Write a paper of no more than 1,050 words to explain how the consumer of your target company (“client” – Nordstrom) from Week 1 is influenced during the decision-making process by targeted product positioning. The paper must address the following:
Research the product positioning of similar products to determine the best positioning for your client’s product, and explain your findings.
Recommend a product positioning strategy, and explain why the strategy selected is the optimal choice.
Explain how the promotional strategies are expected to influence consumer decision-making within the targeted market group.
Discuss how environmental factors, cultural differences, and reference groups have an impact on the positioning.
