Analyze the marketing environment

Assignment Help Marketing Management
Reference no: EM133162835

You are the marketing manager responsible for launching an innovative new product called V Fusion + Energy. See this link for more information.

You have a challenge to overcome in the marketplace. Nearly 2 in 3 people wish they had more energy, but 40% of consumers do not believe energy drinks are healthy for them. Your Vice President of Beverage Marketing believes this is an opportunity in the marketplace.

Your Vice President of Beverage Marketing has asked you to prepare a marketing plan to launch this new brand in the U.S. market. She has asked you to conduct research on the following:

Analyze the marketing environment, including the macroenvironmental factors. Outline what environmental factors you should be aware of and how you will adjust accordingly.

Perform a competitive analysis. Who are the firm's competitors and what is their positioning strategy for similar products? What are their marketing tactics?

Using the segmentation, targeting, and positioning process outlined in your textbook select your target market. Also, develop your positioning strategy.

Using the market research process outlined in your textbook, develop a research study to help you determine the pricing strategy for the product. What research method would you use and why?

Reference no: EM133162835

Questions Cloud

Targets and forecasting : This is part two of your marketing plan, this part will focus on the target market, market trends as well as how you will position your product for the market.
Difference between cash and accrual basis of accounting : What is the difference between the cash basis and accrual basis of accounting? Why is the accrual basis of accounting generally preferred over the cash basis
Define the term challenging behaviour : Summarise current legislation and policy guidance relating to positive behavioural support
Understanding of the data communication technologies : Identify and provide details of all data communication technologies used by your home network. Your will demonstrate your understanding
Analyze the marketing environment : Analyze the marketing environment, including the macroenvironmental factors. Perform a competitive analysis.
Calculate the production cost per unit : Fixed costs: £ Production overhead 1,452,000. Selling & distribution 360,000. Administration overhead 342,000. Calculate the production cost per unit
Escalation of commitment and abilene paradox : Write down the difference between Escalation of commitment and Abilene paradox. On the basis of Abilene Paradox write down one experience of your life that high
Prepare a statement of activities for the watson foundation : Computed depreciation of $40,000, 60 percent for health care, 30 percent for administrative, and 10 percent for fundraising. Prepare a statement of activities
Complete the first three rows of an amortization schedule : Assuming the market interest rate on the issue date is 8%, the bonds will issue at $382,141. Complete the first three rows of an amortization schedule

Reviews

Write a Review

Marketing Management Questions & Answers

  What are the marketing goals and objectives

The purpose is to find a minimum of three new product development opportunities for patented solar fabric. Competitive advantage strategy, strategic focus.

  Creating an effective marketing mix

Consider the need for a marketing mix in a marketing strategy. What would be the danger in too little or too much of a focus on one of the P's?

  Company-prudential financial

Facebook, Twitter, and other Social Media have changed the way organizations reach their intended audiences. However the need for sound marketing strategies.

  How do market researchers utilize scales to establish

how do market researchers utilize scales to establish quantifiable measures of subjective and abstract concepts?

  Innovative new product proposal

Innovative New Product Proposal

  Formulate a linear programming model

Formulate a linear programming model to determine the amount of and type of participants that minimizes total cost.

  Identify the different segments of the automobile market

Determine if it is possible for a company to attract customers from one market segment into another market segment and still earn a profit. Explain why.

  Why is the concept of the business model important in what

answer the following discussion questions in at least one paragraph.1why is the concept of the business model

  Explain about general business

Explain about General Business and How can a global firm use transfer pricing to increase its after-tax income

  Explain your promotional strategy

Explain your Promotional strategy: advertisements, offers, promotions, sales, coupons etc. make sure to cover channels, messages, budgets, etc

  Built on more than rock and roll

Built on More Than Rock and Roll

  Part bquestion 1case study holiday innholiday inn claims to

part bquestion 1case study holiday innholiday inn claims to be the worlds most global hotel company and has created

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd