the marketing manager for Acme Products Inc.,you just became the new program leader for Baubles,a product Acme introduced last year.Initial sales far exceeded expectations.In response,the previous program leader decided to reduce the profit margins for channel members to more quickly recover the high costs incurred in the development of the Baubles product and its marketing program.Unfortunately,sales of Acme Baubles declined by 2 percent while its market share declined by 7 percent as new competitors entered the market.After conducting a customer survey,you concluded that customers were generally satisfied with Acme's Baubles.However,Baubles were not as readily accessible as they were the previous year.Furthermore,after conducting a survey among the leading wholesalers and retailers of Acme Baubles,you discovered they were not pleased with the reduced margins.Moreover,because Acme's principal competitors offered them greater margins,they gave the competitors' products better service and shelf space than Acme's.This is an example of
A) an appropriate marketing strategy and effective implementation.
B) an inappropriate marketing strategy but effective implementation.
C) an appropriate marketing strategy but ineffective implementation.
D) an inappropriate marketing strategy and ineffective implementation.
E) ineffective evaluation.
Correct Answer:
Verified
Q163: Q164: of the following are ways a marketing Q165: Q166: way to improve implementation is to communicate Q167: Today,the implementation phase of the strategic marketing Q169: reformulation of the original less sweet,more bitter Q170: program champion refers to 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![]()
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A) a person who