The selected
product directly fits into the current product mix of Cedar City Creamy (CCC
Company), as it also falls in the same category that is covered by the company.
Cedar City Creamy has a fairly contained product mix that fits its mission
to “make everyday life better, every day.” Teams of Cedar City Creamy has
product strategy is about to increase the current product line rather than
creating a new product line for Cedar City Creamy (CCC Company). However,
regarding price horizontal extensions current product strategy will follow up
the up-ward or up-scale extension as the introduction of a new product will
also open a new market for Cedar City Creamy (CCC Company). The company would
offer a new product in the same targeted market along with the new geographical
segment where the company was not serving previously. Thus the introduction of
a new product strategy will support geographical market expansion to increase
the chances of sales (Fifield, 2012).
However, for
teams, suggested plan downward and downscale extension is not the best option. The
Cedar City Creamy will also bring improvement in the current positioning
strategy to build a positive image in the market. A current positioning
strategy is not fully focused on interactive social media marketing. Thus the
current positioning strategy of Cedar City Creamy Company should be updated. Cedar
City Creamy also added the different flavors of the creams, and their ice-cream
is yummy. In the new recommended positioning strategy, social media marketing,
and advertisement will be given importance to create an image in the minds of
proposed customers. Recommended changes in the proposed strategy will draw an
impact on the core benefits and supplemental features of products. The proposed
strategy will have chances of increase in sales because of expansion in the
product line and market segments. Supplemental features will make the product
complete. Symbolic and experimental benefits will provide sensory pleasure to
the customers. Moreover, these features will have a positive impact on product
positioning in the market. Target customers also desire to have proper details
about materials and prices before contract; therefore, Cedar City Creamy Company
should provide these details about agreement or contract.
References
of Cedar City Creamery (CCC Company)
Fifield, P. (2012). Marketing Strategy.
Routledge.