What kind of HELP do you need? You need to be specific when asking questions here.
If all you do is post your entire assignment, with no evidence of thinking on your part, nothing will happen since no one here will do your work for you. But if you are specific about what you don't understand about the assignment or exactly what help you need, someone might be able to assist you.
Supposed you have been hired as a Marketing Manager in a Multinational Company which is
dealing in high tech products. Company wants to launch a cell phone in the market which can
measure the Sugar level and Heart beat of the users. Since, it is a specialty product so it
requires very rational strategic decisions to be made in order to launch in new market. Selected
target market for your company is Lahore. Now you are required to prepare an analysis on the
following Ps of marketing before launching this new product in the market.
Product = Specialty
Place = Lahore
Price =?
Promotion =?
* As the target market comprises of the affluent or elites of the city, you need to devise
appropriate plan for this.
Requirement
Price
You are required to select the best option and justify your answer
Pricing plan:
• Less sale and high profit margin
• High sale and less profit margin
Pricing strategy:
• Skimming strategy
• Penetration strategy
Pricing approach:
• Value exchange = Price
• Cost plus profit = Price
Promotion
You are required to mention the proper plan for the promotion of this product under the
following headings.
• Advertisement strategy
• Promotion strategy
�
�
1 answer