Discussion week 4

Discussion Marketing 500

"Taking a Position that Works" Watch the video Click here for full screen view ability in a new window.

Video Segment Reference:

Newell, G. (2011, December 29). Building customer loyalty through strong emotional marketing [Video file]. Retrieved from https://youtu.be/zXTakDJG-NM. 

Product positioning is also known as market positioning, and it means to determine what place the product will hold relative to the competitor’s products. For example a low end retailer is Walmart and a high end retailer is Neiman Marcus. In your opinion, what restaurant has the middle-ranged consumer as its target market?  Briefly explain why you chose that store.  

Repositioning or product repositioning means to change the perception of a product or brand in the mind of the consumer in relation to the competitor’s brands. One example is oatmeal. In your opinion, what product needs to be revised, repositioned, or repacked?  Briefly explain how the product should be updated.

Scenario: You are the manager at a medium ranged restaurant and a new food item will be on the new menu. Briefly describe what you will do to entice consumers to try the new food item