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Essay example - Marketing Mix Recommendations
Pages 5 (1255 words)
Marketing Mix Recommendations Table of Contents Executive Summary 3 Product Recommendation 4 Price Recommendation 5 Place Recommendation 6 Promotion Recommendation 7 Works Cited 7 Executive Summary For every single business, whether it is small or big needs to have a sound marketing strategy in order to meet the objectives of business…
Extract of sample
Hygiene is one of the important factors within the food industry and consumers give highest priority to it. Therefore it is highly recommended that the company should only sell hygienic and fresh foods. The pricing should be done on the basis of cost plus pricing method and market penetration strategy can be followed to grab more market share. Regarding the promotional aspect, the company can effectively use television and newspaper advertisement as both the media have mass reach. Finally regarding the distribution, the company can appoint distributors and target food marts to distribute and sell their products. Memorandum Date: 18th October, 2012. Subject: Organic Food for the family Unit To: The Big Boss From: Consumer Research Department To maintain sustainability of a business, it is extremely important to keep hold on the present market share. However after a certain point of time it becomes essential to focus on the ways by which market share can be increased. Greater market share helps in increasing the brand recognition. There are some interesting facts about increasing market share. Increasing market share is important only when the company is earning more profits. However it does not have any importance when the market share has increased but the company is losing money. ...
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