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Assignment 3: Promotional and Advertising Strategies

Due Week 9 and worth 240 points

Select one (1) of the following categories of products to research: sports  apparel, automobiles, home furnishings, or televisions. Use the Internet to  research at least two (2) companies within the selected product category. Take  note of the leading companies in this product group, as well as the types of  marketing, pricing, and consumer-oriented promotional strategies that these leading companies within the product group use.

Write a six to eight (6-8) page paper in which you:

  1. Compare and contrast the promotional strategies used by two (2) different  companies for a similar product within the category that you selected.
  2. Recommend two (2) ways in which a company within the selected product group  could use marketing information to differentiate itself in the marketplace to  gain an advantage over its competitors. Provide a rationale to support your  recommendations.
  3. Propose two (2) uses for consumer-oriented promotions that could assist a  company in both the short and long term for the product group that you selected.  Provide a rationale for your response.
  4. Analyze the strategic manner in which the leading company in this product  group has made its pricing decisions by using one or more of the four (4)  pricing objectives. Suggest two (2) actions that other companies within the same  product group may take in order to differentiate themselves and gain a  competitive advantage. Provide a rationale for your response.
  5. Determine the most effective advertising medium for a company in the  selected product category. Support your response with two (2) examples of the  effectiveness of the chosen medium.
  6. Use at least five (5) quality academic resources in this assignment. Note:  Wikipedia does not qualify as an academic resource.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch  margins on all sides; citations and references must follow APA

 
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