
Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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Question
The business type that was given to Lee, was a bakery. She would sell items at her bakery in her area. Need help to answer parts 4 through 6.
![Scenario: Lee is the owner of Lee's [business type selected by your instructor], which is located in the city
closest to where you live. Lee has now hired you to design the basic components of a marketing strategy for
her business.
Instructions: Summarize a marketing strategy for Lee's addressing each part. You can view Parts 1-3
you completed in Unit 1 concerning the mission, situation analysis, and marketing objectives. This week you
will complete Parts 4-6 below to submit your final assignment to the Unit 2 Dropbox.
Checklist:
Part 4: Marketing Strategy
⚫ Describe the target market strategy for Lee's business. Paint a very clear picture of who Lee will be
targeting for her product. For example: Appealing to an entire market, concentrating on one particular
segment, or multiple market segments.
• Explain the four strategies for growth: market penetration, market development, product development,
and diversification. How can Lee use market penetration to increase her sales? Explain.
⚫ Briefly describe your marketing mix strategy: product (size, colors, packaging, use, etc.), place or
distribution method, pricing, and promotion.
Part 5: Implementation
⚫ Using the concepts from the text, explain how you will turn your plan into a reality. For example: Detailed
job assignments and activity descriptions.
Part 6: Evaluation
⚫ Using the concepts from the text, describe how you will evaluate your marketing strategy.
Access the Assignment grading rubric located in the Course Resources area.](https://content.bartleby.com/qna-images/question/3c40ac88-2f52-4513-b07d-282471f8d832/8263d5e5-12e2-4333-a9e4-ca89ff1b82fd/skipxef_thumbnail.png)
Transcribed Image Text:Scenario: Lee is the owner of Lee's [business type selected by your instructor], which is located in the city
closest to where you live. Lee has now hired you to design the basic components of a marketing strategy for
her business.
Instructions: Summarize a marketing strategy for Lee's addressing each part. You can view Parts 1-3
you completed in Unit 1 concerning the mission, situation analysis, and marketing objectives. This week you
will complete Parts 4-6 below to submit your final assignment to the Unit 2 Dropbox.
Checklist:
Part 4: Marketing Strategy
⚫ Describe the target market strategy for Lee's business. Paint a very clear picture of who Lee will be
targeting for her product. For example: Appealing to an entire market, concentrating on one particular
segment, or multiple market segments.
• Explain the four strategies for growth: market penetration, market development, product development,
and diversification. How can Lee use market penetration to increase her sales? Explain.
⚫ Briefly describe your marketing mix strategy: product (size, colors, packaging, use, etc.), place or
distribution method, pricing, and promotion.
Part 5: Implementation
⚫ Using the concepts from the text, explain how you will turn your plan into a reality. For example: Detailed
job assignments and activity descriptions.
Part 6: Evaluation
⚫ Using the concepts from the text, describe how you will evaluate your marketing strategy.
Access the Assignment grading rubric located in the Course Resources area.
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