Target market, Marketing Management

Assignment Help:

The first five years of operation target marketare people aged between (2- 67) years old.

The demographic age of KualaLumpur population shows that:

0-14years: 29.6%(male4,374,495/female4,132,009) 
15-64years: 65.4%(male9,539,972/female9,253,574) 

65 years and over: 5% (male 672,581/female 755,976). Anon, (2011).

SWOT Analysis of the company's products.

 

Strengths

Weaknesses

Natural Flavor: Schovas has a wide range of offering 20 fruits flavors and its particular spicy twist that will drive the ice cream market. It slogan feel winter in summer with Schovas will catch the attention of customers.

 

Natural milk: Schovas will offer first quality fresh milk, real fruits flavors, low fat, low calories and dietary fiber providing the customers with endless choice from Schovas healthy and affordable ice cream.

 

Accessibility to the shop: One of the company's major strengths will be, growing branches and network in the city. Schovas provides services for different age group for instance yuppie ice cream for children. The catchy brand name stand for Schovas its availability awareness will be a great strength for the company.

 

Lack of fund: Schovas ice cream will start it operation in central market before planning to opening up other branches after 5 years operation. Due to the financial limit the company will not be able to make expensive advertisement such as billboard. And also lack of loan accessibility to the bank as a new company can as well be a weaknesses to the company.

 

Workers Challenges: employment of workers from different race and background can pose challenges to the company due to ethics and religions.

Opportunities

Threats

Current drive in ice cream industry:the ice cream market might expand in the future which could be a great opportunity for the company. The weather in Malaysia is also favorable and increases the impulse purchase of ice cream.

 

Source of Material: The proximity of India will be a great advantage because India doesn't consume beef which will reflect to the cost of the milk to be less expensive compare to Brazil.

Competitors: Due to the increase number of ice cream parlor in the city, customers can shift to other high quality affordable ice cream products from Italy, Greece, etc. many competitors in the ice cream industry poses threat to the company such as magnum brand leading in many countries around the world as well as Haagen-Dazs and other brands. Besides the fact of the strong existence of these ice cream suppliers the local suppliers are also a threat for the company

 

Mentality towards a new product: people's perception towards a new product is not all the time a good response for the business; some might take time before becoming advocate to the product base on the taste satisfaction and thepopularity of the brand.

 

Disease: the mad cow disease is a threat for the company because if the disease goes rampant the ice cream market will drop tremendously.

 

 


Related Discussions:- Target market

Discuss the formulation of sales strategy, Problem 1: Discuss the formu...

Problem 1: Discuss the formulation of Sales strategy in brief. Definition of sales Strategy Formulation of Sales Strategy Transportation Problem 2: Compa

Marketing function of the physical supply, Function of the physical supply:...

Function of the physical supply: The second group of the marketing process is the physical supply. These are the functions that are related with creation of place and time u

Role of advertising agencies in distribution channels, What is the role of ...

What is the role of advertising agencies in distribution channels? Advertising agencies: Such facilitating agencies help within facilitating negotiation, through creating

Objectives of measuring advertising, Objectives of measuring advertising: ...

Objectives of measuring advertising: some advertisers do not bother to measure advertising effectiveness. They expect that the sales will ultimately increases by the reason of adv

Global market place, Global Market Place Rapidly the world is shrinkin...

Global Market Place Rapidly the world is shrinking with the advent of quicker communication, financial flows, and transportation. In the twenty-first century, firms may no lon

Product, A good or service an organization makes in quantity to sell on the...

A good or service an organization makes in quantity to sell on the open market is a product.

Challanges of e - marketing, The challange of E - Marketing 1.       Li...

The challange of E - Marketing 1.       Limited consumer exposure and buying 2.       Skewed user 3.       Choose and clutter 4.       Security 5.       Ethical con

What is the role of structural ties by retaining customers, What is the rol...

What is the role of structural ties by retaining customers of a firm? Structural Ties: With the intention of attract new customers and retain old one time, companies ind

Promotion mix, Developing a promotion mix is contingent on many factors, in...

Developing a promotion mix is contingent on many factors, including the type of product and the product''s attributes. Which of the four promotional methods-advertising, personal s

Define the most important cost concepts, Problem 1: (a) Define the fou...

Problem 1: (a) Define the four most important cost concepts. (b) Describe clearly the statement, ‘Buyer and seller may have different perspectives on what price means'.

Write Your Message!

Captcha
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