MKTG201: Marketing Strategies for a New Premium Chocolate Bar Design
VerifiedAdded on 2022/08/24
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Report
AI Summary
This report provides a comprehensive marketing analysis for a new premium chocolate bar, emphasizing the importance of understanding consumer behavior in the design and packaging process. It delves into the significance of color psychology, suggesting the use of red, navy blue, and brown to attract customers, and explores how packaging shape and font choices can influence purchasing decisions. The report highlights the role of brand identity, focusing on the need for consistency across visual elements, and emphasizes the importance of market segmentation, targeting, and positioning. It examines the impact of intrinsic and extrinsic cues on consumer perception of product quality, with a focus on the packaging's role in creating a desirable brand image and evokes nostalgia and aspirational from the customers. The report also considers the consumer behavior factors which are cultural, social, personal and psychological and the packaging elements for an effective marketing tool, including the use of minimalist design, metallic gold, and matching logos. The report concludes by stressing the relevance of packaging elements, the selection of the font, image, styling, and shape of the packaging for attracting the target market and gaining a better understanding of consumer behavior.
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