Sometimes, companies get so caught up in the plan or the str…

Sometimes, companies get so caught up in the plan or the strategy that they lose track of where they’re going or what they’re doing. In recent years many large companies have failed and filed for bankruptcy like Bed Bath & Beyond. Instead of focusing so much on “their way” or their strategy, which question should they be focusing on the most?

Marketing is centrally about figuring out what consumers des…

Marketing is centrally about figuring out what consumers desire and then creating value to fulfill those desires. When comparing XYZ Shoes to ABC Shoes, the products they both deliver are very similar. If this is true, what does XYZ Shoes do a great job of that allows them to charge more for their gear and still be the market leader? (Choose the BEST answer related to our lesson.)

In class we watched a McDonald’s coffee commercial and broke…

In class we watched a McDonald’s coffee commercial and broke it down into tiny clips. We saw how every single detail of the video answered all five of who, what, where, when, and why. At one point they showed the coffee sitting on a pile of fresh coffee beans. What was the purpose of doing that?