Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:

Read the passage and answer the following questions.

Neha is the founder of EcoFresh, a company that produces organic skincare products. With growing consumer interest in eco- friendly products, Neha decides to launch a new herbal face cream. To ensure the success of this product, Neha carefully designs her marketing strategy by considering the various elements of the marketing mix.

Neha emphasizes the uniqueness of the product by highlighting its 100% organic ingredients and chemical-free formulation. She also ensures attractive packaging made from biodegradable materials to align with the eco-friendly image of the brand. After conducting market research, Neha decides to use a competitive pricing strategy. This strategy positions the product as high-quality yet reasonably priced.

To ensure availability, Neha uses a multi-channel distribution strategy. The cream is sold through physical retail stores, online platforms, and EcoFresh's exclusive website.

For promotion, Neha employs a mix of strategies. She launches a social media campaign showcasing the benefits of the cream and collaborates with beauty influencers to create awareness. Additionally, she organizes free product trials at retail outlets and offers discounts for first-time buyers.

Within six months of launch, the herbal face cream becomes one of EcoFresh's best-selling products. The marketing mix plays a crucial role in this success by effectively addressing customer needs, ensuring product accessibility, and building brand awareness.

How did Neha promote the product online?

Options:

By offering free home delivery

By running newspaper advertisements

By conducting email marketing

Through social media campaigns and influencer collaborations

Correct Answer:

Through social media campaigns and influencer collaborations

Explanation:

The correct answer is option 4- Through social media campaigns and influencer collaborations.

Through social media campaigns and influencer collaborations, Neha promotes its product online.

"She launches a social media campaign showcasing the benefits of the cream and collaborates with beauty influencers to create awareness." This line shows how Neha promote its product.