• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Marketing Mix for Microsoft's Stroxbox gaming system.

Extracts from this document...

Introduction

Introduction This part of coursework is specifically aimed at my product. I will set the products objectives and apply the marketing mix to the product. Marketing Objectives for Stroxbox I am going to set at least 3 marketing objectives for my product. My marketing objectives are: - To increase business e-portfolio for this product line. Only two consoles have been released in the past 5 - 8 years. My product will be revolution in consoles, because no one has actually come up with this type of concept. - Second objective is to make your company more appealing to different markets (age, sex, region, etc). Consoles are really aimed at young adults, but recently like Nintendo Wii which was aimed at families. My product is aimed at everyone. - The third and final objective is to get a bigger market share for consoles itself. Currently there is only a choice of two Microsoft consoles and one of them has already died out the XBOX. XBOX 360 being the successor of the original, which has been out for 3 - 4 years and it's time for a new console. This new console will have a bigger life cycle. I can say this because the last question in the questionnaire was how people rated it and majority of people said it was excellent. Marketing Mix The Marketing Mix for Microsoft explores how Microsoft compares and competes with other brands, which are in competition with Microsoft with their different departments. ...read more.

Middle

This would allow competition with other companies in the market. When this pricing strategy is used we will try and keep our prices slightly lower than competitors. The product will be sold to video game shops like GAME, GameStation, etc. They will distribute the product nationwide. We will also provide the product directly from our different regional websites. High prices at product launch will definitely work because, as said before it is a unique product. The use of two pricing methods can be backed up because my secondary source 3 says that as previously Microsoft sold the Xbox 360 at around $300 which was dropped or cut by a $100 and this is something that can be even further backed up as source 5 shows that the Xbox 360 even though it was late, but still managed to capture potential market share and has stayed the second most selling consoles for over 1 and a half years. This is quite an achievement as Microsoft first console which did not do well in the industry, but the Xbox 360 has managed to keep customers and compete with the Sony PS2/3. Sony is lead console developers and has always had a massive customer base. In addition to this the monthly fee charged for the online services of the console will be around �45, this can be can be backed up by my primary research, which consisted of questionnaires. Firstly the mean average that people would be willing to be pay for monthly charge was �48; this is only an increase of �2 which in reality is nothing, but to keep the maths and calculation easy monthly cost will be set at �45. ...read more.

Conclusion

Again with this question everyone I asked ticked "both places mentioned above". This again shows that the product could be promoted anywhere really. PLACE: - As mentioned before Microsoft is a well known company and they are an international company which provides other stores with the products at a price which the stores than distribute. This is a very good thing because customers can get Microsoft products very easily. Microsoft product can usually be found in stores like PCWorld, Argos, etc. Our products are not only found in stores but actually online as well. In effect Microsoft products made a strong name for the company when it first started and it kept going on with better products being released and initially getting a big market share and expanding business outside of Mexico, outside of the continent and going worldwide. The console will be placed in shop windows and on top of shelves. The products will also be sold online such as the Microsoft Shop, Amazon, etc. The membership will can be bought online as well as retailers such as HMV, GameStation, Game, etc. question 3, which asked where they would expect the consoles to be sold. The choices were online, in retailer shops, in video game shops, at supermarkets or all the places mentioned. Everyone ticked all of the place mentioned, this goes to show that it is possible to sell the console everywhere, because this is what people expected. ?? ?? ?? ?? Task 3 (A02) - Marketing Objectives & Marketing Mix Anas Patel ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Marketing & Research section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Marketing & Research essays

  1. Marketing Research. Explain how different marketing research methods have been used to make a ...

    Armor All Clean and Shine Car Wipes (pack of 5) are sold at �3.29 at Halfords10 and sold for �2.99 at Mileshams11. It would also be very useful to look at the population of the local area and how many people are car owners and try to find information from national statistics to see how big the potential market is.

  2. For this assignment I have been asked to produce a new marketing strategy for ...

    Another very important strength of Coca Cola is that Coca Cola has many different brands, some of Coca Cola's brands are as followings: ? Original diet Coke ? Lemon Coke/diet ? Cherry Coke ? Vanilla Coke/diet ? Fanta ? Lilt ? Dr Pepper ? Sprite ? Schweppes ? Malvern ?

  1. Marketing Aims and Objectives - with examples from major companies.

    Child labour is very common in poverty stricken countries but in England people have to reach the age of 16 to work for minimum wage, in third world countries there is no minimum wage and children are getting paid pennies for hours of manual labour.

  2. Unit 3 - Marketing Research And Marketing Mix

    The makes GlaxoSmithKline more confident in being able to promote the product the right market. But in order GlaxoSmithKline to segment their market and achieve their goals such as increasing sales, and delivering consumer satisfaction, it's important to implement a segmentation strategy.

  1. Thorpe Park Marketing Mix

    _______________________________________________________________________________________________________________________________________________________________________________________________________________ How do you think Thorpe Park appeals to all age groups? _______________________________________________________________________________________________________________________________________________________________________________________________________________ What can Thorpe Park do to keep the park clean and sanitary for customers? _______________________________________________________________________________________________________________________________________________________________________________________________________________ What makes your day at Thorpe Park fun and enjoyable? _______________________________________________________________________________________________________________________________________________________________________________________________________________ Market Research Analysis From this pie chart I can see that

  2. Business Studies Company Profile

    * Inclusive/not, this is used a lot by car manufacturers they advertise a car with all the bells and whistles, then the car you actually buy is slightly different, unless you pay more to get what was advertised. E.g. advertising a car with automatic windscreen wipers, then saying automatic windscreen wipers, not included or included for �1000 extra.

  1. Opening a sandwich shop in huddersfield

    A mass market is where there are big businesses that produce mass amounts of goods and services. They produce the same good or service in huge quantities. I am entering a niche market in Huddersfield town centre. It is the sandwich shop market I want to open a business in.

  2. Business Aims and Objectives and the Marketing Mix

    whilst generating corporate aims and objectives because it?s the survival that maintains the business and needs to be taken into account at the early stages of trading, when the trading difficulty advances, and when there?s competitors who?re threats of taking over.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work