Preview

Power Marketing

Satisfactory Essays
Open Document
Open Document
453 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Power Marketing
Marketing Plan of Mercury Drug Corporation
I - Market Analysis

A. Target Market- Who are the customers ?
Everyone who are in need of medicine.

1. We will be selling primarily to ( check all the apply) Market Segment Total Percent of Business Private sector Wholesalers Retailers Government Others

2. We will be targeting customers by: a. Product line we will target specific lines b. Geographic Ares? Which Area? c. Industry? Our target Industry is d. Others? e. How much will our selected market spend on our type of product or service this coming year ? B. Business Competition

1.Who are our business competitors? Name: Address: Years in Business: Market Share: Price: Strategy: Product/Service features: 2. How competitive is the market? a. High competitive b. Medium competitive c. Low competitive

3. List below your strengths and weakness compared to your business competition (Consider such areas as location, size of resources, reputation, services, personnel etc.)

C. Market Environment 1. The following are some important economic factors that will affect our product (such as country growth, industry health, economic trends, taxes, rising energy prices, etc.) 3. The following are some important government factors: 4. The following are other environmental factors that will affect our market, but over which we have no control:
II- Product or Services Analysis

A. Description 1. Describe here what the

You May Also Find These Documents Helpful

  • Better Essays

    Strategic Marketing

    • 1816 Words
    • 8 Pages

    The small electrical household appliances market in the UK is a very lucrative and stable market. Items such as toasters and kettles have become seen as necessities in the kitchen. In particular the toaster subsector has experienced steady growth in value since 2002 (Keynote, 2006) and is ranked as the second most lucrative subsector within the broader small electrical household appliances market. Dualit are a UK based company specializing in this market sector. Dualit was founded in 1945 and gained a reputation for its toaster and kettles ranges. In the ten-year gap between 1965 and 1975 Dualit faced stiff competition and decided to redesign its product to aim to penetrate the catering trade. The stainless steal design was both sleek and durable and quickly became a favourite in café and hotel kitchens. In the 1990’s the elegant yet simplistic design of Dualits toaster became very popular in a small segment of the consumer market. Despite a very high cost in excess of £100 the toasters became a very fashionable statement item. Today Dualit offers a wide toaster range but its most acclaimed products are the NewGen Classic toaster range. This range of toasters includes the 2 and 4 slice NewGen models that range for £145 to £195. These toasters boast the award winning Pro Heat elements, which offer high quality performance. The aim of this essay is to evaluate Dualit’s intended marketing strategy and suggest possible alternatives. To do this I will use the “4 P” framework of Product, Price, Place and Promotion.…

    • 1816 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Which of the following best describes the expected level of company sales based on a chosen marketing plan and an assumed marketing environment?…

    • 1759 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    B. It shows the amount consumers are willing and able to purchase at various prices, holding other factors constant.…

    • 3766 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Management

    • 1083 Words
    • 5 Pages

    3. Eddy's Ice Cream developed a line of whole fruit sorbets targeted at people who are loyal Eddy's consumers, but dislike all the fat and calories in ice cream. What organizational growth strategy was used here?…

    • 1083 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Business Marketing

    • 1051 Words
    • 5 Pages

    LO1. There are four major trends that have influenced world trade and global marketing . first one is decline of economic protectionism , is the practice of shielding one or more industries within a country’s economy from foreign competition through the use of tariffs or quotas . Second is rise of economic integration , just like creation of the European Union and the North American Free Trade Agreement . Third , there exists global competition among global companies for global consumers , resulting in firms adopting global marketing strategies and promoting global brands . And finally , is the emergence of a networked global marketspace has emerged using internet technology as a tool for exchanging goods , services , and information on a global scale.…

    • 1051 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Alternative Marketing

    • 1137 Words
    • 5 Pages

    The most common form of Alternative Marketing is Buzz Marketing. It is commonly known as Word – of – Mouth Marketing. One of the fastest-growing areas in Alternative Marketing…

    • 1137 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Management

    • 2448 Words
    • 10 Pages

    Masters Home Improvement is one of Australian home improvement and hardware store which only have two years’ experience. The beginning of Masters Home Improvement was established under the program of joint venture between Australian retailer, Woolworths Limited and American home improvement and appliance stores, Lowe’s. The very first store opened on 1 September 2011 in Braybrook, Melbourne. Now there are 33 stores in Australia. In 2012, the transactional website was launched that made Masters Home Improvement win the title of Australia's first online hardware and home improvement retailer. Masters Home Improvement strives to provide marvellous shopping experience that consumer have never experienced before via marketing strategies. This essay will outline the marketing environment analysis of Masters Home Improvement in terms of macro and micro factors. Then, it will discuss the marketing approach. In the end, some recommends will be given to Masters Home Improvement.…

    • 2448 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Strategic Marketing

    • 1041 Words
    • 5 Pages

    In order for an organization to reach its target markets, it must use the strategic marketing process to allocate its marketing mix resources. The marketing mix is elements, such as price, product, place, and promotion (also known as the 4 “P”’s) used in the make up the marketing process (Bayne & Hardin, 2002). It is important for an organization to have a good understanding of the marketing mix. Each element is important when developing a marketing plan (Bayne & Hardin). It is equally important to understand that to accurately utilize the marketing process; the organization must follow another process which consists of three phases and are usually formalized in a marketing plan (Bayne & Hardin). The phases are planning, implementation and control.…

    • 1041 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Essay, Case,

    • 18764 Words
    • 76 Pages

    * b. the amount of a good that will be available for sale at various prices…

    • 18764 Words
    • 76 Pages
    Good Essays
  • Good Essays

    marketing management

    • 630 Words
    • 3 Pages

    (Key Question) Assume that the five residents of Econoville receive incomes of $50, $75, $125, $250, and $500. Present the resulting personal distribution of income as a graph similar to Figure 4.2. Compare the incomes of the lowest and highest fifth of the income receivers.…

    • 630 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Powerade marketing

    • 3151 Words
    • 13 Pages

    The main competitor of powerade is Gatorade. The combined market share of all Gatorade products is 84.7% of the sports drink market. These Gatorade products include traditional Gatorade, Gatorade Frost, Gatorade Fierce, Gatorade X Factor Gatorade All Star, Gatorade Ice, Gatorade Extreme, and Gatorade Endurance Formula. The combined sales for these Gatorade products were $2.1 billion for the 52 weeks ending June 12, 2005. In this time period Gatorade has seen a 0.1% increase in its market share. Gatorade has sponsorship deals with the National Football League National Basketball Association, Major League Baseball, Major League Soccer.…

    • 3151 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Strategic Marketing

    • 1293 Words
    • 6 Pages

    Critically examine the marketing activities, the role and the process of strategic marketing in your chosen organization. Evaluate the relationship between strategic marketing and corporate strategy within the context of the chosen organization.…

    • 1293 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    When GE realized that its products would no longer sell themselves, it had to invent a formidable marketing function from scratch.…

    • 5315 Words
    • 22 Pages
    Good Essays
  • Better Essays

    Strategic Marketing

    • 1150 Words
    • 5 Pages

    'paradigm' and, if we were to follow Thomas Kuhn's lead, then these three movements would…

    • 1150 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Strategic Marketing

    • 3170 Words
    • 11 Pages

    This project seeks to evaluate the present strategies of Habitat Developers Inc. and provide feasible recommendations in the event to better the overall marketing strategies as well as the business strategies. This was done through the use of PESTEL and Porter’s Five Forces Model, which was used to assess the company’s current position within the environment and housing development industry within Barbados. A SWOT analysis was also done to determine the current business position of the company. Using the information gathered from the SWOT analysis, ways are suggested in which Habitat can promote further growth and maintain their competitive advantage over its competitors. Focus and direction is established through the company’s vision and mission statements. Marketing and financial objectives are…

    • 3170 Words
    • 11 Pages
    Best Essays

Related Topics