Week 8 In-Class Activity - Marketing Communications

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Centennial College *

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116

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Marketing

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Apr 3, 2024

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docx

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Week 8 In Class Assignment: Marketing Communications Part 1 – For each Promotional Goal listed on the left, draw a line connecting it to the most relevant explanation on the right describing when that approach would be most commonly used. What Promotional Goal/Approach Is this? Explanation Write in your answer. This approach to promotion is often used as product enters the growth stage or in maturity to convince consumers to buy one company's brand over a competitor. Write in your answer. This approach is used at the early stage of the product lifecycle to communicate product purpose / benefit. Write in your answer. This approach is common when the target market already understands the product benefits. It is used to trigger a memory and/or keep the brand top of mind. Write in your answer. This approach is important in later stages of the product lifecycle to strengthen customer relationships and build loyalty. It is often supported through social media activities. Part 2 – Promotional Mix Choose one of the products listed in the table below: Expensive farming equipment such as tractors that are sold to farmers New Tesla Electric Car with new innovative features being introduced to the market for the first time Colgate tooth whitening toothpaste MacBook Air Laptop Netflix New flavour of Fruit Loops Cereal Tennis racquet for a fairly high-level tennis player Lululemon leggings. Nissan Kicks Samsung Phone.
For the product you chose from above - identify the top 2 or 3 Promotional Mix Elements that you think would be most effective in communicating your product. Explain why you chose those elements. Consider the Factors Affecting the Promotional Mix in section 15-8 of the text, as well as Characteristics of the Elements of the Promotional Mix (Exhibit 15.5). Which Promotional Mix elements would you recommend for your chosen product? Explain why you selected the 2-3 that you did? Promotional Element Explanation
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