NextQ36

TechTales Pvt. Ltd. is a well-known company engaged in manufacturing innovative educational gadgets for children. The company is in the process of developing a new product, a Smart Story Lamp, which allows parents to record bedtime stories and messages for their children when they are not at home. The device has a built-in voice recording and playback system - whenever the child switches on the lamp, the recorded message or story plays automatically, helping parents stay emotionally connected even in their absence. Although this product faces strong competition from different brands in the Indian market. The management of TechTales Pvt. Ltd. is considering a reasonable price strategy to reach customers who are currently using other brands. Identify the pricing strategy that the management is planning to adopt. State any two advantages of adopting this pricing policy for TechTales Pvt. Ltd. Suggest a better pricing strategy apart from the one identified to switch the customer from the other brands.

Marketing Strategy and the Product MixStudy Simplify SpecialPYQ3LQ
Question 35

Aanya and her brother Arjun started a new coffee brand called BeanBrew Cafe in Pune. They wanted to create a strong identity that customers could easily recognize among the many coffee shops in the city. They worked with a local graphic designer to create a distinctive design and mark - a brown coffee cup with rising steam shaped like a heart, along with the brand name in bold cursive lettering. The distinctive sign appeared on their cafe boards, coffee mugs, napkins, staff uniforms, and social media pages. Customers began associating the steaming coffee cup with warmth, comfort, and quality service. Aanya realized that this was not just an image but a symbol of trust and consistency for her business. Find the concept mentioned in the above case study and enlist any three purposes served by this concept.

35/74