Posted: March 9th, 2017

ow much is each of the two (2) companies spending annually on advertising? Provide at least three (3) years worth of recent data for comparison analysis.

DISCUSSION QUESTION 6-1 MK640 Marketing and Advertising

Lesson 6: Marketing Communication

Discussion Question 1 (25 points)

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Appropriately cite all resources used to answer the discussion questions and include an APA-formatted bibliography for each. Your Discussion Question responses should be both grammatically and mechanically correct, and formatted in the same fashion as the questions themselves. If there is a Part A, your response should identify a Part A, etc.

Even though the cost of advertising has sometimes been cited as a necessary evil, it can make or break a company. Some companies spend almost half of their annual budgets just on advertising alone. (25 points) (A 1½-page response is required.)

a. Research two (2) large organizations (companies with over 1,000 employees) and provide a brief overview on who they are, where they are located, and what services they provide.

b. How much is each of the two (2) companies spending annually on advertising? Provide at least three (3) years worth of recent data for comparison analysis.

c. What type of relationship can be formulated by comparing the money spent on advertising compared to the sales revenue generated for each company?

d. Make a comparison: Do both companies exhibit the same cost/benefit relationship? Why do you think this is?

DISCUSSION QUESTION 6-2 MK640 Marketing and Advertising

Lesson 6: Marketing Communication

Discussion Question 2 (25 points)

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Appropriately cite all resources used to answer the discussion questions and include an APA-formatted bibliography for each. Your Discussion Question responses should be both grammatically and mechanically correct, and formatted in the same fashion as the questions themselves. If there is a Part A, your response should identify a Part A, etc.

Like large organizations, small companies must advertise via one method or another to generate business. And unlike large organizations, small companies typically don’t have a large budget to advertise, especially if they are a startup. Perform the following and submit your results. (25 points) (A 1½-page response is required.)

a. Research and find one (1) small company (less than 15 employees) in your hometown – gift shops or specialty item stores. Provide a brief background on who they are, where they are located, and the services they provide.

b. Schedule a meeting with the business owner or a company employee knowledgeable on their business operations to discuss their advertising methods.

c. Address the following during your meeting. Be sure to document the results in detail.

1) What type of advertising methods do they use?

2) Why did they choose to use these methods?

3) Are they using an advertising agency or placing the advertisements direct?

4) Have these methods been successful for them? Explain why or why not.

5) Has the cost of advertising been worth it?

d. Based on your research, the types of products or services being sold, do you feel the company will be around 5 years from now? Explain.

DISCUSSION QUESTION 7-1 MK640 Marketing and Advertising

Lesson 7: Marketing Media

Discussion Question 1 (25 points)

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Appropriately cite all resources used to answer the discussion questions and include an APA-formatted bibliography for each. Your Discussion Question responses should be both grammatically and mechanically correct, and formatted in the same fashion as the questions themselves. If there is a Part A, your response should identify a Part A, etc.

You have opened your own business and are selling a product that you intend to market directly to your customers. First, choose the product that you intend to sell and explain why you chose that product. Then, explain the basic structure of your business: What is your strategy? What will you offer? How will you handle customers’ orders? How will you handle returns and customer complaints? How will you handle the customer database? (25 points) (A 1½-page response is required.)

DISCUSSION QUESTION 7-2 MK640 Marketing and Advertising

Lesson 7: Marketing Media

Discussion Question 2 (25 points)

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Appropriately cite all resources used to answer the discussion questions and include an APA-formatted bibliography for each. Your Discussion Question responses should be both grammatically and mechanically correct, and formatted in the same fashion as the questions themselves. If there is a Part A, your response should identify a Part A, etc.

Choose three (3) advertisements from your favorite magazine. Do you think that they are appropriate for that particular advertising medium? Why or why not? Have any of the advertisements convinced you to buy the product? Why or why not? (25 points) (A 1½-page response is required.)

STAND-ALONE PROJECT MK640 Marketing and Advertising Stand-Alone Project: Competitive Market Analysis

​Instructions: The Stand-Alone Project for this course requires you to assume the role of an account planner for an advertising agency assigned to compile a competitive market analysis on a given product.

​Scenario: A manufacturer who is thinking seriously about marketing a new product in an industry with which you are familiar has approached your advertising agency and asked that you prepare a competitive analysis of the market for this product. The client will pay for this work on a project basis then decide whether to launch the product and hire your agency to design and execute the campaign.

​While this situation is a hypothetical one with respect to your role and the new product, your competitive analysis should be based on reality. Use an outline format with brief descriptive explanations. The product may be for either the consumer or business-to-business markets. The following sections should guide your composition of the competitive market analysis.

​This project is much more involved than the writing project in Lesson 4, which is a plan for gathering information that will be analyzed to support a marketing plan and effort. The Stand-Alone Project may be viewed as an extension of the earlier project, “drilling down” and using the methods described there and expanding on them to construct a competitive analysis in detail. In other words, you may use the product from Lesson 4 or create an entirely new one.

Your Stand-Alone Project responses should be both grammatically and mechanically correct, and formatted in the same fashion as the project itself. If there is a Part A, your response should identify a Part A, etc. (300 points) (A 20-page response is required.)

Part A​Research and Analysis: Begin by researching the product about which you will write an analysis.

1. Describe the product and its associated industry.

2. Identify this product’s direct competitors.

3. Specify how these competitors’ offerings differ from each other in terms of strengths, weaknesses, and other characteristics.

4. Detail how they differ from the proposed product.

5. Detail how the proposed product is superior and/or inferior to the competitive products.

6. Identify the target clientele of the competing products.

7. Identify the segments in the target market.

8. Describe the market share each competitor has.

9. Outline the market strategies used by competitors.

Part B​Competitive Environment: In this section you will research and compose a summary of the competitive environment. Compare four (4) competitors in this section. Depending upon the product you have chosen, in this section you may want to describe the areas in which the proposed product is superior and/or inferior to the competitive products, determine the target consumer group of each competitor, and characterize how those target markets are divided. You may also wish to summarize competitive market shares, analyze the competitor’s marketing strategies, and determine who provides products that satisfy the same or similar customer needs. Tables and graphics in support of the text are encouraged.

Part C​Opinion and Recommendations: The final part of your report should be your own personal opinion of the proposed product’s prospects for success and an explanation of the reasoning behind your conclusions. This is the “bottom line” for your client as you see it. Include three (3) recommendations for steps that will improve the product’s chances to succeed.

NOTE: For an industry you are familiar with your own observations can be valuable. Specific supporting information is also available from many secondary research sources, including the following:

1. Company Web Sites and Literature

2. Industry Trade Show Observations and Contacts

3. Online Databases, including ProQuest, DIALOG, Lexis-Nexis, EBSCO, First Source, PROMPT, Trade & Industry, and Investext

4. TV Networks

5. Hoover

6. Investment Houses and Brokers

7. Dow Jones/Factiva