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Swot Analysis On Bakery

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Target marketing strategy

In Malaysia, modern classic bakery has experienced a rapid growth. People who are searching for the desserts or cakes have increased form year to year. Therefore, this trend may give Friendship Bakery to have an opportunity to achieve the company goals. Friendship Bakery allocates at Gong Badak, Kuala Terengganu. In order to achieve the company objective, we need to do some researches on the marketplace so that we can detect the target market:

Figure 5.1: 3 Segmentation of Target Marketing Strategy.

5.2 Marketing mix

5.2.1 Product/service strategies
Friendships Bakery mastered in making high class pastries and crepe cake. It’s a guarantee achievement since all staff is trained well. The illustration below depicts …show more content…

Friendship Bakery will investigate and assay competitors’ price strategies to acquire the market share in short term. Friendship Bakery creates a new product, crepe cake. After survey, Friendship Bakery will adjust the new products’ price through competitors’ price. Friendship Bakery will set the price with low cost ingredients at the reasonable price level. Friendship Bakery set the price of crepe cake is RM8.50 per slice, M85 per cake. Friendship Bakery prices the products to cover all the cost related with development, sales and support. It also can furnish cash flow for future growth and development. Friendship Bakery will choose suppliers either give more discount for price of ingredients or give the lower price of ingredients to minimize the cost of the …show more content…

When I travel to Europe with some of my friends. I have purchased some special creep cake for my friends and all of them asked me to buy the cake product form them. After we taste the creep cake, the taste is beyond your imagination, it is very delicious and different from other cake that can be found in Malaysia. So I try to get the recipe from the shop that I bought the cake. After I return back from my travelling, I start to bake it at my house and that baked cake i give it as a sample to all my friend, students and neighbours to ask for their opinion on how it tastes. What I got is a very good and positive feedback from them. After that, it clinch my mind that what about I open up my own caked and bakery business. So I start surveying for price of machine, cakes and baked goods, ingredients and all the innovation and information I gathered in order to begin this business. Before the Friendship Bakery is open in Gong Badak. My sister and I start selling homemade cake in front of the university, and the night market. While working on the initial business plan for Friendship Bakery. I held to focus on two groups of targeted market. Firstly is the student in Gong Badak. Secondly, are the locals here in Gong Badak. Each group has between 8 and 10 person. This group focus more on the product taste and preference. So, I have also prepared a list of questions and information then it will be distribute to both two group. I

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