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Homework answers / question archive / PROJECT PRINCIPLES OF MARKETING THE PROJECT WILL CONSIST OF TWO PARTS: A PAPER OF A MINIMUM OF 8 PAGES
PROJECT PRINCIPLES OF MARKETING
THE PROJECT WILL CONSIST OF TWO PARTS:
A) A ONE FULL GRADE DEDUCTION WILL BE ASSESSED IF NOT PRESENTED WHEN SCHEDULED
1. POSITIONING
1. CHOOSING YOUR TARGET
A. TARGET MARKET
Describe the features and benefits of your product or service.
What pricing strategy will you choose for your product, and what are the reasons for this strategy?
Where will customers find your product or service? What issues of the distribution mix should you consider?
What promotion mix will you choose for your new product/business. Why?
Provide a brief mission statement for your business
Hint: Be is market/consumer oriented, not product oriented
1
STRENGTHS |
WEAKNESSES |
OPPORTUNITIES |
THREATS |
EXECUTIVE SUMMARY
Now, create an executive summary for your marketing plan. The executive summary should be brief—no more than two pages long—and should cover the major points of the plan.
Hint: At this point, you’ve already answered all of these questions, so what you need to do here is put the ideas together into a “snapshot” format. The executive summary is really a sales pitch based on your VALUE PROPOSITION--—it’s the investor’s first impression of your idea. Therefore, as with all parts of the plan, write in a clear and professional way. Once you have written the executive summary, cut and paste it so that it falls at the beginning of your business plan, as the very first element.
THE PROJECTS WHERE APPROPRIATE USE OF MARKETING TERMS AND CONCEPTS THAT HAVE BEEN LEARNED (I.E. SOCIETAL MARKETING CONCEPT, PRICE SKIMMING, CASH COW, ETC.) WHICH EXPAND ON THE MATERIAL REQUIRED ABOVE WILL RECEIVE THE BEST GRADES.