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HartleyC M2 A2 Essay example

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MARKETING RESEARCH AND TARGET MARKETING (Module 2)
Name: Christina Hartley
College: Argosy University
Course: Principles of Marketing | MKT230 A01
Professor: Toi Walker
Date: September 03, 2014

Executive Summary
This marketing plan has been designed after a keen analysis of the market and examinations of the marketing research so as to develop products, which satisfy the market needs. The mission of the company is inspiring others through the brands offered. Secondly, the company has an objective of making a difference in the market through the creation of value centered products. The product being marketed is the Waters Bottling Company’s soft drinks.
Section 2 – Market Research & Targeting (Module 2)
1. Market Research: …show more content…

The answer was yes, as talked about above because of wellbeing concerns of our target assemble there was a requirement for our item, in spite of the fact that, there were different brands in the market offering the same item, we thought of imaginative approaches to have the capacity to enter the market that will be examined beneath.
Waters Bottling Company produces different kinds of products depending of the market segments. The company has subdivided the global market share into different segments and produced products depending on the needs of the people. Every product is strategically positioned with an aim of satisfying consumer needs. The company has developed new products, which are healthy for consumption as they contain nutrients needed for daily needs of the body. Although the product is ergonomically designed, it is cheaper for any consumer to afford (Pinson, 2008).
B2C vs. B2B
The Pricing Strategy: In order to acquire the market share in any segment, the company uses penetration pricing strategy aimed at increasing the number of consumers in an area. Apart from increasing the sales of the company, this strategy helps in increasing demand for the produce hence a positive result in productivity. In addition, the company uses promotional pricing strategy aimed at increasing the market share at the expense of the competitors (Ferrell & Hartline, 2011).
Factors

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