University T-shirt Challenge: Marketing Strategy and Analysis
VerifiedAdded on  2023/01/03
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Homework Assignment
AI Summary
This assignment presents a marketing analysis for a T-shirt challenge, focusing on several key areas. It starts by identifying the target market as students, specifically those transitioning from secondary education to higher education, and explains the rationale behind this choice. The assignment then discusses the design of the T-shirt, highlighting its attractiveness and ability to appeal to the target demographic. A pricing strategy is also proposed, emphasizing a pricing discrimination strategy based on course and study material costs, while also considering market standards and competition. The assignment further explores team dynamics, resource allocation, and communication strategies used to complete the challenge. It also addresses the competitive landscape and suggests strategies like customization and maintaining quality to stand out. Finally, the assignment proposes building strong customer relationships and improving the loyalty of consumers to create differentiation within the market.
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