Showing posts with label MKTG310. Show all posts
Showing posts with label MKTG310. Show all posts

MKTG310 Week 7 New Product Paper

Student Name

Date

Class

New Product Paper

 

Set a price for a new to the world consumer (this means a product that is not on the market) product. Identify a new product you think could be successful on the market and set an introductory price for it.  Use the following questions to structure your written analysis.

Overall writing analysis
Make sure you properly use a thesis statements, paragraph, and sentence structure. Proper utilization of grammar, including punctuation, spelling, subject, and verb usage will be analyzed. To earn all points the paper should be error free.

Questions to address

a.                   What is the product name?  Describe the product.

                                Include your information here.

 

b.                  Identify and explain which market segmentation variable you are using

                                Include your information here.

 

c.                   Why did you choose this method of customer segmentation?  Be specific.

                                Include your information here.

 

d.                  Who is the target market?  Be specific.

Use demographics, psychographics (lifestyle), etc. to identify your customer. It is important to identify the characteristics of your target market--whatever is appropriate. Most marketers are able to specifically describe their target customer. For example, a 35-45 year old white collar male who lives in the suburbs with a wife and 1 child and makes $85,000 per year.  When reading the explanation of the target market, one should be able to draw a picture in their mind of your customer.

Include your information here.  Please note the necessity for detail and specificity. The instructor should have be able to have a picture of the consumer if the right information is included.

 

e.                  What are your product's benefits to the target market?

                                Include your information here.

 

f.                    At what price will your product be introduced?  Why?

                                Include your information here.

 

g.                   What new product pricing strategy are you using?  Why?

                                Include your information here.

 

h.                  What objectives will be accomplished by using this strategy?  Be specific.

                                Include your information here.

 

i.                     Why is the product worth this price?

                                Include your information here.

 

j.                    Identify and explain what happens to each of the 4 Ps decisions you make for your product, at each stage of the PLC? 16 pts.

Use the structure below for each of the PLC stages.

1)       Name of PLC Stage

a)      Product decisions for  your product

b)      Price decisions for  your product

c)       Place decisions for  your product

d)      Promotion decisions for  your product


  

 

MKTG310 Discussion 2

Chapter 5 Question 4: 
Which market entry has the least risk? Why? Provide and explain in detail a marketer who uses this strategy.

PLUS 3 responses to others posts.

  
 

MKTG310 Discussion 1 Ch 2 Q 1

Chap 2 Q 1: Explain in detail the market penetration strategy. Describe in detail one company that practices this strategy.

Plus 2 responses to other's posts.

 

 

MKTG310 Dropboz 1 - Minority Research Paper

The Dropbox 1 Research Paper that is assigned at the beginning of Week 4, is not due until the end of Week 5, as per the Course Syllabus.  As per the Assignment Expectations for the Research Paper, found under Start Here in the Content Area of the Course (which I have pasted below) students are to use the Template provided for formatting this assignment and Part 1 of your paper is to be in outline form. Part 2 will be narrative (paragraph.) The paper is due Sunday of Week 5 to the appropriate folder in the Dropbox area.

Note: The dropbox folder for this paper will not appear until after you have reviewed the Plagiarism tutorial and earned 90% or above on the quiz.  The tutorial is located in the Content Section and the quiz in the Quiz Section of the class.


Research Paper

Overview

The Internet provides a wonderful opportunity for doing marketing research and learning about various consumer markets.  In this research paper, you will be preparing a report on the size, location, purchasing power, and market potential for the three largest minority target markets in the country—Hispanic Americans, African Americans, and Asian Americans.

Paper requirements

Your paper is worth 100 points, see the breakdown of the points below. Part 1 of your paper is to be in outline form. Part 2 will be narrative (paragraph.) The paper is due Sunday of Week 5 to the appropriate folder in the Dropbox area.

Note: Dropbox 1 will not appear until after both the Plagiarism tutorial and quiz have been taken. The tutorial is located in the Content area and the quiz is in the Quizzes area.

Not all information on each market will come from just one source. I recommend you use the resources available through the Stafford Library. This gives you access to a wide variety of accurate online sources for your research. In addition, you will need to access more than one website for each market. All of the information below needs to be included in each report. Be sure to cite all information that is not common knowledge and provide a bibliography at the end of the paper. You may use APA or MLA. Your citations must include a direct URL to where you found the information. For example: http://www.census.gov/newsroom/facts-for-features/2016/cb16-ff01.html, not http://www.census.gov.

Your paper must include the following in either the upper left- or right-hand corner of the first page of your paper:

  • Your name
  • MKTG 310
  • Date of the Paper
  • Paper Title

Additional Guidelines

If your paper does not include the above information in the requested format, you will automatically lose 10% of the points for the assignment.

Work submitted for this class must not have been previously submitted by you or another individual for any course. Any student who submits previously used work will be reported to Columbia College Student Life and Academic Affairs administrators and a 0 will be given for the assignment.

Outline and Grade Allocation

Use the outline below as a template for the assignment.  Download Research Paper Word template .

  1. Introduction
  2. Part 1: Three Target Market Summaries (Total 66 pts.) 
    Each answer below must include a citation using the direct URL where the information was found.
    1. Total numbers in the U.S.
    2. Percent of the total U. S. population
    3. Rate of growth
    4. Average  household size
    5. Average age
    6. % with college degrees
    7. Average or median  income levels
    8. Geographic location(s) – metro, states, etc.
    9. Brands that have higher than average purchase for each group
    10. Identify specific products which have above average usage for each group
    11. Best media to use to target each group
  3. Part 2: Business Potential Summaries (Total 18 pts.)
    For each target market group, write a minimum of two, but no more than four paragraphs, evaluating and summarizing the overall business potential in the United States. This is not to be an "industry" specific or "marketer" specific analysis.  The purpose is to evaluate for the entire United States.
  4. Bibliography and Citations (Total 4 pts.)
    • Bibliography: Criteria include credibility, date of resources, and bibliography format
    • Appropriate use of Citations

Overall Grading: Writing analysis (Total 12 pts.)

  • Proper use of thesis statements, paragraph, and sentence structure  
  • Proper utilization of grammar, including punctuation, spelling, subject, and verb usage will be analyzed.
  • In order to earn all 12 pts. the paper must be error free.

 

Research Paper Template

Student Name

Date

Class

Minority Research Paper

Introduction

(Your comments)

Part I

 

AFRICAN AMERICAN

Total numbers in the U.S.

                Information (source)

Percent of the total U. S. population

                Information (source)

Rate of growth

                Information (source)

Average household size

                Information (source)

Average age

                Information (source)

% with college degrees

                Information (source)

Average or median income levels

                Information (source)

Geographic location(s) – metro, states, etc.

                Information (source)

Brands that have higher than average purchase for each group       

                Information (source)

Identify specific products which have above average usage for each group   

                Information (source)

Best media to use to target each group     

                Information (source)

ASIAN AMERICAN

Total numbers in the U.S.

                Information (source)

Percent of the total U. S. population

                Information (source)

Rate of growth

                Information (source)

Average household size

                Information (source)

Average age

                Information (source)

% with college degrees

                Information (source)

Average or median income levels

                Information (source)

Geographic location(s) – metro, states, etc.

                Information (source)

Brands that have higher than average purchase for each group       

                Information (source)

Identify specific products which have above average usage for each group   

                Information (source)

Best media to use to target each group     

                Information (source)

HISPANIC AMERICAN

Total numbers in the U.S.

                Information (source)

Percent of the total U. S. population

                Information (source)

Rate of growth

                Information (source)

Average household size

                Information (source)

Average age

                Information (source)

% with college degrees

                Information (source)

Average or median income levels

                Information (source)

Geographic location(s) – metro, states, etc.

                Information (source)

Brands that have higher than average purchase for each group       

                Information (source)

Identify specific products which have above average usage for each group   

                Information (source)

Best media to use to target each group     

                Information (source)

Part 2 - Analysis of Business Potential for Each Group

 

For each "ethnic" group write a minimum of 2 paragraphs analyzing the business potential using the information found in your research for Part 1 and additional research necessary to complete your analysis.

African American

                Comments/rationale narrative

Asian American

                Comments/rationale narrative

Hispanic American

                Comments/rationale narrative

Bibliography/Citations