Question: Formulate a Marketing Plan for Ondraya. Hints: Use the attached Marketing Plan template headings for this purpose. Lots of data is available in the Competitive
- Formulate a Marketing Plan for Ondraya.
Hints:
- Use the attached Marketing Plan template headings for this purpose.
- Lots of data is available in the Competitive Matrix for your use in the Marketing Plan, especially to forecast sales.
- How will you use your marketing strategy and the 4Ps of marketing to achieve your objectives? Include the following factors for the Ps.
- Product: Quality (decide: high, medium, low for Ondraya?) Product mix decisions:
- Variety of products the store will carry?
- Type of clothes, accessories (see matrix in excel sheet)?
- Pricing:
- Prestige pricing or off-price retailing, medium prices, low prices?
- Mixture of the above?
- Advertisement and Promotion:
- Sort of media you will use. TV, radio, newspapers, magazines, social, online?
- Other (events, in-store, personal?)
- Place:
- Where will the store be located? 1 store or more?
- Other recommendations?
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