Question: 24. Short Answer (2 points). A brand is position and the type of search the consumer undertakes have profound effects on marketing strategies. Six marketing

 24. Short Answer (2 points). A brand is position and the

type of search the consumer undertakes have profound effects on marketing strategies.

24. Short Answer (2 points). A brand is position and the type of search the consumer undertakes have profound effects on marketing strategies. Six marketing strategies are described below: Maintenance, Capture, Preference, Disrupt, Intercept and Acceptance. SELECT TWO and BRIEFLY justify the strategy based on (1) the brand's position; and (2) the type of search consumers undertake. Make sure on ex lain what it means to be in or not in the evoked set. BRAND Nominal Decision Limited Decision Extended Decision POSITION Making (no search) Making (limited search) Making (extended search) MAINTENANCE CAPTURE PREFERENCE Attend to quality 0 Provide 0 Strong informational Attend to information where campaign. Advertising, distribution consumers search PR [reviews]. Brand Reinforce (websites, local testing, Strong website through ads media, point of purchase) DISRUPT INTERCEPT ACCEPTANCE o Shortrun is o Intercept consumer 0 Like Preference attention grabbing when looking for Strategy but more. promotions brands in evoked set; 0 Test drives. Free 0 Long run is major local media trials. SEO. improvement advertising; point of purchase coupons

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!