Campbell’s Soup Case Study

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Question

I need support with this Marketing question so I can learn better.

Answering 4 questions on a case study that I will provide.

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1.In what category of the product life cycle are Campbell’s soup products? Can a company’s products be in one stage of the PLC while the industry category is in another? 2. Beyond product innovation, what other parts of Campbell’s marketing mix could be adjusted to try to get millennials to grab their soup spoons? 3. Campbell’s expanded its offerings through both its own R&D and by acquiring other companies and their products. What are the pros and cons of these two options? Which should be Campbell’s focus going forward? 4. Since consumer research shows a clear preference among millennials for foods other than soup, should Campbell’s slowly abandon soup in favor of other alternatives or continue to try to reinvigorate the soup product line?

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Which should be Campbell’s focus going forward

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