Reference no: EM133501647
Assignment:
Budget Direct, Australia's most acclaimed insurer, continues to maintain its reputation for consistently providing the most competitive premiums across various market segments. Just like in previous years, Budget Direct has once again claimed the coveted title of Insurer of the Year in Money's 2022 Consumer Finance Awards. However, what truly sets Budget Direct apart in today's fiercely competitive market is not just its affordability, but also its unwavering focus on enhancing its digital platforms.
Analyse Budget Direct's IMC campaign(s) for its Home Insurance by addressing the following questions with supporting evidence:
Question 1: Identify the quadrant from the Rossiter-Percy Grid for Budget Direct Home Insurance and justify your choice.
Question 2: Identify Budget Direct Home Insurance's target audience selection strategy using the STP model. In your response, describe and justify each component of the model.
Question 3: What is a positioning statement? Create one for Budget Direct Home Insurance and explain why it is constructed in that way.
Question 4: Identify Budget Direct's three marcoms tools, media types and creative execution used for its Home Insurance in the Australian market.
Question 5: Using the definition of Integrated Marketing Communications, discuss how Budget Direct's message consistency impacts the outcomes of its Home Insurance.