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Lab Questions

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+