pharmasim simulation for marketing

For the simulation

Every retail outlet has unique characteristics that influence a brand's success. These include the location of the outlet, the type of shopper who frequents the outlet, the cost of doing business through the outlet, and outlet policies governing the product category in which you compete. Outlet policies include how much shelf space they allocate to the product category, how they allocate shelf space among brands, whether they carry a broad or narrow line, their willingness to carry in-store point-of-purchase promotional displays, etc. This assignment is designed to provide insight into that process by asking you to visit three retail outlets in your neighborhood: a mass merchandiser, a grocery store, and a drugstore. Please fill out the tables below and then discuss your findings. 1. Complete the following to table to create general descriptions of outlets with respect to the OTC cold medication product category. Drugstore Grocery Mass Merchandiser Name of Outlet Description of Typical Customer Approx. % of Store Allocated to Product Category Pharmacist Present? Approx. # of Brands Carried 2. Complete the table below to compare the presence of a particular OTC liquid multi- symptom cold medication across channel outlets. Name of Brand: 1 Drugstore Grocery Mass Merchandiser # of SKUs for brand Approximate Linear Feet of Shelf Space Allocated to Brand MSRP of Primary SKU (if available) Standard Retail Price Promotional Price Description of Any Promotional Vehicles (point-of-purchase displays, coupons, etc.)