1.2 The main content of the assignment should include the following: - Imagine that you have created a new innovative product. As the brand owner, you will develop a Marketing Plan for this product. These are the guidelines used to develop the Marketing Plan. 1.2.1 Describe your product's value proposition (10 marks). 1.2.2 Illustrate your product in detail (drawing/picture/video) (10 marks). 1.2.3 Who is the target market? Describe in detail of the potential customer profile (10 marks). 1.2.4 Briefly, explain your marketing mix (product/price/place/ promotion) strategies? (40 marks). 1.2.5 Who are your core competitors? (5 marks). 1.2.6 Using SWOT Analysis evaluate the new product (20 marks).
1.2 The main content of the assignment should include the following: - Imagine that you have created a new innovative product. As the brand owner, you will develop a Marketing Plan for this product. These are the guidelines used to develop the Marketing Plan. 1.2.1 Describe your product's value proposition (10 marks). 1.2.2 Illustrate your product in detail (drawing/picture/video) (10 marks). 1.2.3 Who is the target market? Describe in detail of the potential customer profile (10 marks). 1.2.4 Briefly, explain your marketing mix (product/price/place/ promotion) strategies? (40 marks). 1.2.5 Who are your core competitors? (5 marks). 1.2.6 Using SWOT Analysis evaluate the new product (20 marks).
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Step 1 Introduction
For launching any product or services there are several components that needs to strategically planned and good research regarding the market and industry should be done before introducing any product or services.
There are various aspects as the 4ps of marketing, the target market etc.
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