Question: I NEED EXAMPLE PLEASE -Select a product or service for which you will create a marketing plan. You will use the same product for all

I NEED EXAMPLE PLEASE -Select a product or service for which you will create a marketing plan. You will use the same product for all 4 phases of the marketing plan. PRODUCT BACKGROUND (5 points)

Provide background information on the product such as its purpose, uses and the needs that it fulfills functional and psychological and its position in the market place vs. its competitors.

PRODUCT HISTORY (5 points)

Provide historical information on the company and product.

CURRENT MARKETING STRATEGY (65 points)

Target market

5 points

Describe the primary consumer of your product.

Product

15 points

Compare your products features with those of the top 2 competitors. Discuss unique elements that help to distinguish your product from its competitors.

Evaluate and compare the different brands, sizes, packaging, quantities, and features.

Compare the packages for your product and its top 2 competitors. Discuss the unique visuals and messages found on your product that help to distinguish it from the competitors and represent the quality of the product.

Price

15 points

Compare pricing for the products in this category. Determine a price per unit comparison (create a table or spreadsheet to illustrate, if helpful)

Place

15 points

Evaluate the retail channels and retailers that the product is sold through. Discuss how the product placement within the store affects sales and customer perception.

Promotion

15 points

Identify the different types of media used to advertise your product. Evaluate the messages used in the advertisements and discuss their effectiveness is making consumers buy the product. Evaluate messaging specific to your product.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!