StudentShare solutions
Triangle menu

Report - Assignment Example

Not dowloaded yet

Extract of sample
Report

The advent of new technology will contribute to raise the productivity and will also reduce the production cost. The introduction of upgraded technology will enhance the power quality. The technological progress in the production process will also contribute in the distribution process of power. In this fashion less power will be lost in the distribution process and can be utilized by the people (Mkpandiok & Dimla, 1999). Price The price is the most important determinant that either drives the consumers towards the products or drives them away. If the price strategy is attractive the consumers will be driven to buy the products (Salzman, 2008). Again if the consumers believe the price is costlier than the substitutes available in the market, they will drive themselves towards the substitutes. Therefore thorough market research is necessary before labelling up the price. The company firstly needs to target the consumer base. If the target base is the upper income level people then the incomes of those consumers should be taken into account while adopting the appropriate price strategy. It is important to judge the demand throughout the year as well. It is recommended to use the flexible or the reasonable price strategy since this will allow the middle income group to fall with the consumer base. This strategy will have two objectives (Belohlavek, 2008). On one hand the company will be able to cement the consumer base while on the other the demand for the product will raise which will tend to bring in more revenue into the company. The middle income group generally have low disposable income and so a reasonable price strategy will be mouth watering for them. Place The first thing which the company will like to do is to target the areas where it expects to attain maximum demand. An effective market research technique is indispensible in this case. The population, income levels, the demand potential are some of the parameters that are taken into account while analysing the target market (Shaad, & Wilson, 2009). Once the potential areas have been identified the company needs to tap them either with the help of some attractive strategies or with various methods of advertisements. Once the potential market gets tapped the company needs to recruit the suppliers to maintain the distribution chain. These suppliers will provide electricity to the entire geographic location. Promotion It is necessary to increase the brand awareness in the modern world. The consumers are inclined towards brand and therefore companies tend to focus a lot today on generating brand value (Viardot, 2008). The brand value can be gained through various modes of advertising namely print media or digital media. The advertisements cement the name of the brands on the minds of the consumers. Similar advertisement initiatives include sponsorship of sporting events or television programs. The point is to stay in touch with the consumers all the time in whatever way it can be. Few Statistics The demand of energy has significantly increased over the last few decades. Significant energy production and appropriate distribution can drive the nation towards development and growth. Nigeria Follows federal constitution. The purpose of the study is to develop marketing mix strategy for the energy providing company in Nigeria. The organization is trying to provide electricity in the Nigerian Market. The Nigerian electricity industry is very much potential. The industry is suffering from ...Show more

Summary

Report Answer 4 This part will recommend a marketing mix strategy for the energy providing organization. The marketing mix serves the purpose of being an important business tool that refers to mainly 4 P’s namely product, place, promotion as well as price…
Author : brionnazieme
Report essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Report"
with a personal 20% discount.
Grab the best paper

Related Essays

Report
Years over, key financial institutions have been charged with conspiracy to manipulate the financial markets to their favor. Insider dealings and manipulation of market rates are popular economic crimes performed by financial institutions. In the recently concluded investigations, UBS- a Japanese subsidiary of The Swiss bank- was found guilty of manipulating the London interbank offered rates and similar interbank lending rates between the years 2005-2010.
8 pages (2000 words) Assignment
Ethics Report + Sustainability Report
Electronic number code uniquely identifies all objects in the world by assigning unique identification to them. Many organizations have implemented the RFID technology for security reasons. With the system in place, the organizations are able to collect volumes of information regarding people who pass through them including people’s movements and use them to do other things that people are not aware of.
4 pages (1000 words) Assignment
Report
Intended audience demographic: All adult women, particularly C2DE women Intended broadcast network: ITV Suggested time slot: 5:30-6:00 pm, once a week Episode length: 30 minutes per episode Number of episodes: 13 (one season) Genre: drama Series synopsis: Millie Ross, a single mother and frustrated singer constantly brings her son Derrick, a musical prodigy to talent auditions, hoping for him to be discovered and turned into a star.
8 pages (2000 words) Assignment
Report
The vital reason behind selecting the theory is that the theory has helped in highlighting the significance of studying both internal and external factors before making any final decision within a business (Schoech, 2006). The main objective of this report is to facilitate in developing an individual’s ability to develop skills that would help in analysing connecting theories and practises.
3 pages (750 words) Assignment
Report
After several rejections and no call-backs, just when they were about to give up, a talent-scout advised Millie to let her son audition for a
8 pages (2000 words) Assignment
Report
It is advisable that the firm switch most of its production activities to low cost input factor. In that respect, it would be advisable to shift production operations to Latin America. This would
1 pages (250 words) Assignment
Report
has the following characteristics such as – the capital is provided by the owner and any borrowing is done on additional requirement of funds, as there is no legal formalities it can be easily dissolved, it can be easily transferred to another person, the owner being the sole
6 pages (1500 words) Assignment
Individual Report
This report presents analytical overview of the economic situation in the Czech Republic and provides recommendations regarding expansion of the business to this country. Historical data and macroeconomic trends
8 pages (2000 words) Assignment
Annal report
Majority of the jurisdictions need companies to develop and publicize the annual reports. The jurisdictions also require the accounting reports to be adequately submitted to the company’s registry. Companies that participate at the stock
1 pages (250 words) Assignment
Report
Keep your work in the spaces allocated. By using this template, you will be able to view the criteria we are looking for, and not miss out any important items which are required. This is the standard format for most CSU subjects so it is important for you to learn
6 pages (1500 words) Assignment
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation