Question: Question 1 ( 2 5 points ) Explain how STP ( segmentation, target and positioning ) is important to the selling of these futuristic products:

Question 1(25 points) Explain how STP ( segmentation, target and positioning ) is important to the selling of these futuristic products: a) Flying cars b) Hangover pills c) Shoes that never need repairing Question 2(25 points) A retail salesperson at a department store cosmetics counter gets five dollars every time he sells a bottle of a certain brand of cologne. 1. Explain the type of trade promotion that is being used in this instance. 2. Now supply 3 additional types of trade promotions that retail salespeople use during the course of a sales cycle. Question 3(25 points) Why might a company with a small advertising budget turn to guerilla marketing tactics to help sell / promote their product line? Now, come up with some guerilla marketing tactics for the following selling scenarios: 1. Liquor flavored chewing gum 2. Glow in the dark slippers 3. Paper dresses

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