[Group 3] Sonic 1000 is a new multimedia‚ dual-mode smartphone is prepared to launch by Sonic in a mature market. Specific segments target in consumer and business markets‚ taking advantage of the growing interest in a single powerful but affordable device with extensive communication‚ organization‚ and entertaiment benefit. The primary marketing objective ◦ Achieve first year US market share of 1% with unit sales of 800‚000. The primary financial objectives
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[pic] [pic] [pic] [pic] INTRODUCTION Marketing is an integrated communications-based process through which individuals and communities discover that existing and newly-identified needs and wants may be satisfied by the products and services of others. Perhaps the most important factor in successful marketing is marketing plan. A marketing plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or service‚ a brand‚ or
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Konstance Sheffield MKT 6661 XTIA – Strategic Marketing Management Chapter 17 1. What communications objectives are appropriate for Sonic’s initial campaign? Brand Awareness – As discussed in the text‚ brand awareness provides a foundation for brand equity. Consumers are more likely to recognize a package than to recall a brand name. Chapter 12 discussed ways in which Sonic can use packaging and labeling to support its brand image. Sonic will use red for energy and power‚ orange for
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Marketing Analysis for the Sonic 1000 PDA Liberty University Strategic Marketing Management – BUSI 520-B06 July 4‚ 2010 Introduction Years of research and development‚ along with millions of shareholder dollars‚ have been invested in the latest technological breakthrough from Sonic. The next step for any new product on the concept-to-consumer road is the development of a marketing analysis. The following pages will provide evidence of countless hours of research the marketing team has
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CHAPTER 7 (3.0 MARKETING STRATEGY) 1. What types of businesses appear to fit Melody’s market definition? How can you research the number of employees and find other data about these types of businesses? Any big corporate business that requires a device to stay in touch with business colleagues‚ coordinate their busy schedules‚ and have constant access to work information at a given moment appear to fit Melody’s market definition. There are many types of businesses that fit this market definition:
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How (and how often) should Sonic monitor customer satisfaction? Sonic should establish hot lines with toll-free numbers to monitor customer satisfaction. In this way‚ Sonic may be able to keep track of the customers’ complaints and suggestions regarding the product. The established hot lines should be available 24 hours everyday to ensure that all complaints and suggestions of the customers will be known. Sonic should also conduct customer satisfaction surveys to find out how satisfied‚ or dissatisfied
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Marketing Analysis Proposal Part One: Introduction Sonic is about to enter a mature and highly competitive PDA market. Founded eighteen months ago‚ the company was birthed by two entrepreneurs highly skilled and knowledgeable in telecommunications. They are preparing to present their first product‚ Sonic 1000 PDA. The Sonic 1000 offers wireless networking‚ digital technology‚ dual phone use‚ 20 gigabytes of memory‚ four megapixel camera‚ and voice recognition
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(features) of SONIC Product differentiation Branding abilities TARGET MARKET: Same/similar distribution channels Target group consisting of middle to upper-income professionals Multiple target segments Geographical coverage (primarily United States at this time) Successful identification of SONIC’s strategic group enables the company to illuminate the prominent smartphone market competitors. This allows SONIC to thoroughly analyze each company and formulate opportunities. For example‚ SONIC can strategize
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Sonic Boom Angel Dewberry MAN 1030 Introduction to Business Everest University February 2‚ 2013 Sonic is a large chain of fast food restaurants with over 3‚200 drive-ins all over the country and in Mexico. (http://sonicboomsc.com/sonichistory.html) I would have never thought that it all began as a sole proprietorship‚ a business owned and managed by one person. There is no way that Sonic would have grown as large as it has today if it had stayed that way. Today Sonic is now a successful corporation
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smartphone app with an integrated loya lty program could help Sonic better serve the digital lifestyle demands of many of its loy al customers. More than 73 percent of smartphone users indicated that they are interested in interacting with loyalty programs through their mobile device‚ according to a recent report from M aritz Loyalty Marketing ( Qdoba Launches Mobile-Optimized Rewards Program). Along with the loyalty program‚ Sonic can also introduce a “surprise rewards” program. Each store
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