Market Share Simulation Report

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Introduction Market Share is the simulation which bridges real life marketing issues with techniques learned in the classroom. Throughout the 6 periods we learned how to successfully manipulate the marketing mix in a way that was profitable and beneficial to our company. Though the first few periods were major learning experiences, we used knowledge from the book to help us make sound decisions throughout the simulation. We learned to value our customers, and provide satisfaction for our brand. Below is a synopsis of our strategy, showing how we bridged concepts from our reading within the simulation. Market Share A synopsis of the Market Share simulation Market Share A synopsis of the Market Share simulation Product In the Market Share simulation, we had two products. The product that we started with was Allround which was a four hour multi liquid. The second product we introduced was Allright, a children’s four hour cold liquid. Both of these products were consumer products. (Pg. 208). Allround – the first product we had – was in the maturity stage when we first started managing the brand. Maturing brands characteristically have slowing sales and maybe even declining sales (Pg. 261). Allround’s sales were growing still and we had to figure out…show more content…
As discussed in class, products like Coca Cola are known for its advertisements. Some of their slogans and commercials shape American culture. For instance, Coca Cola’s depiction of a white haired, rosy-cheek Santa is how we view Santa Claus to this day and now “Coke” is one of the most familiar words in the English language. Advertising is so vital that it can make or break a brand. It is hard to compete with great advertisers which we experienced early on. In Market Share, the brands with the highest marketing budget performed the best each

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