Executive Summary Pensonic company is founded by Dato chew Weng Khak in 1982. The vision of Pensonic company is becoming the successful Asian brand. Pensonic set to deliver product and service in meeting customers satisfaction as their mission. The objective for the company is to become the worldwide well known household appliance brands. Basically, Pensonic target on the niche market. They mainly focus on one product line which is home appliances. The marketing mix is the most fundamental elements that needed to operate a company. Pensonic introduce a green product which is a mini portable fridge need to consider all the factors in term of the quality, safety, design, packaging and so on. After a new green product is …show more content…
Target marketing strategy that use by Pensonic Holding Bhd are Concentrate (niche) marketing. Their selling categories are blender, electric kettle, electric oven and air conditioner and other are most categories in home appliance. So their primary consumer targeted are family is in the middle-upper income professional because they are often use the product that offer by Pensonic. This concentrate marketing strategy can enable them to earn more profit but also suffer greatly if the segment turns sour.
MARKETING MIX
PRODUCT STRATEGY
Basically product is anything that can be offered to a market for attention, acquisition, use or consumption and that might satisfy a want or need. Nowadays there many products with different brand, in order to identify a product in the market it need product identification which consist of branding, packaging, symbol and others. Besides, a product also must solve consumer problem and benefit them. Pensonic had offer many home appliance, in this case we are focuses on doing research for one the Pensonic product which is Pensonic portable mini fridge for the masses because it is an indispensable home appliance for many people.
Product planner need to think about the three levels of the product which are core benefits, actual products and augmented product. The core benefits of Pensonic portable mini fridge are easier
The MediMinder would be classified as a shopping product based on the market research that has been done. Given the importance of reliability for a medication dispenser, Company G’s brand awareness and reputation is very important. Our customers look to us to provide high quality, innovative electronic appliances so our company image will be essential for creating consumer confidence. This product will retail between $25 - $50 so it is important to sell the unit in a convenient retail locations such as pharmacies and cost saving department stores like Walmart. From a consumer standpoint, considerable
When Quiksilver announced the start of its women line Roxy in 1990, they defined the brand as a “fun, bold, athletic, daring and classy” brand for young women. Market segmentation is a crucial marketing strategy and Roxy utilizes the four bases that are commonly used for segmenting consumer markets including geographic, demographic, psychographic, and benefits sought segmentation. The geographic segmentation is ideally unlimited for the Roxy target market because the brand offers clothes for both warm and cold weather, however, it focuses mainly on the “beach lifestyle” and is generally more popular in beach towns. The demographic segmentation of the Roxy brand, is aimed to attract young women between the
Marketing refers to promote a product and or service by means of media like TV, radio, newspaper, and cell phone (Holliman & Rowley, 2014).
This business plan is for Reek’s Bistro, a new medium-sized restaurant located in the Triangle area of North Carolina. The Triangle is made up of three primary cities of the Research Triangle metropolitan region, Raleigh, Durham, and Chapel Hill. Reek’s Bistro will focus on Mediterranean cuisine in an American style restaurant environment. An emphasis will be on natural foods that taste good and are good for you. The restaurant will procure locally grown produce, while offering additional services and products, such as catering and Reek’s Bistro brand items sold in grocery stores.
The purpose of this article is to analyze and explore the characteristics of the marketing plan. Firstly, it will identify the role and nature of marketing plan. Secondly, it will outlines the structure of the marketing plan. Moreover, the paper will determines the each elements in the marketing plan and the linkage between these elements. Additionally, the two misconceptions will be examined. Last, it will conclude the marketing plan is indispensable to the organizations.
The product overview is designed to give an overview of the proposed design with the innovation and solution to meet the given scenario requirements. The section will highlight the demographics for the proposed product while explaining the appeal of the product and why it would attract customers. The section will include an estimated size of the market along with the marketability of the
What is the product offered by the Daytona International Speedway and the Daytona 500? How does the Daytona 500 create and deliver customer satisfaction through the five types of utility?
New Times Providers designed their sales and marketing strategies by analyzing the current market conditions and their own strengths. Through this process, New Times Providers was able to develop their sales and marketing strategy to leverage their competitive advantage with peculiar marketing strategies. This enabled them to establish the company as the leading print service provider for consumers and business. New Times Providers has created momentum by engaging critical brand and mass recognition. The company will monitor the degree of effectiveness of their marketing efforts to establish the return of advertising on commerce and investment generated from different channels. The ongoing sales and marketing strategies by New Times Providers entail expanding and maintaining a wide range of target markets (Nash, 2011). Further, they are creating alliances with services and products firms to deliver quality products. This has enabled the company to invoke themselves thus bringing and implementing total solutions for the benefit of customers. The marketing plan for New Times Providers is based on key fundamentals, which include:
The name of the business will be A1 Accounting Services. The ideal location is Los Angeles, California. The business will be focused on creating customizable accounting solutions for addressing the needs of individual clients and large organizations. This means that there will be a concentration on a number of areas to include: providing tax advice / estate planning, insurance and creating programs that can deal with specific challenges impacting customers. ("How to Start an Accounting Firm," 2012)
Luluemon Athletica Inc. has done well to get into the yoga market and maintain their leading role in the market. However, they have also struggled in a few key areas of their business model. These areas are important to for lululemon athletica inc. to address in order to improve their stand in the market.
In recent times, fast moving consumer goods (FMCG’s) have become under immerse pressure to maintain market share due to various external factors such as continuous innovation of competitors, method of marketing, liaising with supermarkets and the influence of digitalization. Marketing mix has evolved and methodologies on promotion, place, price or location and product development has drastically changed due to the factors mentioned above. For (FMCG) firms to archive superior performance, they world have to ensure that they are constantly reviewing factors that can influence their marketing mix.
In this chapter, we figured out the research framework firstly, and then described how the research design will be done in detail. But the result will be described and analyzed in chapter 4,5,6,7.
Marketing strategic planning is a management tool to help the organization does better work and understand how to compete for the future. It is a guiding process for the members of an organization developing them necessary procedures and operations in the future. Like a decisions strategy for the organization process, as the process of growing and maintaining a strategic fit between target of organization and capability and it’s changing marketing opportunities (Kotler, 2009). It involves defining a clear company mission, setting supporting goals, designing a sound business portfolio, and coordinating functional strategies.
In general terms, marketing is all related to the places of buying and selling of goods and services to satisfy customers’ needs. Nowadays marketing is the most important issues for success of every business marketing is the activity, set of institution, and process for creating, communicating, delivering, and
Product variation is important to create more choices for consumers and to encourage repeat purchase for its regular and loyal customers. It’s unlikely for customers to buy the same product twice specially if its a bag, pouch or wallet related product, they would look for a different design. Product launch is a great strategy to create break the internet and update people on the activities of the brand. Adding an additional product create opportunities to increase sales.