, including demographic
and psychographic information.
4. Develop the marketing mix strategies for the new brand extension (4Ps/7Ps).
Follow instruction:
1 give table,charts, diagramms,graph and immage should properly reference **cited and name from a…
Chapter 12 Solutions
Contemporary Marketing (MindTap Course List)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Similar questions
- | Task Description: One of the most important questions faced by business leaders in the strategic marketing process is a choice of timing to launch new product/technologies and enter new markets. There are two options: to be a pioneer or to be a follower. Both have advantages and risks, the relative success of each strategy depends on several factors, both internal and external. Tasks: Answer the following essay questions: 1. What are the advantages of being a pioneer and follower company? Provide examples of successful pioneer and follower companies. 2. What product life cycle strategies do successful pioneer and follower companies implement to increase growth and maintain a strong competitive advantage? Provide examples of companies to support statements made. Follow instruction: 1. Word: within 2500 word, not bellow 2400. 2. Give table, charts, diagrams, graphs and images should be properly cited and properly named. Give 7-10 references, from a variety of credible literature…arrow_forward1. Answer the following: - What are the contexts in which Singapore Airlines might need to conduct market and marketing research? What could be the action plan? More effective context? - What is the approach of Singapore Airlines to marketing and marketing research? What is the strength and weaknesses of it? Expand the explanation.arrow_forwardI need healp anwser the following questions below Base on reading “Applications of Social Media for Medical Tourism Marketing” Why is consumer choice important in health care marketing, and why is it especially important for medical tourism decisions? Which choice factors are most important to medical tourism consumers? How successful is social media marketing for consumer choice for medical tourism? Along with How well did medical tourism providers perform in terms of maintaining customer intimacy, customer involvement, interaction, and gathering customer insights? Why are each of these elements important as part of the consumer decision-making process in this situation?arrow_forward
- Three independent valuers engaged by Toh had valued Parcels 19 and 24 between $95M to $100M. However, being astute and business-savvy, Toh would like to sell the parcel of land for at least 10% above $100M (the highest valuation) or $110M. She felt that there would be several serious bidders who would likely compete for the land parcel and bid up the price. One of the serious bidders was the Beh Medical Group (BMG). The founder and CEO was Mr. Beh (herein known as Beh). He foresaw strong customer demand for a hospital in CHP and would like to acquire Parcels 19 and 24 to develop it into a hospital. He had a vision of setting up more hospitals in aging precincts to offer best in class hospital treatments at very affordable rates to serve the growing pool of ageing citizens in the country. Beh had been sourcing for a suitable site for six months ever since he committed to other key BMG investors/shareholders to develop a new hospital within three to four years. Beh had set aside some…arrow_forwardDigital advertising is all those paid dissemination, promotion, and communication techniques of a company or brand that are launched in the digital environment. The Internet makes different types of channels and platforms available to us that help us reach our potential audience. Digital advertising is a tool for promoting and disseminating goods and services through the Internet. Digital advertising is part of the digital marketing strategies, which are a large part of the total strategies made for virtual media. There are different digital advertising types: Paid media Organic media Briefly explain each of the paid and organic media, add examples, and select the one you consider works best, and why it is the best for you.arrow_forwardCan you please write out a Tiktok strategy for a major small kitchen applicance brand ?arrow_forward
- I need help answering the following questions below Assuming that I have been asked to visit the Medicare website to research competitors in my area Navigating to the care comparing section of the Medicare.gov website and search for several hospitals in my area. Hospital I choose: Bon Secours, Greenville SC What aspects from the data would I market to the community to encourage people to choose this provider? How could I improve the negative aspects of the data to improve the image and encourage consumers to choose this provider?arrow_forwardResponse to G.H. Product Strategy Simple Mills has established strong brand equity through its commitment to providing clean, nutritious, and delicious food products made from simple, whole food ingredients. The brand's focus on health and wellness, transparency, and sustainability has cultivated a loyal customer base that values these attributes. Simple Mills' products are perceived as high-quality and trustworthy, which differentiates them from competitors who may use artificial additives or less nutritious ingredients. This differential influence allows Simple Mills to command a premium price and maintain a competitive edge in the market. Ethical implications of Simple Mills' products span from development through use and disposal. During development, Simple Mills prioritizes the use of natural, non-GMO ingredients, which supports sustainable farming practices and reduces the environmental impact of food production. This ethical approach aligns with consumer demand for transparency…arrow_forwardChoose a health care organization to examine their brand and marketing strategies. I need help answering the following questions about Healthcare claims in a Hospital Sharing about the chosen organization. Describing their brand. Exampling one of their marketing campaigns? And How does the marketing campaign support the brand?arrow_forward
- Why all app now is ask us to pay ? Now there is a scammer app or website that claims to be free but it's not why ? now app is ask money i m frustratedarrow_forwardI need help completing the chart belowarrow_forwardJames Shoe Emporium, a retail brick and mortar shoe store caters to the higher income market in your country. However, the establishment has been experiencing falling revenue since the August 2024. The owner of the company believes that marketing and selling his shoes via the internet might be the solution. He has hired you to formulate an emarketing plan to do so. You have decided to use the following e-marketing strategies (content marketing, email marketing, mobile marketing, online advertising and social media engagement). Why? State how you would manage ethical and legal issues in the digital environment.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
