Assignment: Principles of Marketing
Write a 5 to 6 pages paper with at least 4 references to answer the below questions.
BACKGROUND
The Airbus A380 was Europe's answer to the familiar Boeing 747 Jumbo jet that is still in production. Recently, Airbus announced that manufacturer of the A380 would be discontinued. The right plane at the wrong time?
I. After first describing each of the four stages in a product life cycle (introduction, growth, maturity, and decline), determine where the Boeing 747 and Airbus A380 jumbo jets are in their own life cycle. Explain why you selected the stages for each one.
II. Next, explain what a market segment and target customers are, including citations for appropriate references for the definitions. Determine what the market segment is for jumbo jets and who its target consumers are now. What consumers should Airbus target to reverse the decline?
III. How has the product mix for Airbus changed now that the A380 will no longer be produced?
IV. How can Airbus adjust the marketing mix for its jets to ensure that it is competitive moving forward? In other words, what is your vision for the future of the Airbus? What does Airbus have to do to achieve that future, if it has one?
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.