MKTG116-011 Assignment 1 - W24 (1)

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Centennial College *

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Feb 20, 2024

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Course Code: MKTG 116 Course Name: Principles of Marketing ANSAF MULAKKAKUDY SHAJI 301407575 SUN RYPE PRODUCTS LTD © 2020 CENTENNIALCOLLEGE.CA All rights reserved. 1
[MKTG 116] CENTENNIAL COLLEGE [Principle of Marketing] MKTG116 Assignment #1: Evaluating Market Strategy and the Environment Please answer the following questions : Question 1: Company Background (approximately ½ page) – 5 Marks a. Provide the name of your company and a short outline of their business. Information that you could include here is: What the company does, their mission/vision, notable new products they have created, your thoughts on what they do well and not so well. You can find this by researching the company’s website and annual reports or general news articles. ANSWER: The company I have selected is Sun Rype Foods and we make wholesome products from Okanagan fruit. We started our business in 1946 and continue. In the 1940s the name of the company was BC Fruit Processing Ltd. The foundation of the company was laid by two main aspects. one is the quality of the product they are producing and the second one is the efficient working of workers engaged in different sections of the company. Today, we’re still committed to making great things out of fruit, veggies, and other simple ingredients. We have run our business successfully for over 78 years in manufacturing marketing for a wide range of juice and snack products. After our first product was introduced in the market we were popular all over western Canada and led to a change in name from BC Fruit Processing Ltd to Sun Rype Products Ltd. We are a Canadian brand based in Kelowna, British Columbia and we are also donating to different charitable trusts all over Canada. We have a total of 38 types of beverages and 40 types of snacks. Our all products are packed in eco-friendly covers, and we use only paper straws in our juice packages. Most of our products are made from real fruits and our famous pure apple juice which does not contain any concentration or sugar. In my thoughts, sun Rype Foods have great sales in Canada and they are generating good income throughout the year. One of our newly created variety products is sun Rype Fruit to Go which consists of 8 blue raspberry and 7 pink lemonades. © 2020 CENTENNIALCOLLEGE.CA All rights reserved. 2
[MKTG 116] CENTENNIAL COLLEGE [Principle of Marketing] Question 2: Competitive Environment (approximately ½ page) – 5 Marks a. List at least 2 companies that you believe are the primary competitors to your selected company. For each competitor, using the information described in the text in section 2-2 Forces of Competition, explain if the competitor is Direct, Substitute, New Entrant, Supplier or a Buyer. ANSWER: b. How do you believe your company differentiates itself from its competitors? For example, consider such questions as: What do you think makes your company special? Why do consumers choose to buy their products over competitors’ products? What ‘problems’ are they solving for customers better than how other companies can solve them? How do they convince consumers that they are the right choice over the competitors? Question 3: Strengths, Weaknesses, Opportunities, Threats 1. Complete a SWOT analysis for your company using a chart such as the one below. Please come up with at least 3 thoughts for each of the “S” “W” “O” and “T” (i.e., 3 Strengths, 3 Weaknesses, etc.) – 10 Marks Internal Strengths Weaknesses Insert your strengths here Insert your weaknesses here External Opportunities Threats Insert your opportunities here Insert your threats here Report Formatting Requirements ( 5 Marks ): Your report must include a cover page with your name, student number and the name of the company you have selected. Your report must be in a Microsoft Word document . No other formats will be accepted . Your report should be organized in sections based on the question number and headings provided above. Each answer should first repeat the question, question number and heading so it is clear as to which question is being answered. Then answer the question below. You must use 12-point font, single spaced. You must number the pages. You will be marked for spelling and grammar so ensure you proofread your report and spell check. APA format in-text citations and a bibliography are required. Review guidelines for APA formatting provided by professor and ask for clarification prior to submission if required. © 2020 CENTENNIALCOLLEGE.CA All rights reserved. 3
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