Grand Canyon MKT450 Week 2 Benchmark Assignment – Case Study Latest 2015 October
Metabical wants to introduce a new weight loss drug to the market. As indicated in the Metabical: Positioning and Communications Strategy for a New Weight Loss Drug case, Barbara Printup must make several decisions. She must determine a positioning strategy and marketing communications plan in preparation for the launch of the new drug. Printup must also consider consumer behavior and the opportunities medical staff have to suggest the product to their patients. Based on that decision, recommend how Metabical should be marketed to consumers.Describe the optimal techniques for positioning the product for its target market. What is the best way for Printup to differentiate this product and appeal to a specific consumer group?Outline a basic marketing plan that addresses the following (500-750 words):What is the optimal technique for positioning the product in the market? Describe the product line and include competitors within this industry.Recommend the most appropriate marketing channel.Provide an estimate for media advertising and promotion expenditures for the initial product launch.Recommend a manufacturerâs suggested retail price. Provide a justification for your pricing strategy.Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.
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