Question: Your final project will be a few sections of a normal business plan that you will create for a new product or venture of your
Your final project will be a few sections of a normal business plan that you will create for a new product or venture of your choice. Emphasis will be on the Marketing and Promotion Plan section of a normal business plan. The objective is that you will delve into the required information deeper as it relates to our course content.
Your project will be a written document. 12 point font. 1-inch margins. Double-spaced.
Must include the following:
- Title page with full name, course and section, date, name of product or venture, picture.
- Executive Summary One paragraph, double spaced, separate page, titled Executive Summary and includes a well thought out overview of the product or venture. It entices the reader from the beginning.
- Marketing and Promotion Plan This is the area you will be concentrating and adding content.
- Product/Service Plan a clear description of product/venture offering. Includes the rationale and details for the product or venture choices.
- Pricing Details about cost structure and prices. Method and rationale for determining costs are included. Competitor prices and channel management strategies are also addressed.
- Personal selling the role of personal selling, customer relations, and product management to include staff training with a clear plan.
- Non-personal selling Well thought out plan to promote the business or venture. Clear explanations of activities and rationale for the target market.
- Place Clear explanation of how products or venture will be made available to customers. Appropriate methods are highlighted.
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