SNHU pet store is proud to launch a new pet food to their stores called “Only Natural Pet Food.” With this launch the company marketing team will conduct market research, the team members will examine the best area to start the new product. The research will include investigating demographic, geographic, and psychographic elements of the target market. By focusing on finding the most successful niche for its new, all natural pet food, in turn, will help increase market shares. Applying the research done for this new line a pet food best utilization of our resources would focus on particular target market. Using Nielsen (PRIZM) (Nielsen, 2016) Premier Segmentation System the target audience would be up-and-comers. This target audience consists
The product will be sold at the store in Little Rock, Arkansas, focusing on the zip code 72212. Considering the small size of my city, the geographic segment will focus on those individuals that live in the suburban neighborhoods in the area. Most of the people in this area are millionaires in their mid-50s without children so they treat their pets like they would their children because they consider them an extension of their family. Since these individuals love their pets much like they would their family members they will spend a great deal of money on them to ensure they have the proper care and treatment. This will hold especially true when it comes to their pet food. From my personal experiences, wealthy individuals have a tendency to purchase the most expensive items on the shelves for the simple fact they think it is better than all the rest. Needless to say, they will not have an issue paying expensive prices for an all-natural pet
5.Can turn the obstacle of lack of appeal of frozen dog food into an asset in advertising
Variant is an action-filled, suspenseful and shocking novel written by the American novelist, Robison Wells. The book is about a foster child named Benson Fisher, who applies to Maxfield Academy in hopes to live a normal life. Unfortunately, Maxfield turns out to be far from normal. He, along with the other seventy students are trapped in a school, with no teachers, adults, or any sort of authority. The students run the school, with the help of “Iceman” who was only ever seen and heard on a television screen, he gave out the punishments.
We recommend that Breeder’s Own Pet Food, Inc use the marketing mix otherwise known as the 4-P’s as their strategy to enter into this market. Their product contains 85% federally inspected beef by-products, beef, liver, and chicken as well as 15% of the highest-quality fortified cereal. There are no additives or preservatives in their ingredients. Their high-quality, premium ingredients set them apart from their competition. The food is frozen to prevent spoilage of the fresh uncooked meat. The fact that it is frozen makes it lasts longer than other competition food such as dry dog food. Packaging will be in a one-pound stand-up pouch with 12 pounds per case. We believe their price should be
After hearing Marketing Momentum Unimited’s proposal, Breeder’s Own Pet Foods was presented with the problem of: Should Breeder’s Own Pet Foods go with the advertisings firm’s proposal, if so, which one?
Breeder’s Own Pet Foods, Inc. proposes to adopt a market penetration strategy due to having identified a growth opportunity in the dog food market, for its nutritionally balanced, high quality dog food brand, Breeder’s Mix. This premium product has been sold traditionally, to the show dog kennel market, but company executives are now convinced it can be repackaged and offered as a frozen premium product, to picky pet owners via general retail distribution channels. Since the product is considered premium, it should fetch premium prices because of its ingredients and its claimed benefits to
The over-arching problem that Breeder’s Own Pet Foods has is which marketing-strategy would best serve as a vehicle for entry into the dog food retail business. Additionally, it has to select the most prominent geographic location (s) for distribution of its product. Another root problem component is how to get the supermarkets to stock and distribute this dog food since it is in the frozen category and may not appeal to traditional dog food buyers because they don’t readily associate dog food with frozen goods.
Positioned to be perceived by buyer as the only dog food that they would want to purchase for a dog that is considered part of the family
|Weaknesses: • Lack of availability in all stores • Lack of appeal to consumers due to thawing time / freezer space (convenience) • Lack of appeal to supermarkets due freezer location • Lack of brand equity in retail market • Premium price | Threats: • Store Location - Consumer must be educated to find product in different area of store • Saturated market – sales top 14 million in 2011. Dog food is also heavily advertised, so the challenge is to entice the consumer to buy Breeder’s Mix. • Competition - 5 major brand name dog food companies dominate market with 75% of US dog food sales • Challenge to get supermarkets to give up valuable freezer space for dog food |Evaluation of AlternativesBreeder’s Own Pet Foods product development strategy should be evaluated. Currently only 1 out of 10 dog owners regularly buy frozen or refrigerated dog food and ¾ of those surveyed expressed no interest in purchasing frozen dog food (Kerin and Peterson, 2013). This indicates that there is a limited market for dog owners who would be interested in a product such as Breeder’s Mix. Research does suggest however that frozen dog food dollar volume is increasing annually indicating there is a strong opportunity for Breeder’s Own to be the first to tap into the frozen dog food market in the Boston area. Breeder’s Own Dog Foods needs a strong marketing campaign to convince consumers their brand is superior to
After careful review of each of the elements in launching this product, the following analysis can be determined. Zenith has to answer a specific series of questions in order to decide if their product of Show Circuit dog food will be a viable product. The market was in fact correctly segmented, although Zenith needs to see the shopping behavior of those willing to spend more on pet food. Marketing in a supermarket could inhibit the potential growth of the product. Because the market is already segmented and offered such a variety of dog foods, Zenith will have to market the product correctly and focus in on the benefits to be successful. Show Circuit needs to seek a position of a higher quality product in a different, more convenient location. It is important to play up how the location is a benefit rather than a detriment. This goes along with the sales program being successful. Show
Caninantics’s mission is to be the leader in introducing innovative, dog food dispensing product to the market. Through close customer contact and excellent relationships, Caninantics, will meet the needs of the customers. Caninantics, LLC, is a privately-held corporation and maintains an office and a small warehouse in a mixed-use area of North Beach. Three of the four investors in the company have full operational responsibility, the co-founders, have both entrepreneurial and industry experience to brings operational management, marketing, and financial skills
Transition your existing pet food product lines to capture market share and dominant market presence in the growing organic and natural pet food market. The primary business objective is to develop new markets in a stalling and business with decreasing profit margins by appealing to the products that appeal to the health and safety of pets and their owners. Our objective is to use your business’ existing strengths to emerge as the premier organic pet food brand and build a foundation for continued growth.
Many Americans celebrate a wide variety of holidays that memorializes an event that changed history or feelings of love, gratitude and prosperity. However, on Halloween many dress in haunting costumes, go door to door for an overload of candy, carve silly and scary pictures into pumpkins, and watch horror films to celebrate, with out a clear reason to why. There is no love or gratitude linked to this holiday, only an eerie evil and mischief. All of our most illogical fears come to life in haunted houses, movies, books and cemetery walks. Not only on October 31, we prepare and celebrate the entire month, but it is not common knowledge as to why we do this all.
As a start-up company, Caninantics will largely benefit from conducting marketing research that will support its marketing strategy. The pet food industry has experienced tremendous growth and profitability in the recent past because of Americans constant love for animals and dogs. It is a competitive market that is characterized by numerous attempts by brands to differentiate themselves from other competitors. For individuals who own cats and dogs, the industry or market generates a staple product. Dog owners tend to prefer cheaper dry pet food because wet pet food is relatively expensive.
The „Three Mine Policy‟ became effective after the Labor Party was voted into power in 1983. In the same month as taking office the new Federal Labour Government revoked the negotiating licences of the uranium companies in Australia. The Ranger and Narbarlek mines were relicensed after reapplication and in November of 1983