Sally Morrison, the head of marketing for Lightbox (De Beers' synthetic stone brand), said the brand's products were meant to be viewed by consumers as playful accessories. "Everyone who is in this space is focusing their marketing on the bridal category." Ms. Morrison said. "And we believe they are missing an incredibly interesting opportunity: the self-purchasing professional and younger woman, the older woman who already has a jewelry collection," and any woman "who doesn't want the weight and seriousness of a real diamond for everyday life." "Though man-made stones account for only about 2 percent of the diamond industry's supply, analysts at Citibank have forecast a possible rise to 10 percent by 2030." Based on this quote in the article, how would you categorize Lightbox in De Beers' portfolio planning? O. Dogs O. Stars O. Question Mark O. Cash Cow O. Red Light

MARKETING 2018
19th Edition
ISBN:9780357033753
Author:Pride
Publisher:Pride
Chapter6: Target Markets: Segmentation And Evaluation
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Sally Morrison, the head of marketing for Lightbox (De Beers' synthetic stone brand), said the brand's products were meant to be viewed by consumers as playful accessories. "Everyone who is in this space is focusing their marketing on the bridal category." Ms. Morrison said. "And we believe they are missing an incredibly interesting opportunity: the self-purchasing professional and younger woman, the older woman who already has a jewelry collection," and any woman "who doesn't want the weight and seriousness of a real diamond for everyday life." "Though man-made stones account for only about 2 percent of the diamond industry's supply, analysts at Citibank have forecast a possible rise to 10 percent by 2030." Based on this quote in the article, how would you categorize Lightbox in De Beers' portfolio planning?

 

O. Dogs

 

O. Stars

 

O. Question Mark

 

O. Cash Cow

 

O. Red Light

Sally Morrison, the head of marketing for Lightbox (De Beers' synthetic stone brand),
said the brand's products were meant to be viewed by consumers as playful
accessories. "Everyone who is in this space is focusing their marketing on the bridal
category." Ms. Morrison said. "And we believe they are missing an incredibly
interesting opportunity: the self-purchasing professional and younger woman, the
older woman who already has a jewelry collection," and any woman "who doesn't
want the weight and seriousness of a real diamond for everyday life."
"Though man-made stones account for only about 2 percent of the diamond
industry's supply, analysts at Citibank have forecast a possible rise to 10 percent by
2030." Based on this quote in the article, how would you categorize Lightbox in De
Beers' portfolio planning?
Dogs
Stars
Question Mark
Cash Cow
Red Light
Transcribed Image Text:Sally Morrison, the head of marketing for Lightbox (De Beers' synthetic stone brand), said the brand's products were meant to be viewed by consumers as playful accessories. "Everyone who is in this space is focusing their marketing on the bridal category." Ms. Morrison said. "And we believe they are missing an incredibly interesting opportunity: the self-purchasing professional and younger woman, the older woman who already has a jewelry collection," and any woman "who doesn't want the weight and seriousness of a real diamond for everyday life." "Though man-made stones account for only about 2 percent of the diamond industry's supply, analysts at Citibank have forecast a possible rise to 10 percent by 2030." Based on this quote in the article, how would you categorize Lightbox in De Beers' portfolio planning? Dogs Stars Question Mark Cash Cow Red Light
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