Please go to this article and read about 2 sister brands - Seiko and Grand Seiko: https://www.watchshopping.com/watch-guide/the-differences-between-seiko-and-grand-seiko-watches/
Question:
Please go to this article and read about 2 sister brands - Seiko and Grand Seiko: https://www.watchshopping.com/watch-guide/the-differences-between-seiko-and-grand-seiko-watches/
Questions.
1. The 5 key considerations for pricing decisions - how they are used to determine pricing strategy (a link is provided)
2. What are the 'pricing objectives' and 'pricing strategies' for Seiko and GrandSeiko (see the wk. 4 reading link: price obj strat penn).
3. Who is the target market for Grand Seiko (see segmentation criteria) - what do they want/desire (i.e., function, high tech, prestige, to fit a certain profile, other)?
4. Which of the positioning approaches are they using - based on our discussion in week 3 (see ppt. slides)? Most brands use more than one. Explain.
5. Why do you think they created this new watch using a new brand name (GrandSeiko)? Explain.
Your role - you will assume the role of marketing consultant; I will be your client. Your job is to help me understand the reason for this new product.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill