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Week 5 Final Paper :
The Marketing Mix
Select an existing product and identify its target
market. Describe how each variable of the marketing mix (product, price, place,
and promotion) is being executed. Address at least three elements of each
variable.
Focus of The Marketing Mix
In a 6-8 page paper, excluding title and reference
pages, consider the following:
Product:
• What features do customers care most
about?
• How are the key features and benefits
better or worse than those of competing products?
• How do consumers choose and use products
in this category?
• How is the product branded?
Price:
• How is this product priced relative to
competing products?
• What is the rationale for employing
this pricing strategy?
• Are there pricing discounts (e.g.,
wholesalers, bulk)?
Place:
• Where is the product sold and why have
those locations been selected?
• Do the locations give adequate
accessibility to the target market?
• Are products sold online as well? Is
there transparency between online and brick and mortar outlets?
Promotion:
• What marketing communications does this
company use to promote the product?
• Describe the advertising, personal
selling, public relations, direct marketing, etc. efforts).
• What main messages are portrayed to
consumers? What is emphasized? What is the image?
What recommendations do you have for the marketing
mix? For example, should the advertising be changed or should the product be
distributed differently? Be sure to use at least 3 resources to support your
analysis and recommendations.
Writing The Marketing Mix
The Marketing Mix:
Must be six to eight double-spaced pages in length and
formatted according to APA style as outlined in your approved style guide.
Must include a cover page that includes:
- Title of paper
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
Must include an introductory paragraph with a succinct
thesis statement.
Must present information with critical thought.
Must conclude with a restatement of the thesis and a
conclusion paragraph.
Must use APA style as outlined in your approved style
guide to document all sources.
Must use at least three resources to support your
analysis and recommendations.
Must include, on the final page, a Reference List that
is completed according to APA style as outlined in your approved style
guide.
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