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

Reasons of channels distribution in economic system, What are the reasons o...

What are the reasons of channels of distribution in economic system? Channels of distribution in any specified economic system emerge due to the following reasons: Effici

Selection of an ads agency by quality and calibre of staff, Q. Selection of...

Q. Selection of an ads agency by Quality and Calibre of Staff? Quality and Calibre of Staff: - Ad-agency has a variety of specialists like models, copy-writers, artists, etc.

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

Marketing information system decision, Marketing information system decisio...

Marketing information system decision: it is the marketing information system the marketing information system necessary to understand why particular information is needed by any

What are tools of product differentiation, What are Tools of Product Differ...

What are Tools of Product Differentiation? Product Classification or Tools of Product Differentiation: As products have many tangible and intangible attributes so products s

Introduction to pricing decision, Introduction to pricing decision: ...

Introduction to pricing decision: Pricing is a very critical decision in the marketing management. The main objective of the firm, that is, to earn a profit very much depend

Operational beheavior.., what would you suggest to avoid delays in despatch...

what would you suggest to avoid delays in despatch of products

Market segmentation and key competitors, Schovasice cream market can be bro...

Schovasice cream market can be broken down into basics of flavor, stock keeping unit, consumer segmentation, gender, ethnicity, income. The largest ice cream consumer group is peop

What are gauging tools comprised in annual plan control, What are gauging t...

What are gauging tools comprised in annual plan control? Annual plan control consists of at least five performance gauging tools as illustrated below in points: a) Sales a

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