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Answer on Other Management Question for raj

Question #43206
Design a questionnaire to find out the effectiveness of an advertisement appeared in a newspaper. Take the case of automobile segment [4 wheeler].
Expert's answer
The extreme competition in the automotive industry results in razor-thin profit margins as original equipment manufacturers (OEMs) compete for market share and profits which increase shareholder's value. Product differentiation thus becomes a key
strategy used by OEMs to attract consumers to their products. The typical product and/or service value proposition for an automotive manufacturer is composed of the following attributes:

-Quality (segment leading or equivalent);
-Reliability and Durability (segment leading or equivalent);
-Price (competitive within segment);
-Styling (meets or exceeds expectations of targeted segment);
-Performance (meets or exceeds expectations of targeted segment);
-Features and Functions (competitive within targeted segment).

To support an OEM's products in the marketplace, effective marketing and advertising strategies should build brand awareness and familiarity which induces consumers, both "loyal" and "avoiders," to traverse the purchasing funnel and eventually purchase. To this end, the concept of "Two-sided Messaging" is used by OEMs as one advertising strategy. The use of "Two-sided Advertising" has been widely studied and debated as to its effectiveness when compared to "One-sided Adverting" strategies.

This thesis compares and contrasts the concepts of "Two-sided" and "One-sided" advertising.

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