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Regent University ABC Motor Company Consumer Behavior Proposal
ABC Motor Company Consumer Behavior Proposal Outline
You are a consumer behavior consultant, for Integrity Research Corporation, a full-service marketing research and development company. Your client, ABC Motor Company, has asked you to prepare a proposal to conduct an in-depth study of consumer behavior to analyze the market for their new luxury hybrid car. You must develop marketing strategies to attract Generations X and Y in domestic and foreign markets. The company has a $40 million advertising budget for the new car model launch in the United States and China.
Create a proposal letter and outline at least 700 words for the ABC Motor Company, Board of Directors. This introductory letter will provide an outline, for the Week 8 Final Project in brief sections. Please address the following areas in your correspondence:
o Introduction
· Define consumer behavior and explain why it is important.
· Research both the competition and current information on luxury vehicles. Based on your research, what is the current consumer perception of luxury vehicles?
o Project definition
· Based on current information, what marketing strategies do you recommend?
o Program objectives
· List the objectives of the study, making sure you explain the connection between the research and marketing strategies and how knowledge structures influence consumer behavior and their decision making process.
o Scope
· Identify the scope of the research, geographical parameters, customer groups, or market segments to be studied. Using research, describe your consumer buyer and identify your target market’s demographics for Generations X and Y.
· Analyze the African American, Hispanic, and Asian-American subculture and the unique marketing aspects it entails.