In this unit you will submit Part D of your Marketing Plan. Remember to use the WAC!Â
In this part of the Marketing Plan, you will implement the four Ps of the Marketing Mix: Product, Price, Place, and Promotion. This Marketing Mix is based upon your company's target market.Â
Prepare this part of the plan in a Word document, using APA style. The plan should be approximately 2 pages long, not including the cover page and references page.You should use 2 resources, one of which can be the company's website. (Remember: Your final plan in Unit 5 must show at least 4 resources.)Â
Use these headings in bold font in your plan and cover the points beneath each heading.
Product and Value Creation
· Explain the product(s) or service(s) offered by your chosen company.
· How does the product or service establish value for the consumers?
Price and Value Creation
· Explain the pricing strategies used by this business.
· How does the pricing offer value to the consumers?
Place and Value Delivery
· Explain the distribution or the methods and locations that your chosen company uses for their products and services.
· What value does the distribution, methods, location provide consumers?
Promotion and Value Communication
Note: Promotion is all the communication channels involved in the whole marketing strategy; such as advertising, public relations, sales promotions, social media engagement, etc.
· Identify the marketing channels your chosen business uses for its products.
· Explain why the channels are appropriate for the company's target market.