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Marketing Plan For A Marketing Strategy

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Marketing Plan Organisations decides what to do with their business units and write them down in a marketing plan which will involves choosing a marketing strategy that will aid in the realisation of an organisation’s objectives(Kotler and Armstrong,2008). Pricing The process of setting an amount for which customers will pay for the goods or services of an organisation is called pricing (Czinkota and Ronkainen, 2009). With the recovery of the UK and global economy, more and more people have gotten back into work and there has been an increase in disposable income with the need to have some time off for relaxation. The park will implement a price discriminatory strategy by pricing customers according to their age, occupation, gender and number (if in a group). The breakdown of the average prices is shown below. Figure 8: Table of Individual Consumer Prices Figure 9: Table of Group Consumer Prices Also, entry tickets will vary depending on the season and the time of the year with prices being slightly higher in summer compared to other seasons, in holiday periods compared to school periods, on weekends compared to within the week and on ceremonial days compared normal days. Prices will also be affected by other factors like weather in the short term and inflation in the long term. Figure 10: Relationship between time of the year, increase in price and increase in entry to the park The marketing director will propose prices which will fluctuate with the aim of

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