lOMoARcPSD|41372309 Final MKT202 principle of marketing (North South University) Scan to open on Studocu Studocu is not sponsored or endorsed by any college or university Downloaded by Raoha Rohan (rjraohajanirohan2@gmail.com) lOMoARcPSD|41372309 North South University Department of Marketing and International Business Fall 2021 MKT 202: Introduction to Marketing Name: Mushfiqur Rahman ID: 2012627630 Sec: 3 Total marks possible: 20 Time: 1 hour 15 minutes Q1. You are the brand manager of Bashundhara Group. You manufacture cement, tissues, and face mask. Your owner asked you to develop the brand further. Using four strategies develop the brand. Relate examples with theory. Ans: For developing the Bashundhara brand further I will be using the following four strategies: 1. Line Extension Keeping the product category and brand name the same for Tissues I will be introducing smaller and handy-sized tissues. 2. Brand Extension Keeping brand name the same I will be introducing Bashundhara hand sanitizer. 3. Multi bands Keeping the product category same, which is a face mask I will introduce a new brand under the Bashundhara group which will be the Medelife Face mask. 4. New Brands Introducing a new brand and product under Bashundhara Group which will be B-Fabrics. Downloaded by Raoha Rohan (rjraohajanirohan2@gmail.com) lOMoARcPSD|41372309 Q2. You want to develop a communication mix for your business. With the proper use of theory mention and explain five different communication mix tools for your upcoming product. Ans: The five different communication mix for my upcoming product under B-Tech Computers LTD are given below: 1. Advertising I will be promoting my newly introduced B-Tech computers as a new and trustworthy brand for building new personal computers and laptops for gamers and tech enthusiasts. 2. Personal Selling Personal selling deals with a salesperson going door to door for selling your product. I consider this method to be rather less effective in my company therefore personal selling with not be a part of my promotion mix. 3. Sales Promotion Sales promotion is to give discounts and coupons for your product. This sales promotion mostly works for mature or declining products. As my product is newly introduced in the market I would avoid this tool as well. 4. Public Relations Public Relations deals with creating a favorable image of one company through sponsorship programs. As my company is new and unknown to the public this will be a great opportunity to build the trust of my company by investing in popular sports and entertainments industries. 5. Direct Marketing Giving text, E-mail, phone calls to target customers is a part of direct marketing. This is a good method for keeping in touch with your customers and potential customers. I will surely use this tool but at a limit so that my customers don’t get irritated by too many notifications. Downloaded by Raoha Rohan (rjraohajanirohan2@gmail.com) lOMoARcPSD|41372309 Q3. Explain advertising objectives. With proper example which objective you will use for a mature product and why? Ans: Advertising is the way of communicating with your customers. The advertising objective for any product is to inform, convince and remind. There are various types of Advertising methods, this method depends on your product's PLC stage and condition. For example, new products require introductionbased advertising, and matured product requires advertising that shows trust and belief. The reason for this type of advertising for the mature product is because your product has been available in the market for quite a while that why it has reached the mature stage in its PLC, and an old product requires no new introduction rather it is wiser to notify your customers that you are providing quality and good product all this time and that’s why your product is trustworthy. Therefore Remind is the advertising objective for mature products. Downloaded by Raoha Rohan (rjraohajanirohan2@gmail.com)