Ring Security: Analyzing Retail Strategy and Communication Objective
VerifiedAdded on 2019/09/20
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AI Summary
This report analyzes Ring Security's retail strategy, communication objectives, and sales tactics. It begins by examining the type of retail outlet used by Ring Security, considering factors from the textbook to understand the strategic issues involved. The report then describes the typical end-user profile and their environment. It identifies a communication objective for the brand and explores traditional and non-traditional promotional vehicles, integrating them to achieve the objective. The report details the steps a salesperson would take to close a sale, including specific questions. It proposes two sales promotions, explaining how they support the communication objective and how their effectiveness can be measured, along with the factors considered in choosing the promotions. The report also discusses the variable and fixed costs associated with the Ring Security product and explores two pricing alternatives that could be used with suppliers, explaining their effectiveness within the brand context.
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