Final answer:
The incorrect statement about Red Bull's promotional strategy is that it initially spent large amounts on traditional media, as Red Bull instead focused on non-traditional methods like word-of-mouth and extreme sports sponsorship.
Step-by-step explanation:
The statement regarding Red Bull's promotional strategy that is INCORRECT is: B. Red Bull initially spent large amounts on traditional media in order to rapidly create awareness for its brands. Red Bull's approach to building its brand was unconventional — instead of investing heavily in traditional advertising methods such as television and print media, the company focused on word-of-mouth marketing, under-the-radar methods, and sponsoring extreme sports events. This strategy was pivotal for creating an edgy and adventurous brand image that would appeal to their target market.
Red Bull successfully used its promotional strategy to align with the aspirations of its target audience, primarily sponsoring adventure and extreme sports. The association with such high-energy and adrenaline-fueled activities effectively communicated the stimulative effects of the Red Bull energy drink and enhanced its brand image.
Furthermore, regarding statement C about sponsorship of mainstream sports as a response to negative publicity, the supplementing of its brand image with more mainstream sports sponsorships over time was a strategic move to diversify its presence across different segments and not solely a response to negative publicity arising from alcohol consumption with its beverages.