|ake Brown was about to begin an exciting new phase in his business. His original retail...
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|ake Brown was about to begin an exciting new phase in his business. His original retail outlet, Jake's Trophy Shop, located in the east-central part of Kansas City, Missouri, had reached its peak. It was time to expand to a second location, which would be on the south side of town dose to the Kansas bor- der (Overland Park and other nearby suburbs), where a great deal of population growth had taken place. Along with new residential neighborhoods in that part of the city, many larger companies had opened offices in that area. The marketplace for trophies includes several types of custom- ers. One large group indudes the many childrens sports programs in the community, from little league baseball, to soccer, basketball, football, tennis, gymnastics, swimming, and others. The buyers for trophies for this age group include sports leagues such as those provided by the YMCA, individual team sponsors, and occasionally - Trophies can be marketed to both retail and business parents and/or team coaches. A second market contains trophies for adults participating in various activities, such as bowling leagues and other recreational sports. Once again, league officials, team sponsors, and individual to emphasize. He wanted to encourage not only the first visit but venues including bowling alleys and tennis court providers pur- also return business. There was sufficient competition in the area customers. chased trophies for winners of various events. Business-to-business opportunities also created sales. Jake's He believed his edge was offering fast service, high quality, and target marketing includes individual companies seeking to buy reasonable prices. The new location had been chosen and would "thank you" plaques for those retiring or commemorating long- standing years of service, along with trophies for some events, such as sales contests winners. This market includes plaques for local citizens and business awards provided by city government leaders, Chambers of Commerce, The United Way, and others. The Kansas City Royals also presented plaques to various individuals for their accomplishments, support of the city, and support of the team itseif through activities as diverse as singing the National Anthem at games and throwing out the first pitch before a game starts. Recently, Jake had launched another product line essentially, "gag" trophies for parties and other occasions. For example, 5-45. Would the concepts of top of mind and top choice apply to plaques for people turning 40 or 50 years old, individually-designed items with punch lines aimed at various personal foibles as well to make a choice between competitors based on price or quality. open in two months. It was time to get started promoting this new store. 5-42. Explain how the hierarchy of effects modei would apply to the four main trophy-buying groups. 5-43. Would threshold effects, diminishing returns, and wear- out effects apply to Jake's upcoming advertising program? Explain why or why not 5-44. Should Jake utilize a local advertising agency or do as much of the work as he could by himself? Defend your response. as accomplishments, and some items poking fun at people for individual characteristics were added to his store. Jake had been disappointed by the advertising campaign efforts that were part of the launch of this line of products, and sales were slow as a result. Jake had several important decisions to make. He would need to choose target markets to reach along with product lines advertising for the second location of Jake's Trophy Shop? If so, how? if not, why not? 5-46. Design two creative briefs. The first should seek the goal of enticing customers in the south end of town to visit the new store, seeking especially to reach business-to-business buyers. The second should emphasize the "gag" gift line of trophies for both stores in order to increase sales following the launch of the second store. |ake Brown was about to begin an exciting new phase in his business. His original retail outlet, Jake's Trophy Shop, located in the east-central part of Kansas City, Missouri, had reached its peak. It was time to expand to a second location, which would be on the south side of town dose to the Kansas bor- der (Overland Park and other nearby suburbs), where a great deal of population growth had taken place. Along with new residential neighborhoods in that part of the city, many larger companies had opened offices in that area. The marketplace for trophies includes several types of custom- ers. One large group indudes the many childrens sports programs in the community, from little league baseball, to soccer, basketball, football, tennis, gymnastics, swimming, and others. The buyers for trophies for this age group include sports leagues such as those provided by the YMCA, individual team sponsors, and occasionally - Trophies can be marketed to both retail and business parents and/or team coaches. A second market contains trophies for adults participating in various activities, such as bowling leagues and other recreational sports. Once again, league officials, team sponsors, and individual to emphasize. He wanted to encourage not only the first visit but venues including bowling alleys and tennis court providers pur- also return business. There was sufficient competition in the area customers. chased trophies for winners of various events. Business-to-business opportunities also created sales. Jake's He believed his edge was offering fast service, high quality, and target marketing includes individual companies seeking to buy reasonable prices. The new location had been chosen and would "thank you" plaques for those retiring or commemorating long- standing years of service, along with trophies for some events, such as sales contests winners. This market includes plaques for local citizens and business awards provided by city government leaders, Chambers of Commerce, The United Way, and others. The Kansas City Royals also presented plaques to various individuals for their accomplishments, support of the city, and support of the team itseif through activities as diverse as singing the National Anthem at games and throwing out the first pitch before a game starts. Recently, Jake had launched another product line essentially, "gag" trophies for parties and other occasions. For example, 5-45. Would the concepts of top of mind and top choice apply to plaques for people turning 40 or 50 years old, individually-designed items with punch lines aimed at various personal foibles as well to make a choice between competitors based on price or quality. open in two months. It was time to get started promoting this new store. 5-42. Explain how the hierarchy of effects modei would apply to the four main trophy-buying groups. 5-43. Would threshold effects, diminishing returns, and wear- out effects apply to Jake's upcoming advertising program? Explain why or why not 5-44. Should Jake utilize a local advertising agency or do as much of the work as he could by himself? Defend your response. as accomplishments, and some items poking fun at people for individual characteristics were added to his store. Jake had been disappointed by the advertising campaign efforts that were part of the launch of this line of products, and sales were slow as a result. Jake had several important decisions to make. He would need to choose target markets to reach along with product lines advertising for the second location of Jake's Trophy Shop? If so, how? if not, why not? 5-46. Design two creative briefs. The first should seek the goal of enticing customers in the south end of town to visit the new store, seeking especially to reach business-to-business buyers. The second should emphasize the "gag" gift line of trophies for both stores in order to increase sales following the launch of the second store.
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ANSWER 542 Hierarchy of effects model This comes with six stages called awareness knowledge liking preference conviction and purchase This model is all about whether a consumer will purchase a product ... View the full answer
Related Book For
Business Law and the Legal Environment
ISBN: 978-1111530600
6th Edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson
Posted Date:
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