Benchmark Homework: Marketing Plan Analysis and Presentation- Product or Service and Price
The purpose of this homework is to conduct research related to how a specific company utilizes information related to consumer behavior, product mix or service processes, and pricing to create marketing plans that will meet business needs including their specified marketing objectives.
Part I:
Continuing in the role of a marketing professional who has been tasked with completing a marketing plan for a client, refer back to the research you completed in the Topic: Research as a starting point for the homework. Conduct additional research related to consumer behavior, the company's specific product or service, and the company pricing strategy, and use it to complete the "Marketing Plan Analysis and Presentation: Research Template."
Part II:
Create a 15 to 20 slides PowerPoint presentation that summarizes your marketing plan analysis based upon the research you have conducted. Slides should address each of the key areas listed below and should include speaker notes that explain how the company could have used what it learned about consumer behavior, product or service, and pricing to help it develop a marketing plan in order to meet the company marketing objectives and business needs. Include a slide at the end of the presentation to cite your research sources.
Company Background:
1) Company name, vision, and mission.
2) Company marketing objectives.
Consumer Behavior:
1) Describe the customer segments and target markets.
2) Describe characteristics of the target markets that will affect product/service and pricing decisions.
3) Describe how the company differentiates its product and positions its brand.
4) Describe a consumer buying behavior model for this company and brand.
Product or Service:
1) Describe the product mix.
2) Describe the product lines.
3) Describe the service processes.
4) Discuss physical evidence of service, service scape, and ambiance.
5) Discuss the roles of company employees in service delivery.
Price:
1) Define the company's pricing objectives and discuss whether the objectives are profit- or sales-oriented.
2) Provide example of current company pricing strategies.
3) Describe pricing tactics (discounts, etc.) that are used to drive short-term demand.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.