Explain Promotion Exercise - Mix and Match Products and Markets
Following is a list of possible product categories and possible target markets:
- Possible target markets:
Gay men or women
Black women aged 18-30
Handgun owners
- Product categories:
Vacations
Non-lethal personal security products
Fitness / exercise products
1. Select TWO product/target market combinations from the table of product categories and associated target markets above and explain what you think would be an appropriate promotions strategy for both of them. In doing so compare and contrast the two promotions strategies explaining why you think they would be similar or different.
2. Select TWO products from the table of product categories and associated target markets above and explain what you think would be the most appropriate pricing method and why. In doing so compare and contrast the two pricing methods explaining why you think they would be similar or different.
In answering these questions make whatever assumptions you feel are relevant and explain what these are as well as indicate various methods for pricing products as well as pros and cons associated with them.