Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Market Function Assignment

Market Function Assignment

Q We are going to start with a high-level look at market research and the marketing plan with an established business. In a word document complete the Marketing Function assignment. In this assignment, you will start to look at an established company and how the Marketing Function works for them. Choose a company from the list below, then answer the following questions. Each question is worth 2 points. Choose one of these companies. * Kwik Trip * Olive Garden * Meijer's * Starbucks Answer these questions: 1. Why does the customer matter for this company? 2. What is the product? 3. Whom are they trying to reach? Be specific as possible. (geographic, demographic, psychographic, sociological, behavioral) 4. What needs are they trying to solve? 5. What value does the guest receive? 6. Who are their direct competitors? Who are their in-direct competitors? 7. What sets them apart from others (Unique Selling Point)? 8. Conduct market research for Sheboygan or Manitowoc County: obtain area statistics, area population, how many potential customers might you have? 9. Take a few minutes to research where and how this organization is conducting marketing activities. What marketing tactics and channels is it using? Whom is it reaching? 10. Define the 4 P’s (Product, Price, Place, Promotion) for your chosen establishment.

View Related Questions

Solution Preview

In case of Starbucks, there is importance of the customers because of the target of the organization to obtain, retain and sustain brand-loyal customers. Brand-loyalty will always be beneficial for the organization to ensure that customers showing such loyalty can keep purchasing products of the organization in crisis situations also. Sales volumes can be low but sales will never stop with the presence of brand-loyal customers.