Using the same hypothetical company from Part A: Marketing Plan Input, for this assignment, you will focus on the company’s branding strategy, primary and secondary target markets, positioning statement, and consumer behavior.
Note: You should make all assumptions needed for the completion of this assignment.
Instructions
Create the second part of your marketing plan in 5-7 pages using the Part B Marketing Plan Template [DOCX] Download Part B Marketing Plan Template [DOCX]:
Explain how you will use the feedback you received on Part A of your marketing plan to improve your plan.
Develop a branding strategy for the product or service that covers the brand name, logo, slogan, and at least one brand extension.
Analyze the primary and secondary markets that will be targeted, including the demographic profile (age, gender, ethnicity), psychographic, professional, and geographic profiles.
Prepare a positioning statement that depicts a specific position using a perceptual map that shows a company’s position against its competitors.
Explain the main reasons why the brand name, logo, slogan, brand extension, and positioning statement are right for the identified target market.
