Marketing Plan: Part III In this
unit, continue to build upon the marketing plan I created last week for the
automotive manufacturer, Chrysler. The plan is about Chrysler providing free
maintenance for 2 years and 30,000 miles to customers who purchase a new
Chrysler vehicle. This plan is intended to increase the sales of new Chrysler
vehicles. However, the idea is to increase the MSRP of new Chrysler vehicles so
the increased cost of new vehicles will offset the cost of free maintenance for
2 years. Please review the marketing plan assignments I completed last week to
help you understand my plan. For Part III, make certain to include the sections
listed below in your marketing plan. Segmenting, Targeting, Positioning,
and Differentiation Identify the specific segmentation strategies that you will
use. Identify your target markets. Incorporate the use of specific demographics
and data in your research.
Segmentation, targeting, positioning, and differentiation
serve as operative tools that marketers utilize when creating marketing
communications plans since they assist them to prioritize schemes (Yuruk-Kayapinar, 2020). Utilizing
these marketing strategies fosters one in developing and delivering custom-made
and relevant messages to effectively engage with different audiences. Within
one’s research-based market segmentation phase, the fundamental goal entails
identifying a basis for the segmentation of target customers and determining
imperative characteristics to distinguish each market segment.