ComicalYou is a new social media service in which participants create avatars to represent themselves,describe their lives,and interact with one another.All the postings are graphical,presenting the messages in the form of comic panels and strips.The service's software easily converts ideas into whimsical images.The site's creators,Ginny and RJ,believe that ComicalYou will be especially appealing to young people because it is so effective in conveying emotional content with a lighthearted appeal.They,along with a team of six employees,have completed the software,tested it on two dozen of their closest friends,and are eager to open their site to users.Ginny and RJ are correct: ComicalYou becomes a hit with young people,even with a $5 per month subscription fee.Within two years,it becomes the number one online destination for people in their teens and twenties,and usage soars.An online social network introduces a comics creation tool to compete with ComicalYou for 10 cents per message.What marketing strategy is most appropriate for this stage of the product life cycle?
A) Reintroduce the product in new markets to avoid the decline stage.
B) Reduce or end promotional support because people already know about ComicalYou.
C) Focus on making customers aware of the product and its benefits.
D) Lower prices slightly and continue promotional expenditures to build preference and keep demand growing.
E) Develop product adaptations to extend the product's life.
Correct Answer:
Verified
Q178: What is a moderately expensive,infrequently purchased good
Q179: Which of the following is an organizational
Q180: A process of using symbols to communicate
Q184: Changing social values have forced companies to
Q187: Hilltel sells smartphones and other electronic devices.The
Q189: Marketing focuses largely on consumer goods and
Q191: Since a person's cholesterol level can be
Q196: The marketing concept means that the marketing
Q197: Marketing plans, decisions, and strategies are not
Q200: A few marketing powerhouses like Coca-Cola and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents