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Company G- Marketing

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Submitted By jmdotts963
Words 2516
Pages 11
Company G

3-Year Marketing Plan

Assessment Code: VZT1: Marketing Applications

Student Name:

Student ID:

Date:

Mentor Name:

Table of Contents

Introduction 3
Mission Statement 3
Product Description and Classification 3
Consumer Product Classification 3
Target Market 3
Competitive Situation Analysis 4
Analysis of Competition using Porter’s 5 Forces Model 4
SWOT Analysis 4
Strengths 5
Weaknesses 5
Opportunities 5
Threats 6
Market Objectives 6
Product Objective 6
Price Objective 6
Place Objective 6
Promotion Objective 7
Marketing Strategies 7
Product Strategies 7
Price Strategies 7
Place Strategies 7
Promotion Strategies 7
Tactics and Action Plan 8
Product Action Plan 8
Price Action Plan 8
Place Action Plan 8
Promotion Action Plan 8
Monitoring Procedures 9

Introduction

Company G is a leader in providing high grade electronic solutions to its customers. We strive to improve the quality of the products that we provide and also to improve convenience in our customer’s day to day life. Company G has developed an innovative line of electronic appliances and is known around the world for its quality products. Company G’s logo is a household regular and are in more homes across the globe than any other company in the marketplace. Recently we have introduced our newest product- The Micro Kitchen or as to be further referred to as “MK”, is the next big thing in kitchen design and utilization. This product is the first of its kind and stands to be a profitable, winning combination for all.

Mission Statement

“We enable consumers to improve the quality and convenience of their lives by providing innovative electronics solutions.”

Product Description and Classification

The Micro Kitchen (MK) is essentially a “kitchen” that has been reduced to a 6ft wide unit. The MK includes three

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