Question: Objective: The primary objective of this assignment is to develop your analytical and strategic thinking skills in the field of marketing management. By selecting a

Objective:
The primary objective of this assignment is to develop your analytical and strategic thinking
skills in the field of marketing management. By selecting a company of interest and employing
the Four P model, you will gain insights into how businesses strategically manage their
products, pricing, distribution channels, and promotional efforts.
1. Company Selection [5]
Choose a company that interests you. Provide a brief introduction to the chosen company,
including its industry, market position, and target audience.
2. Product Analysis [15]
Evaluate the company's current product offerings. Consider product quality, features,
branding, and positioning. Analyse how the company's products meet customer needs and
expectations. Propose at least two strategies for product enhancement or diversification.
3. Price Analysis [15]
Assess the company's pricing strategy in the current market. Evaluate the pricing structure in
relation to competitors. Suggest two pricing strategies that align with the company's
objectives and market conditions.
4. Place (Distribution) Analysis [15]
Examine the company's distribution channels and reach. Evaluate the effectiveness of the
current distribution strategy. Recommend two strategies for improving or expanding the
company's distribution channels.5. Promotion Analysis [15]
Analyze the promotional tactics currently employed by the company. Assess the
effectiveness of advertising, public relations, and other promotional activities. Propose two
innovative promotional strategies to enhance the company's market visibility.
6. Overall Presentation and Clarity [5]
Ensure clarity, coherence, and professional presentation in the assignment. Proper use of
headings, subheadings, and citations. Adequate use of academic language and formatting

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!