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Unit 2 Discussion 1 Market Demand

Unit 2 Discussion 1 Market Demand

Q Based on the readings this week on the topic of market demand, what happened to the automobile brand Hummer? They seem to have disappeared from US roads? Can this be related to this week’s topics of market demand and product life-cycle? What are your thoughts? What are some other examples?

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The automobile brand Hummer had initially shown great potential to be accepted globally as well as by local consumers because of celebrity endorsement. This is because consumers can always look up to celebrities to replicate the purchasing of the choices of products of the celebrities endorsing the brand. The latest celebrity to endorse Hummer is LeBron James (Luedicke, 2020). There had also been other celebrities in the past who had owned Hummer vehicles and had advertised or at least showcased their vehicles in media with pictures/images and videos of their vehicles (Luedicke, 2020).