Not Found (#404) - StudentShare. https://studentshare.org/marketing/1880576-marketing-report
Not Found (#404) - StudentShare. https://studentshare.org/marketing/1880576-marketing-report.
The paper “CircuitTree ‘s Marketing Strategy" is a wonderful example of a case study on marketing. Since the market is highly competitive but the product fits the company’s strategic objectives, it is projected that it will gain market share within the first two years and then stabilize within the next three years.
In terms of marketing, the firm aims to achieve the following:
Product Strategy
Positioning Statement
CircuitTree has been developed using exceptional engineering and educational expertise to enable children between the ages of 6 and 11 to enhance their understanding of academic concepts.
The game is particularly designed for dynamic and knowledgeable mothers who would like to accelerate their children’s academic development and ensures this through the latest features and tailored design.
Summary of the Product Strategy
As indicated in assignment 1, the proposed price of $29.99 will allow the firm to compete favorably with larger and more established firms.
The price is indicated by the fact that although LEGO and Mega Brand two companies that dominate the market, can significantly influence customers’ buying decisions, they are less focused on STEM (science, technology, engineering, and mathematics) oriented toys, while Voltree is.
This scenario informs the notion that the pricing will allow Voltree to operate in a niche market in which it can protect its consumers and pricing from aggressive competitive strategies preferred by larger rivals.
More importantly, the pricing is inspired by a number of strategic considerations that will have a huge impact on CircuitTree’s success:
Overall, the pricing is guided by strategic goals, competition, and market forces.
Read More