Understand how the marketing plan supports strategic objectives 1.1 Explain how the strategy of the organisation impacts on the marketing plan 1.2 Identify the component parts of a marketing plan 1.3 Identify issues of risk within a marketing plan 2. Understand the construction of a marketing plan 2.1 Identify the levels of importance of each component of the plan 2.2 Identify mitigation strategies for high risk components of the plan 2.3 Produce a marketing plan 3. Understand how to
Premium Marketing Strategic management Management
PROMOTIONAL STRATEGY FOR CCTV CAMERAS We will meet with a member of your leadership team‚ design a specification to meet your individual requirements. Once completed‚ we will submit the specification complete with budget costs. When you are satisfied with the specification we will arrange for three pre-qualified installation companies to tender for the work‚ arranging for them to send their quotations direct to you. As well as supplying the installation companies with the agreed specification
Premium Physical security False alarm Burglar alarm
Study Reoport - Canon The report analyses the success factors of Canon’s business during their globalization in 1960s and 1970s‚ then next discusses the recommendation for Xerox to combat Canon. The report consists of the following sections. Background of the Company history / products Canon Strategy Strengths of Canon Weaknesses of Canon Introduction to Xerox Xerox Strategy Recommendations for Xerox Background of the Company Canon started its business as a camera company in 1933
Premium Marketing New product development Product management
Compare and Contrast Nikon with Canon in Digital SLR Cameras Jingfan Chen Chris Brock University NO. 5515275 PMPC-Business 6P12 Writing Class Isabell Camillo Dec 4‚ 2013 Compare and Contrast Nikon with Canon in Digital SLR Cameras Introduction Today Nikon and Canon constantly battle for the top position in the digital SLR cameras market. These two companies were the first to make the leap from film to digital‚ and their initial impressions in the market make them the dominant
Premium Digital single-lens reflex camera Camera
Chapter 2: Analysis of marketing strategy 2.2 Pricing Strategy 2.2.1 Factor affecting pricing decisions (type of market) iPhone4s is a product from Apple which sells in oligopoly competition market. As we know‚ the characteristic for oligopoly competition market are product differentiation‚ few sellers but many buyers in the market‚ high barrier market entry and exit‚ price maker in the market and spend money in advertisement. It has a few of competitors‚ such as Samsung Galaxy S2 (RM2099)
Premium Apple Inc. Pricing Marketing
Camera For the products of canon‚ their digital cameras are in the growth stage. Their camera have been experiencing rapid increases in sales. It is in this stage that competitors appear. The result of more competitors and more aggressive pricing is that profit usually peaks during the growth stage. Product sales in the growth stage grow at an increasing rate because of new people trying or using the product and a growing proportion of repeat purchasers. Changes start to appear in the product
Premium Marketing Sales
Apple prices strategies. Introductory prices. This strategy means to set low prices that are used to gain entry into the market. It is usual used from startup companies and companies that want to enter in the new market. Establish a high reference price Behaviorial economist Richard Thaler has noted that consumers are really bad at making decisions about value and constantly need "reference prices" for comparison. A dress costs $80. Is that too much? Not if it’s marked down 50 percent from $160
Premium Apple Inc. Flash memory Pricing
Price objective and strategies According to Köehler (1996)‚ the skimming price strategy is a high price strategy which provides a healthy margin but risks a depressed sales volume. Since high prices also attract piracy‚ protection costs against piracy basically eat up margins. In the case of Apple‚ the buyers are not attracted by pirated versions of products because of the image of the brand linked to the snobbism of the “members of the Apple family”. In the graph below‚ we compared iPod sales
Premium Apple Inc. Marketing Pricing
Price Strategy Price is the amount of the money customers have to pay to obtain the product. The value that received from the product must be higher than the value that customers pay for exchange its goods and services. Price does affect customers’ choice in the products or services. Customers today are willing to pay more because the higher price means higher quality one brand offers to them. As the product passes through its life cycle‚ its pricing strategies usually change. For each stage of
Premium Pricing Marketing
Canon Product Decisions The term "product" refers to tangible‚ physical products as well as services. Here are some examples of the product decisions to be made: • Brand name – Canon • Functionality - Digital Single-Lens-Reflex Camera • Styling – Sleek‚ Rounded & Modern Looking • Quality – Great camera; fast‚ feature-packed‚ and with excellent photo and video quality: Very Good to Excellent quality for a prosumer digital SLR • Safety – Weather Seal‚ Safety-Shift Possible‚ Environmental Parameter
Premium Marketing Pricing