Unit 3 Assignment 1 - Assessment Grid PASS MERIT DISTICTION Learning aim A: Explore the use of branding and the promotional mix in business P1 Explain how branding is used in two businesses. M1 Compare the use of brand promotion in two businesses. P2 Assess the marketing mix for a selected branded product. P3 Describe the purpose of elements of the promotional mix used for a selected branded product. M2 Explain the importance of selecting an appropriate promotional mix for a selected branded product. D1 Evaluate the effectiveness of the promotional mix for a selected branded product. UNIT 3 ASSIGNMENT 1 P1 – HOW BRANDING IS USED IN TWO BUSINESSES You need to conduct research on two businesses. The businesses are Disney and Coca Cola. For each business you need to explain how they use branding. Use the steps below to help you achieve P1. 1. 2. 3. 4. Write a definition for branding Write a definition for promotion Write an introduction to both companies Explain how both businesses use branding and promotion. You may use pictures to support your point M1 – COMPARING THE USE OF BRANDING Write 6 paragraphs explaining 3 similarities and 3 differences in how these two businesses use brand promotion. P2 – HOW APPLE USE THE MARKETING MIX Follow the steps below to help you achieve P2. 1. Write a definition for the marketing mix 2. Explain the key parts a. Product b. Place c. Promotion d. Place 3. Now explain how Apple uses the marketing mix (product, place, promotion and price) for the latest iphone P3 – ELEMENTS OF THE PROMOTIONAL MIX FOR THORPE PARK To attain a P3 you must follow these steps: 1. Define the term promotional mix 2. Write a short paragraph explaining what Thorpe park is 3. Write the following five paragraphs on methods of promotion a. What is advertising? Does Thorpe Park use this method? If so then how? Example? b. What is meant by public relations? Does Thorpe Park use this method? If so then how? Example? c. What is personal selling? Does Thorpe Park use this method? If so then how? Example? d. What is direct marketing? Does Thorpe Park use this method? If so then how? Example? e. What is sales promotion? Does Thorpe Park use this method? If so then how? Example? M2 – THE IMPORTANCE OF SELECTING AN APPROPRIATE MARKETING MIX For each of the following promotion techniques explain the importance to Thorpe Park: Advertising Public relations Personal selling Direct marketing Sales promotion Write a conclusion at the end which explains why the promotional mix is important as a whole to Thorpe Park. D1 – EVALUATING THE EFFECTIVENESS OF THORPE PARK’S PROMOTIONAL MIX Evaluate the strength and weaknesses of Thorpe Park’s current promotional mix. If possible make justified recommendations for improvements as well.