Apply product and place Marketing Mix elements to a product or service
Apply product and place Marketing Mix elements to a product or service.
GEL-6.02: Incorporate outside research into an original work appropriately.
Product and place are two of the four marketing mix components that are uniquely configured for a product or service to satisfy customer needs and/or wants.
Checklist:
Your task is the following: Based on the Reading in the text and the Learning Activities regarding the marketing mix, select one of the provided products or services and answer the checklist items in a thorough manner.
Step 1: Select one of the following products for this Assignment for the fictional company Prodserve, Corp.
-A new cool mist humidifier that reduces dry air and also serves as an air freshener. Presently, the scents come in mint, apple and spice, and cinnamon.
-A new toothbrush that dispenses toothpaste automatically into the toothbrush with a small button on the handle. The toothpaste comes in a variety of flavors, including cinnamon, peppermint, spearmint, and bubble gum.
-A new wireless headphone and microphone that fit in the palm of your hand and have superior output and volume.
-A new foldable chair that can be carried in one hand and holds up to 300 pounds.
-A new transcription tool with 98% accuracy.
Step 2: Apply product elements to make this product complete by thoroughly describing them.
Describe the type of product you selected and include product attributes like quality, features, benefits, style, and design.
Provide a proposed product line (depth) and product mix (the 4 Ps; width) for your good. See Exhibit 10.1 in the text.
Describe the elements of the products branding (i.e., brand name, sponsor, and brand strategy).
Provide a packaging plan and any warranty or copyright involved if applicable.
Step 3: Assume Prodserves new product you selected used a direct channel of distribution (i.e., producer sells directly to the consumer via their website) to sell their products to their customers. They are now considering using intermediaries like agents, wholesalers, and retailers to get their products to their customers.
Explain the different distribution models available for getting the product from the producer to the consumer.
Using scholarly research, explain the advantages and disadvantages of using intermediaries.
Provide 23 direct quotes and/or paraphrases from your research, incorporating them into your paper where appropriate using APA 6th edition citation style. Make sure to add an additional reference page that includes a reference for each article you cited in APA format.
Considering factors like your brand and target audience, explain what type of retailers would be the best match for your new product and why.
Provide a distribution model that would be most effective for the organization of your new product. Explain why it is most effective.
Access the MT219M4 Assessment rubric.
Submit an original minimum 3-page paper (comprised of steps 13) with additional title and reference pages using APA format and citation style.
Submit your Assessment to the Dropbox.
Disclaimer: This exercise may include actual companies and brand names solely for instructional purposes; this exercise is not associated with any such actual company or brand name. All trademarks remain the property of their respective owners.
Minimum Submission Requirements
Your Assessment response should be the required number of pages as specified, in a Microsoft Word document, with an additional title page and reference page using APA format.
Respond to all of the checklist items in a thorough and highly organized, logical, and focused manner using Standard English and demonstrate exceptional content, organization, style, and grammar, and mechanics.
Your Assessment response should comply with all instructions provided.
Your paper should provide a clearly established and sustained viewpoint and purpose.
Your writing should be well ordered, logical, and unified, as well as original and insightful.
Be sure to cite both in-text and reference list citations where appropriate and reference all sources using proper APA citation style.
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