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Kudler Fine Foods

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Kudler Fine Foods Week 3

University of Phoenix

Carlene Szostak (Instructor)

MKT/421

Kudler Fine Foods Week 3

This paper gives a justification of the importance for Kudler Fine Food’s development of its marketing tactics and strategy, and identifies other areas where additional research is needed. An analysis is done to understand the importance of competitive intelligence in regard to the development of Kudler Fine Foods marketing strategy and tactics.

Justifying the Importance of Market Research in the Development of Kudler Fine Foods Marketing Strategy and Tactics

Kudler Fine Foods finds it important to do market research to ensure its organization is providing the best service possible for its consumers. …show more content…

To gain competitive advantage Kudler will need to gain enough information about its competitors to know its competitor’s strengths and weaknesses. By knowing the competitors strengths and weaknesses Kudler can market its products with a differentiated strategy from its competitors (Business Marketing Plan.net, 2011).

With up to date analysis of competitors marketing strategy and tactics Kudler can keep its own marketing strategy and tactics prepared to do whatever is necessary to market better quality and win the satisfaction of consumers over its competitors. Whether it is producing a larger selection of wines, expanding its bakery products, finding new ways to make its meats and seafood tastier than its competitors, or even lowering prices, Kudler can lower its prices to gain market advantage only if it has up to date information about competitor’s prices. Same with its products, Kudler can only differentiate its products if it knows sufficient information about competitor’s products (Business Marketing Plan.net, 2011).

Kudler Fine foods cannot allow competitors with the same products as they have to produce products that are of better quality or at a lower price than they have. “In almost all

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