Company Synopsis
With the addition of new tracks, skyboxes and the television coverage that is constantly given to the Racing sport, the public interest in collecting racing sport cars has helped Racing Champions move forward and conquer the collectible toys market. The company founder, Mr. Robert E. Dods, began his career in the toy industry as a worker for the Chemtoy Corporation, a large manufacturer of seasonal type toy items. In 1989 he started his own business with today’s Racing Champions’ executive vice- president Boyd. The company is one of the largest marketers of die-cast racing vehicle replicas in the United States and the trust invested in one another is as large as the company itself. Their replica vehicles, including heavyweight motorcycles and motorcycle parts, and accessories are made precisely to scale with authentic features and color tones. Racing Champions is a chief producer and marketer of inventive collectibles and toys primarily targeted at adult collectors and children. The Company's basic line of products include: agricultural, construction and outdoor, and sports vehicle replicas. Their specialized stock includes: automotive high performance and racing vehicle replicas; traditional chi
The products that will be available in the stores each month are initially placed in commercial advertisement through the local and affiliated webs. Larger scale promotions are publicized through electronic and conventional means. Racing Champions web site attracts approximately 6 million visitors per month, but the competition in the markets for the company's products may increase in the near future. Racing Champions in turn countered by adding E-commerce to their extensive methods of communication. Currently, the company is dependent upon continuing licensing arrangements with vehicle manufacturers, agricultural equipment manufacturers, major race, race team owners, drivers, sponsors, agents and other licensors. In order to avoid the overproduction of items and clogging of shelves, the United States, Hong Kong, and China teams have applied the proactive element of integrated marketing communications vested in the analysis of campaign evaluations. This process is performed monthly and is the reason for the continuous flow of merchandise and the acquisition of fresh revenues the business forecasts its marketing objectives upon. With that in mind, the company is able to manufacture, source and ship new and continuing products on time, and customers and consumers can accept those products at stable prices sufficient for the company to profit and succeed. This would
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Approximate Word count = 932
Approximate Pages = 4 (250 words per page double spaced)
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