Reference no: EM133922228
Question: As a regional director of marketing, it is essential for you to know how you are going to apply various marketing principles and theories to design an effective and relevant marketing plan for the reopening of the park. This includes various aspects such as understanding the target audience; identifying the right and relevant marketing methods to communicate with the target audience; using product, place, price, and promotional strategies to attract the target audience; and so on. Get expert-level assignment help in any subject.
You have been provided with the following target audiences:
Primary Market: Families with children (ages 6-18) with an average annual family income of over $75,000 per year
Secondary Market: Teens, ages 15-18
Prompt
In this 1 page paper you will review the Milestone Two Guidelines and Rubric (Milestone Two is due in Module Six) and have an asynchronous discussion with your instructor regarding any initial concerns about the same. You will also review the CMO Memo for Target Audience and address questions about target audiences.
Discuss your progress and concerns with your instructor through this submission.
Addressing the following criteria:
Refer to the CMO Memo for Target Audience, then describe how the four Ps can be used to attract existing and new customers back to the U.S. Park Southeast when it reopens, keeping the target demographics in mind. Your response should address the following:
Describe the plan to market the product to the identified target audiences. What communication strategy will you use for the target audiences regarding the park services?
Describe the pricing strategy that should be considered to drive new and existing customers. How will you communicate the value of your offering through an effective pricing model?
Describe the role of place in attracting customers back into the park. Identify the appropriate communication method to share information about the safety measures you have taken.
Describe two promotional events aimed at your two target audiences designed to drive attendance. Include one promotional event for each of the two target audiences. This element requires you to use your own creativity or previous exposure to promotional events.
The considerations should be such that customer and business perspectives are well balanced. The company is open to ideas showing creativity and innovation but does not want to reinvent the wheel completely.
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