Assignment Task:
TASK:
Submitted as mandatory requirement for the course “Principles of Marketing” in the Program, Bachelor of Business Administration
TABLE OF CONTENTS
S.NO TOPICS
PAGE NO.
1 COMPANY DESCRIPTION
2 SWOT ANALYSIS
3 PRODUCT DESCRIPTION
4 PRODUCT LINE & PRODUCT MIX (WITH PLC ANALYSIS)
(If any)
5 COMPETITOR ANALYSIS
6 MARKET SEGMENTATION
7 TARGET MARKET
8 PRICING STRATEGY
9 CONCLUSION AND RECOMMENDATIONS
Company DescriptionThe company description should highlight the history and evolution of the company, as well as provide data about its age, size and geographic scope and operations.
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The SWOT analysis is an effective short-hand summary of the situation analysis. The acronym is used to describe an organization’s internal Strengths and Weaknesses and its external Opportunities and Threats. This analysis provides a solid foundation as a springboard to identify subsequent actions in the marketing plan. The SWOT analysis can be effectively presented in a tabular format followed by a text discussion that elaborates on the information in the table.
An analysis to identify internal strengths and weaknesses usually includes the following areas in an organization:
When analyzing:Consider:
- Managementexperience level, management style, size
- Offeringsuniqueness, quality, price,
- Marketingtype and scope of marketing plan
- Personnelquality and experience of workforce
- Financesales revenues
- Manufacturingquality and dependability of suppliers
- R & Dplans for continual product improvement, R & D budget
- An analysis to identify external opportunities and threats usually includes the following factors:
- When analyzing these factors:Consider:
- Consumer/Socialsize and stability of market
- Competitivenumber and size of competitors
- Technologicalthe effect of technology on any facet of the business
- Economiccurrent and projected economic situation of market
- Legal/Regulatorythe effect of legal and regulatory factors on any facet of the business
Product description
- A product description is a structured format of presenting information about a product which includes its benefits, form, presentation, price, purpose etc. . A good product description should include a detailed description of the product, its special features which differentiate it from other products unique selling points and utility of the product.
- Competitor Analysis
- An effective analysis of the competition should demonstrate that the company has a realistic understanding of its major competitors and their marketing strategies. As in with the industry analysis, a realistic assessment makes readers feel confident that the marketing actions in the plan are well grounded.
Market Segmentation & Target market
- A detailed profile of the targeted customer groups and the segmentation approach/basis used by the company (e.g. geo-demographics, life styles etc.).
- Pricing Strategy
- Explains the pricing options/tactics being used by the company to attract the customers and create revenue streams.
- Promotion Strategy
- Promotional mix being used by the company with special reference to current advertising campaigns. A mention of the advertising/media partners is also recommended.
- Positioning
- A product’s unique points of difference are communicated by way of a positioning strategy. In case of a broad product mix, positioning basis for a few of its brands may be cited to serve as examples.
Marketing Channels/Distribution Mix
Gives the distribution channels being employed by the company to effectively distribute and sell its various market offerings.
- Financial Aspect
- Cash flow (Simple)
- Advertising Budget
- Breakeven
- Investment required
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