3.2: Integrating Pricing strategy with branding strategy
ATC will use a unique brand position to ensure that customer accept prices fixed for its product and services, and the company will use differentiation strategy to make customer accept the prices fixed for its product. By creating a strong brand position, ATC will be able fix a convenient price to support its brand. The company will use extensive promotion for its product and services to make consumer understand the high value they will derive from buying the company product. By creating strong brand awareness, ATC will be able to influence customer to accept the price fixed for its product and services. In 2007, Apple was able to create strong band awareness for its product, and when Apple launched iPhone 8G version in 2007 for $599, millions of customer lined up to purchase the product.
3.3: Distribution Plan
Distribution channel describes the chain of business through which firms distribute its goods and services to customer. ATC will use distribution channel such as wholesaler, distributors, retailer and the internet to distribute its goods and services. (See Fig 1). The company will also use indirect distribution channel through which consumer buy product directly from wholesaler and retailer. Typically, the indirect distribution channel will assist consumer to buy the product directly from wholesaler and retailer and indirect distribution strategy will allow the company to reach large number of consumer at a time.
Fig 1: Distribution Channel use by ATC
To reach larger number of consumer, ATC will focus more on retailer than wholesalers will because retailers are closer to consumer. The company will offer its product to large number of retail units across the country and the ATC distribution strategy will allow the company to get access to large number of consumer, increase the overall sales as well as lowering the operating costs.
Moreover, ATC will use the internet technology to distribute its product and services domestically and internationally. Recent development of information technology (it) has made internet technology to become an effective tool to distribute the product and services across the globe rapidly, and efficiently. ATC will take the advantages of the internet technology to efficiently move its products from the company inventory to customer. Thus, ATC will integrate e-commerce in its distribution channel to reach more customers in both the United States and the international market.
To ensure that large percentages of the company product and services reach the target market, ATC will use IMC (integrated marketing communication).
4. IMC and Customer Satisfaction
Integrated marketing communication is the marketing tool that organizations use to achieve their marketing objectives. Typically, IMC is a marketing tool that organizations use to enhance brand awareness in order to create seamless experience for customer. Essentially, the IMC uses all the combination of communication tool such as direct marketing, advertising, sales promotion, social media, public relations, and online communication to achieve market advantages. Typically, organizations combine these marketing tools in a unified force to maximize the company brand image as well as assisting company to drive up sales. (Clow, & Baack, 2007) .
Based on the benefits that organizations derive from the integrated marketing communication, ATC will integrate all aspects of marketing communication to derive maximum benefits from customer. The company will achieve its marketing goals by integrating all aspect marketing communication tools. (Clow, & Baack,2007).
ATC will use different strategies for its IMC plan. First, the company will integrate traditional marketing mix with modern communication tool. The company will integrate traditional marketing such as advertising, direct marketing, public relations, newspaper advert, television, radio, magazine, direct mail, outdoor and sales promotion with marketing activities such as sponsorship marketing, e-active marketing, database marketing, guerrilla marketing, and alternative marketing. . (Clow, & Baack, 2010) .
More importantly, ATC will use e-active marketing and internet communication tool to drive up sales. Using internet technology, ATC will take the advantages of social networking to achieve company-marketing objectives. Presently, internet marketing tools such as search engine optimization (SEO), Internet Radio, and internet TV has assisted organizations to enhance marketing campaign.
Part of the promotion strategies that the ATC will use is sales promotion, which includes using coupon, discounts, and loyalty incentives to drive up sales. The company will provide discount to regular customer and customers who purchase product and services that reach $500. The public relation strategy will include press release, public relation events and press launch. ATC will also use direct promotion tools such as exhibitions, salesmen, trade shows, showroom sales activities, experiential marketing to promote the company goods and services.
The company will also use direct marketing to deliver message directly to customer and ATC will use direct...
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