Aseignment: Promotional and Advertising Strategies
Select one (1) of the following categories of products to research: sports apparel, automobiles, home fumishings, or televisions. Use the lntemet to research at least two (2) companies wtthin the selected product category. Take note of the leading companies in this product group, as well as the types of marketing, pricing, and con$umer-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 tfre promotional strategies used by tv’o (2) different companies for a similar product within the category that you selected.
2. Recommrlnd two (2) ways in which a company within the seleded 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 fur consumer’oriented promotions that could asqist 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. Datermine 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 quaffi as an academic resoure.
