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

What is consumes behaviour, What is consumes behaviour? Consumes Behav...

What is consumes behaviour? Consumes Behaviour: The most significant issue for the marketers is to classify the requirements of the consumers since customer and consumer m

Brand promotion, What do you think that thisbrand promotion technique can b...

What do you think that thisbrand promotion technique can benefits an organisation by incresing sale

Distinguish between recipe costing and menu costing, Question 1: (i) E...

Question 1: (i) Explain why the control system is an important aspect of the food and Beverage management of a hotel. (ii) Discuss the necessity and importance of docum

Explain the different objectives of the advertising, Q. Explain the differe...

Q. Explain the different Objectives of the advertising? Answer: Introduction of Objectives is those end points towards which every activity of an organisation is oriented. Wit

Discuss the significance of a customer retention strategy, Question 1: ...

Question 1: "Relationship Marketing is a new marketing paradigm which challenges the straight-jacket marketing mix approach." Evaluate this statement and illustrate with examp

What are the consumer advertisements, What are the Consumer Advertisements?...

What are the Consumer Advertisements? Consumer Advertisement: • Consumer durable • Consumer services • TV, Radio, Newspapers, Magazines etc.

Mesh router, However, the survivability requirement (C7) may not be met eve...

However, the survivability requirement (C7) may not be met even though all the traffic demands are satisfied. A mesh router that does not meet (C7) has to perform the augmentation

Distinct stages in product life cycle, Q.  Described the distinct stages in...

Q.  Described the distinct stages in PLC? Ans.:  A product passes throughout distinct stages during its life and it is called product life cycle. The PLC is usually presented a

Advertising and marketing in rural areas, Question 1: Discuss why new m...

Question 1: Discuss why new media will have to be created and conventional ones used differently to communicate with the rural consumer. Detailed explanation on ‘Advertis

Investment portfolio advice and management, You are a manager in the invest...

You are a manager in the investment industry, whose role is to provide investment portfolio advice and managementto a client, who is your investorprincipal. You should identify t

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