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Mkt500: Marketing Management Assignment 5

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Submitted By jamach17
Words 5202
Pages 21
Abstract
In this assignment I will describe my small business’s marketing plan. This marketing plan will include an executive summary, mission statement, branding, pricing, and distribution plan and IMC and customer satisfaction plan along with other important factors. I will discuss the company’s competitors and its strengths and weaknesses that it posses. I will also determine the differentiation strategy in relation to the closet competitor. Then I will explain whether the company’s intention is to be a leader or follower within the industry. After explaining that, I will assess the macro-environmental issues trends with which the company must operate. Last but not least, I will identify the most significant trend to impact the business and discuss how the company intends to minimize or capitalize on this trend.
Executive Summary
Following fashion trends is a must with some people. Many people do not like to follow fashion trends because fashion trends tend to usually make everyone look identical. That’s why I have created a bedazzling business that will help people stand out from the current fashion trend or from looking like everyone else. Tootsie’s Customized Goods (Tootsie’s Junk for short) is a bedazzling business which I have created. Tootsies Customized Goods consists of customized clothes, shoes, phone cases, purses, earrings, anything a person wants done etc. The items which I call “Goods” are customized to the customer’s likings and needs. Tootsies Junk adds glitz and glamour to a person’s wardrobe and/or accessories. Tootsie’s Junk is only known locally in Baltimore, Maryland. I would like to expand Tootsie’s Junk across different cities and states. I also will like to get a website started and start selling products out of my own store.
Mission Statement
Tootsie’s Customized Goods mission is to provide uniqueness to customers with a style of

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