A letter of intent (LOI) is a document that someone uses in order to declare their intent to do something, such as make a purchase, apply for a job or education program, or to clarify points in a business transaction. communication. After the legendary placement of Reese’s Pieces candy in the 1982 film E.T., The purpose of this study is to explore how different variables impact the effectiveness of product placement in order to provide marketers with insights into planning product placement strategies. Few big budget movies are made these days without product placement. B) improve the corporate image. D) relate the product to an event. Walmarts marketing strategy has positioned itself as a company offering products at the lowest price. Product placement, also known as embedded marketing, is a marketing technique where references to specific brands or products are incorporated into another work, such as a film or television program, with specific promotional intent.. Product placement has been utilized for over 100 years, but grew sharply in use between 1978 and 1981 when movie producers became aware of the commercial value of product placement (Brennan et al., 1999; Segrave, 2004). Product placement is where companies would pay a filmmaker for their brands to be integrated into the film or television program and/or in its marketing. Product placement, also known as embedded marketing, is a marketing technique where references to specific brands or products are incorporated into another work, such as a film or These arrangements effectively provide production financing and an additional source of film revenue. Create dynamic displays of agreeably priced items with high profit margins, and utilize action colors such as red or orange, coupled with lighting to attract the eye. Positioning strategy plays an important role in company’s success. Among these new marketing communication approaches, product placement has been utilized frequently. C) deal with negative attention related to the company. Product advertising is a paid promotional communication that attempts to induce consumers to purchase a product. Driving sales goes hand-in-hand with brand awareness, and many sponsorship opportunities allow you to introduce consumers to your product in a way that encourages them to make a purchase. Here is the marketing strategy of Walmart analysed in detail. Build a gorgeous exhibit using placement, color and lighting to feature one high-end item, with the express intent of placing in your customers’ minds the phrase, “I want that.” Product placement is utilized with the intent to: A) generate exposure, brand awareness, and interest. Food or cosmetic companies at a trade show, for example, may have samples for a customer to try at the same location where they can purchase full-size products. E) generate exposure in various news media outlets. Walmart is the largest retailer in terms of revenues and number of employees globally. They are written in letter format, and signed by one party (the party writing it).