Target market is for alvin and the chipmuncks

Assignment Help Finance Basics
Reference no: EM13790545

Case Study

You are a marketing expert for Emerald City Promotions. The tour manager of a Pop music group called "Alvin and the Chipmuncks" has hired your company to increase sales to their concerts and to increase Alvin and the Chipmuncks related paraphernalia.

Alvin and the Chipmuncks is one of the hottest music acts in the country. They have released ten consecutive top hits, have won the Best Contemporary Artist Award, and have several music videos showecased on the pop music television station. The band is about to embark on a twelve week tour across the U.S. Currently, ticket sales aren't doing as well as expected. The tour manager believes that there are several possible reasons for the dismal ticket sales: booked venues are too large, ticket prices are too high, the fan base is too young and/or the economy is weak.

For your assignment:

  • In 2-3 pages, discuss who you think the target market is for Alvin and the Chipmuncks.
  • Describe how they can find out what their target customers are looking for in merchandise related to the tour.
  • Discuss the factors that affect the prices of tickets and merchandise.
  • What strategies can be used to increase ticket sales? How can they translate the popularity of the group and their songs into attendance at concerts?
  • What strategies can be used to increase merchandise sales, from the standpoint of both the product selection and promotion during the concert? 

Remember to use credible sources. Make sure to write your paper utilizing proper APA formatting guidelines, and to include an APA formatted title page. Use NoodleBib to document your sources and to complete your APA formatted reference page and in-text citations.

Reference no: EM13790545

Questions Cloud

Why is seniority considered a critical issue : Seniority is a critical concept in collective bargaining. Answer the following questions related to seniority. A 1½-page response is required. Why is seniority considered a critical issue
Write an essay about death of a close friend : Write an essay about Death of a close friend.
Discussion on the company growth : Imagine a startup company of your own and briefly trace its development from a sole proprietorship to a major corporation with a focus on how that development would be financed.
Explain the diverse nature of psychology paper : The Diverse Nature of Psychology Paper
Target market is for alvin and the chipmuncks : In 2-3 pages, discuss who you think the target market is for Alvin and the Chipmuncks. Describe how they can find out what their target customers are looking for in merchandise related to the tour.
Write an essay about use of technology in our daily lives : Write an Argumentive Essay about The use of technology in our daily lives is making friendships too complicatd.
Explain the fruit of the poisonous tree doctrine : Explain the fruit of the poisonous tree doctrine. Explain the independent source doctrine and give an example.  Explain the inevitable-discovery exception and give an example
Determine the types of inventories companies : Determine the types of inventories these companies currently manage and describe their essential inventory characteristics. Analyze how each of their goods and service design concepts are integrated.
Grand nursing theory issues : What in the background of the theorist as a nursing scholar might have prompted her to develop the theory?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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