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Assignment 3 Promotional and Advertising Strategies Select one (1) of the following categories of pr

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Running Head: PROMOTIONAL AND ADVERTISING STRATEGIES 1
Assignment 3 Promotional and Advertising Strategies

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PROMOTIONAL AND ADVERTISING STRATEGIES 2
Assignment 3: Promotional and Advertising Strategies
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.

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Running Head: PROMOTIONAL AND ADVERTISING STRATEGIES Assignment 3 Promotional and Advertising Strategies 1 PROMOTIONAL AND ADVERTISING STRATEGIES 2 Assignment 3: Promotional and Advertising Strategies 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 com ...
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