Target market and creating new product line

Assignment Help Financial Management
Reference no: EM132071136

Steps in Planning an Ad Campaign

During the process of marketing a new product to address shifting consumer needs, Dole found itself pursuing a new target market and creating a new product line. In 1999, Dole stepped out of its traditional canned pineapple product category and introduced the Fruit Bowl, which was developed to meet consumers’ growing demand for convenience foods. To its surprise, research revealed that about 54 percent of Fruit Bowls’ sales came from households without kids—specifically, professional women on the go. For its new products, the advertising agency Dailey and Associates targeted working women, ages 25–54 years, with a combination of prime-time TV spots and print ads in women’s magazines. With the message that “Dole Fruit Bowls are fun to eat, healthy, and great on the go,” the common thread of the multimedia campaign was the tagline “Dole. Life is Sweet.” By the end of 2003, volume growth at Dole also was sweet as customers continued to choose Dole’s healthy snacks over more traditional ones.

Designing a successful advertising program requires much planning at each step in the process, helping to ensure that the intended message reaches the right audience and has the desired effect. To get a consumer to remember both the ad and the brand, advertisers first must get the person's attention. This job has been made difficult by the increasing number of communication channels and changes in consumers' media usage. Advertisers are attempting to use creativity and a mix of media that offer better opportunities to reach their target markets.

Step 1 - Put each step in the process of the correct order.

Determined Budget

Create Advertisments

Set objectives

Convey the message

Assess Impact

Evaluate and Select Media

Identify Target Auidence

Reference no: EM132071136

Questions Cloud

Explain what the hypothesis will prove about the issue : Research towards (reducing recidivism in juvenile delinquency programs). Explain what the hypothesis will prove about the specific issue if it is confirmed.
Relevant cash flow in capital budgeting decision : Which of the following is not a relevant cash flow in a capital budgeting decision
Real or hypothetical type of health care organization : Select a real or hypothetical type of health care organization, and address the following:
What policies currently exist that support these arguments : What major points are argued by proponents of this alternative position? Explain in detail.
Target market and creating new product line : During the process of marketing a new product to address shifting consumer needs, Dole found itself pursuing a new target market and creating a new product line
Performance standards or benchmarks : Using the same organization from Week 2, create 3 performance standards or benchmarks (e.g., net profit, quality ratings, service excellence award
Explain and discuss homicide adaptation theory : Explain the basic elements of classical, neoclassical, and positivist criminology. Where does the blame rest for individuals' behaviors under each?
What are your after-tax proceeds from the sale : The original purchase price was $6,000. Your tax rate is 20%. What are your after-tax proceeds from the sale?
Describe the events and the players various roles : Explain what the outcome means for ordinary citizens should they encounter officers during their daily routine.

Reviews

Write a Review

Financial Management Questions & Answers

  Financial information to prevent fraudulent activity

Address the regulations around safeguarding your financial information to prevent fraudulent activity.

  Introductory macroeconomics that money multiplier

Please recall from introductory macroeconomics that the money multiplier = 1/(required reserve ratio). The trading desk at the Federal Reserve sold $100,000,000 in T-bills to the public. If the current reserve requirement is 8.0%, how much could the ..

  What is firm cost of equity if the current stock price

Maxwell Electromagnetics just paid its first annual dividend of $.18 share. What is firm's cost of equity if the current stock price is $19 a share?

  Shares of apple stock

The school you would like to attend costs $100,000. To help finance your education, you need to choose whether or not to sell your 1,000 ?shares of Apple stock, 1,000 EE Savings Bonds (with $100 denominations and 4.25% coupon rate) that are five y..

  Calculate the plants net investment

The Jacob Chemical Company is considering building a new potassium sulfate plant. - Calculate the plant's net investment(NINV).- What is the installed cost of the plant for tax purpose?

  Current yield and capital gains yield for each year of bond

Consider a bond with a coupon rate of 5%, a YTM of 4%, Trace bond value, current yield, and capital gains yield for each year of the bond.

  List one or two strategies that in future to ensure

List one or two strategies that in the future to ensure that you will not plagiarize your paper.

  What is the intrinsic value of stock

The dividend is expected to grow at 11% indefinitely.The beta is 1.5,Rfr is 5%.Market risk premium is 7.5%. What is the intrinsic value of the stock?

  What is expected to be in the account

How much cash will he need five years from now in addition to what is expected to be in the account?

  What is its times-interest-earned ratio

Graser Trucking has $19 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 19%, and its return on assets (ROA) is 5%. What is its times-interest-earned (TIE) ratio?

  Six-month forward rate be to prevent arbitrage

What must the six-month forward rate be to prevent arbitrage?

  Generally speaking many companies are interested in the

generally speaking many companies are interested in the potential cost savings of using the same product and

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd