Goodyear

Executive Summary: Goodyear faces many issues with the launch of its Aquatred strike out, stingy the most tortuous decision pertains to its steer strategy. Based on the case analysis, Goodyear should wait to utilize its traditional distribution channel for Aquatred since its existing channels take up support the relatively high-end positioning of Aquatred labours in the marketplace. However, Goodyear should in addition conduct expanding its convergence and distribution strategies to pass off other segments of the have on market. Currently, Goodyears product and distribution strategies do not efficaciously scream the needs of the large proportion of customers who are expenditure sensitive. By re-introducing private label use ups and placing them in lower- footingd outlets, Goodyear can reach more(prenominal) of the market, without cannibalizing existing sales. Marketplace Analysis: Consumers: The majority of consumers in the tire market make their get decisio n ground on price. In fact, price is ranked as the most of the essence(predicate) criteria in retailer selection. Additionally, there is a crook among customers of decrease stigma loyalty, with an increasing number of customers not versed which tire brand they intend to purchase next. These factors lead to an progressively commoditized market. This is support in the case, which indicates that customers in three of the four segments consider price a key factor in their purchase.

The largest grade (37% of the market) includes trade good buyers who consider price and outlet, but not brand, in their purchase d ecision. The second category (22% of the ma! rket) consists of price-constrained buyers who aim to purchase the top hat brand given their constrained budget. These customers exhibit minimal brand or outlet loyalty, and usually shop around to shape the best price. The third category (18% of the market) consists of the value-oriented buyers who prefer major brands, but entrust also shop around for the best price. The quaternary category, the character reference customers, is the only... If you want to get a full essay, straddle it on our website: OrderCustomPaper.com

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