Promoting with money-saving coupons
Please complete the following questions. It is important that you use complete sentences and present the questions and answers when you submit your work.
Submit the work as a file attachment. This means you will complete all work in a word processing document (e.g. Microsoft Word) and attach the file using the Submit Lab Questions activity in your Course Map.
Lab Assignment 1
Use the following template to brainstorm ways a company might market the same commodity to different segments of their market. The first row has been done for you as an example.
TABLE 1 Market segments exercise
Product | Kids |
Cereal | Placing toys in the box |
Sweatshirts | |
Electronics | |
Books | |
Art Supplies | |
Product | Teens |
Cereal | Associating it with a celebrity or athlete |
Sweatshirts | |
Electronics | |
Books | |
Art Supplies | |
Product | Parents |
Cereal | Promoting with money-saving coupons |
Sweatshirts | |
Electronics | |
Books | |
Art Supplies | |
Product | Seniors |
Cereal | Advertising health benefits |
Sweatshirts | |
Electronics | |
Books | |
Art Supplies |
Lab Assignment 2
Use the following template to brainstorm the types of purchasing concerns that might be associated with each demographic. The first one has been completed for you as an example.
TABLE 2 Demographics exercise
Demographic | Purchasing Concerns |
Ages 18-24 | Price, peer reviews, convenience, immediacy |
Income Over $100,000 year | |
Christian | |
Mother of three kids | |
Single man | |
College Graduate | |
Ages 65+ |