Aim
We have been given two products to sell, "Product 1" and "Product 2". Product 1 is a product that is already present in the market for a while and Product 2 is new to the market place.
The market region is Mavlandia. This region is divided into 3 parts, but our operation is restricted to two regions only. Region 1 is a larger area with more number of people, and 40% of the people are relatively affluent and is open to new idea where as Region 2 is a smaller area with comparatively less number of people. In this region 20% of the population is relatively affluent and is open to new ideas.
Below is the map of Mavalandia:
Our aim is this project is to sell our two products of the company in these two regions and extract maximum
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So we spent more money in social media and search engine for product two, rather than product one, which was already known to people. Again, this pricing was done very carefully, we absolutely did not want to spend more here as it would adversely affect our total profit.
Sales representatives and commissions:
We wanted more people for region 1 than we would or region 2. This decision was due to the size of the regions.
Commission was set at 2.90% for product 1, in both the regions.
Commission was set at 4.50% for product 1 in both the regions.
We gave more commission for the sales representatives to sell product 2 because this was a new product and it was very important to promote it wisely, so if the representatives see a higher profit for them, they would be motivated to sell more products.
Now,
For product 1 in region 1 we had 5 people.
We decided to do this because we wanted a big sales force for product 1, as we were hoping to sell a huge volume here and plus it was a product that was already in the market, and since we added new features we needed sales representatives to spread the word effectively.
For product 1 in region 2 we had 4 people.
We decided to do this because we wanted a big sales force for product 1, as we were hoping to sell a huge volume here and plus it was a product that was already in the market, and since we added new features we needed sales representatives to spread the word effectively. Since this region
This will help to ensure how successful they will be and give them a market plan when it comes to what type of products and services they will offer at each new location. Researching customers in all the projected new locations will give them an idea of what they will have in each store according to the areas shoppers like and dislike and how willing they are to try something new.
* Opportunities also exist in the Asia Pacific region for online sales. Company has to keep an eye on the future opportunities and possible consumers. The region could be their next step ahead to become a continental corporation.
* Increase in sales and decrease in promotional costs for the introduction of the new product
In choosing your initial geographic market, you should focus your attention on which of the following?
Since the timings for producing both the products are different, there must be a difference in cost involved which resulted in the difference in price of the two timings.
* Opportunities also exist in the Asia Pacific region for online sales. Company has to keep an eye on the future opportunities and possible consumers. The region could be their next step ahead to become a continental corporation.
The company sells its products through two separate channels of distribution. Each is treated as a
6. You have been asked to develop a product for sale throughout the ASEAN region. What are the criteria you would apply in the
The company sells its products through two separate channels of distribution. Each is treated as a
This alternative does not need traders to intervene in sales representatives’ jobs but the company has to make sure that both departments are able to identify prospective customers and make existing customers still trust in the company’s performance.
There is a new commission based on the product gross margin , but neither commission will be paid until gross exceeded 70% at the early stages of the measuring year because the people will not be optimistic in achieving the 70% cap (de-motivating factor).
This paper will describe the details of a fictitious company and provided its background and will develop a marketing plan with a focus on segmenting and positioning its product and service. Thirdly, this paper will determine and decide upon at least one (1) foreign market for the product and service.; identify the marketing segment for the product and provide a rationale for this segment and discuss the target market and provide a rationale for this target market. Also, it will perform a SWOT analysis (strengths, weakness, opportunities, and threats) for the
After sifting through the leads and finding the right ones to investigate management must formulate an international marketing plan. This further helps management in locating potential markets for their products. The first step is to use secondary research to find out what the sales potential is in a given market. Asking the questions of need, demand, and support gives one a starting point for research. If we were a company that sold pants we might want to ask the following questions. Is there a need for pants? Is it cold enough there to wear pants? Do people that demand the pants have money? These are the questions that one should ask of potential markets. Table 1-located at the end of the paper-shows the statistics that are needed for a general market picture. After gathering the information from the secondary research, the picture of a potential market becomes more evident. However, to make the picture clearer, one must conduct primary research. This research outlines the specifics of the potential market that directly pertain to the product. Robert Douglas' book, Penetrating the International Market, addresses the issue of locating potential markets in greater detail.2
The company has to decide between the two locations based on their virtues, availability and higher margin of profit.
Better Way should create a new division solely for international expansion. This way company can allocate proper