The Stingray car is easily marketable, doing this through tv ads, Facebook commercials and billboards as everybody loves new technological advancements in motorised vehicles. The competition of this product is other tech-based car companies such as Tesla which would be our strongest competition as they are having large amounts of success selling electric cars globally. Stingray may struggle with finding expendable cash due to not being as large of a business they may not be able to afford many prototypes which could affect the amount of cars they would be able to make. An option may be to take out a loan for this as it will be a very expansive investment. 

Stingray Car Key:  

The stingray car key is not as easy to market but definitely could still be marketed on Facebook ads also and maybe short television commercials. At this current stage there is no competition for the product and Stingray would be one of the first to release this product. This would be great for Stingray as a business as this now gives Stingray money each month, creating a significantly higher financial position for Stingray to be at. This would further promote people to buying a stingray Phone as they need one to be able to operate the system. 

Stingray Refrigerator: 

The Stingray Refrigerator is an easy marketable product predominantly on Facebook and Television advertisements and is very likely to sell with the out of the world technological advancements. Although initially this would be a very costly investment for Stingray but in the long run they would be able to make a large amount of money from this product and continue to branch into the home appliances market. 

 

1. Legislative or regulatory requirements

Choose two (2) legislative or regulatory requirements that would be relevant for marketers in this industry and outline 2 (two) key provisions for each.  (e.g. Privacy, Anti-spam, IP, ACL).

 2. National standards requirements

Choose two (2) national standards that would be relevant for marketers in this industry and outline 2 key provisions.   (Advertising standards, product safety stands, OHS etc).

 3. Codes of practice requirements

Choose two (2) codes of practice that would be relevant for marketers in this industry and discuss two (2) elements of the code.

 4. Organisational policy and procedures 

Ensure you identify organisational policy and procedures that you will need to comply with during your analysis and list at least two (2) that apply.

 

Answer rating: 100% (QA)

1 Legislative or regulatory requirements a Privacy Regulations Marketers in the tech and automotive industry need to adhere to data protection laws en... View the full answer