You created a fictional start-up company entering a foreign (non U.S.) market with a good or service. Here you will continue to work on your marketing plan for the good or service the company is offering.
Write a five to six (3-4) page paper in which you:
- Provide a detailed description of your company. The description should include, at a minimum, the product’s name, trademark, color, shape, packaging, labeling, and any characteristics that you deem relevant.
- Describe the company’s target market in terms of its size, competitors, and the specific needs and wants of potential customers that your product or service is likely to satisfy.
- Analyze the pricing strategy relative to the company’s pricing objective, and internal and external factors that could affect the pricing of the company’s goods or services.
- Determine the distribution strategy in terms of your target market, location, and selection of distribution channels.
- Outline the promotional strategy in relation to marketing objectives, advertising program, and public relations activity.
- Use at least two (2) quality references. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, non double spaced, using Times New Roman font (size 12), include citations and references
The specific course learning outcomes associated with this assignment are:
- Understand the key elements of business marketing including product, price, distribution, and promotion.
- Determine the marketing planning process, market segmentation, and the development of the key elements of a marketing strategy.
- Identify the key factors in establishing price.
- Describe logistics and marketing distribution channels.
- Explain the considerations of a promotional mix.
- Explain the key components of consumer and business sales promotion.
- Determine the roles of integrated marketing communications, advertising, and public relations in marketing.
- Use technology and information resources to research issues in marketing.
- Write clearly and concisely about marketing using proper writing mechanics.
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