Preview

Marketing Mix Finagle a Bagel

Powerful Essays
Open Document
Open Document
1560 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Mix Finagle a Bagel
Unit 2 Assignment:
Marketing Mix Finagle a Bagel
Maria Mella

MT219 Marketing
Professor Nora King
April 5, 2010

“Finagle a Bagel”
Maria Mella

1. Describe Finagle A Bagel 's marketing mix. Marketing Mix is four activities- products, pricing, distribution and promotion - that a firm can control to meet the needs of customers within target market. Finagle a Bagel uses all four marketing mix variables. The product, pricing, and distribution are the variables that firm’s marketing department enforces the most.
Products Variable: Finagle a Bagel does not only sell plain Bagels but they also have 14 varieties of bagel sandwiches, and salads that are all linked to their core concept. The ingredients used to make these menus are natural chemical free ingredients. Finagle a Bagel strives for uniqueness; they study their target market and determine through informal survey and competition research what their customer want. Unlike other competitor the firm does not believe in copying or implementing what is trendy, the firm believes in innovative yet appealing ideas. A mix of Good, Service, and Ideas are the elements utilized to assure that the firm introduces new products that are not only unique but successful. Products are prepared fresh and based upon each customer’s preference.
Pricing Variable: Finagle a Bagel has a policy that states that regardless of the cost they would not compromise the quality of their products. They maintain the same cost for their product regardless of the store locations because they understand that customers want to be treated fairly in spite of where they live. The firm studies the best possible ingredients, the cost of the same before they use them for their recipes. Competition price analysis is also a determining factor for the Finagle a Bagel. Customer surveys take place before launching a new product with the purpose of determining the expected price that customers are willing to pay for the same. A frequent

You May Also Find These Documents Helpful

  • Better Essays

    Kudler Fine Foods is the brain child of Kathy Kudler. She envisioned a one stop gourmet food store and has grown to three locations to date. She continues to maintain direct control over large bulk purchase order items, stringent customer service policies, and hiring. The following is a discussion of how the organization competes in the marketplace and the strengths and weaknesses of the firm as indicated by the marketing surveys completed by their customers. There will also be discussion of the market structure which best applies to the organization and how that structure positively and negatively affects the firm, how the effectiveness of the competitive strategies in the market structure affect the organization’s long-term profitability, and what competitive strategies recommendations may be made.…

    • 1028 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The Kudler Fine Foods Shoppers program will offer 3 different strategic programs to increase loyalty and gain profit from consumers. All three programs will take research and steps that starts off with the inventory manager (Kathy). Kathy along with three department managers make sure that research is done and information about profits, dollars sales and profits will be generated. This is done by checking the cashier’s slips daily and making sure the inventory about will also be checked daily. Inventory will be about products and what products should be used mostly for sales and what will be good for sales. Although the management team research for sales and profits for customers, they will also have to generate an intimate relationship with their customers. They will do this by tracking customer’s purchases and behavior of customers that they will learn from over time. Another service that this program will have is to “show customers how to prepare specialty foods”, Kudler Fine Foods (2007). Costumers will want to bring others along to this and this will bring more customers into the store. Because of this action consumers will be trained by expert chefs, local celebrities, and other food experts. By training these consumers, customers will want to come to join the party and join in with the expert chefs, and celebrities. The outcome of this event will help to invite a customer with more friends and family to come just so they can participate in this food show. Because of the time consumed the in store show, customers will spend more time in the store and this will increase overall revenue per visit, and will also increase the consistency of visits to the store. This will also help the store because this will help because other customers will hear by word of mouth about the show that Kudler Fine Foods put…

    • 860 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In order to succeed, it is fundamental that businesses satisfy consumers’ needs (and desires) for goods and services. Appropriate market research provides the data necessary to understand those needs and respond to them effectively and profitably. Kudler Fine Foods (KFF) has performed market research in the past. Some of that research has been helpful; some has not. Additional market research is needed for KFF to reach a larger share of the market and increase profitability.…

    • 1297 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Kudler Market Structure

    • 1203 Words
    • 5 Pages

    The organization has developed a loyalty by its customers and has profited from this loyalty. The company has achieved profitability by expanding its services such as parties and frequent shopper programs (Apollo Group, 2011). The development of these added programs increased their revenue and expanded their customer base. Kudler Foods was the first to create these type of programs, first in their marketing area. Another way the company is competitive in the marketplace is through providing customers with new gourmet selections (Apollo Group, 2011). This allows the company to follow trends of its customers and being able to set a price on those items. By being flexible on their pricing, the company can change prices when there is need to stimulate the sale on select products. This keeps Kudler Fine Foods competitive in the…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Good Essays

    My name is Nick Cochran, I 'm a general manager and I work in Wayland location, which is in Wayland, Massachusetts. I 'm 23,…

    • 2614 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Mkt Week 2

    • 1208 Words
    • 5 Pages

    Kudler Fine Foods (KFF) is a grocery store that is looking to offer its quality brand of products in new parts of the world. To start the process Team “A” will analyze market desires and market progress, perform a SWOT analysis, and outline the product offering and its opposition.…

    • 1208 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Hrm/531 Week 5

    • 4281 Words
    • 18 Pages

    Product differentiation is a business strategy whereby firms attempt to gain a competitive advantage by increasing the perceived value of their products and services relative to the perceived value of other firms' products or services.…

    • 4281 Words
    • 18 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The customers purchase behavior will allow us to tweek the process as we go through this program as well as making the best offerings to best satisfy our valued loyal customers for their frequent purchasing at Kudler. These points our customers will earn them high end gifts, specialty foods and airline first-class upgrades and many other exceptional products. Our sales department will receive in-depth training on how to analyze the data received from the purchases that we are tracking from our customers. This is a critical part of the insight to please our most loyal customers. We will use this data to offer products on our shelves that our customers come to purchase and expect at Kudler Fine Foods. This will allow us to look at the most frequent purchases of our customers and compare with their corresponding profit margin to fit them into our product mix. The…

    • 602 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Kudler Fine Foods

    • 925 Words
    • 4 Pages

    In 1998 Kathy Kudler (owner), opened a gourmet food establishment with an ideal image of starting a business which provided the freshest ingredients as well as cooking instruments for individuals cooking benefit. Due to the company’s success Kathy has moved forward with expanding business. Business additions include three locations. Within the companies continued success Kudler’s foods continues to improve, provide and expand services to improve the operation while attracting and retaining customers. Kudler Fine Foods has generated a profit due to Kathy’s dedication to her employees, customers and operation. Kathy’s knowledge and awareness in regards to remaining successful will benefit the company as it develops effective marketing strategies included but not limited to tactics as well as marketing research.…

    • 925 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Kudler Fine Foods is an upscale specialty gourmet food company. Their goal is to provide every customer with the best food products from wines, domestic products, and fresh organic foods. Kathy the CEO of the company wants to expand their business by contracting with local growers so they can provide Kudler Fine Foods with the best available organic products out there. By being able to have a huge organic section in all three stores will increase the company’s operational efficiency and retail sales. These changes will affect their supply chain with the local growers. This will also allow Kudler Fine Foods to develop a healthy relationship with the suppliers (local growers). They will be able to have better control over their quality and performance measures. They will be able to set quality standards and to provide good quality product to the customers that will allow them to increase their business and customer base. Kudler Fine Foods is in a position to be a competitive company against other similar companies that have not made the necessary changes to grow as a company.…

    • 1005 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Success for new business’ or products is dependent upon the wants’ and needs of the consumer; market research helps shape the design of a product for both consumer and developer. Kudler Fine Foods must create a successful marketing strategy that includes both a target market, “a fairly homogenous (similar) group of customers to whom a company wishes to appeal” (Pereault, Cannon, & McCarthy, 2011, p. 3) and a marketing mix, “the controllable variables the company puts together to satisfy the target group” (Pereault, Cannon, & McCarthy, 2011, p. 3). Their mix must include the “Four Ps” (Pereault, Cannon, & McCarthy, 2011, p. 7) to be successful. These include: researching the market to see if they are developing the right product for the right market; the channels of distribution with which they will get their product to the marketplace, the method of promoting the…

    • 1078 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Marketing Mix

    • 1479 Words
    • 6 Pages

    PART A : Identify the key characteristics of their products and services. What is their significance to the market.…

    • 1479 Words
    • 6 Pages
    Best Essays
  • Better Essays

    Each of our locations is located in an exclusive upscale neighborhood, which offers relaxation to our customers for being in a clean and safe environment. Each location is approximately 16,000 square feet of retail space, which allow us to demonstrate cooking, preparing and tasting our products. “The stores are stocked with the very best domestic and imported foodstuffs and divided into the following departments: Fresh Bakery and Pastries; Fresh Produce; Fresh Meat & Seafood; Condiments and Packaged Foods; Cheese’s and Specialty Dairy Products” (rEsources, 2008). We have a marketing strategy to increase loyalty and profitability of our consumers.…

    • 1196 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    COMPANY NAME 2012 COMPANY NAME seeks to be a one stop shop for the local community, whether it be copying, faxing, shipping, or just daily shopping, we want local residents to know that we will be able provide for their diverse needs in a store with them in mind. 4.3.1 Competition and Buying Patterns The customer base of COMPANY NAME is very diverse in that there is a group of general customers that just purchase store brand and national brand products, another group high end customer who request select gourmet products, such as capers, anchovies, specialty sugars, and the like and the cost for these items is approximately 150.00 month, and finally healthy choice customers who request a selection of natural organic products, the cost for these items is approximately 2000.00 month. In order to maintain our customer loyalty base and continue to increase sales revenue, we make these products available. The community has become accustomed to these products and expects them to continue. Depending upon the size of the community, there may be several stores to choose from. Larger communities, such as CITY, have several larger chain grocery stores as well as smaller specialty gourmet stores, whereas, a small community may have a single grocery store, or possibly two stores to choose from. BUSINESS PARTICIPANTS The grocery industry is extremely competitive with the rise of hyper marts, convenience stores, and food drug stores all competing for the same customers. This presents…

    • 3512 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Bayou Farewell

    • 946 Words
    • 4 Pages

    The story is told by Mike Tidwell, a man who chooses to hitchhike down the Bayou, catching rides on stranger's boats who he has never met before. He started on his exciting journey, not knowing what would become of him. Relying on strangers kindness, and a great deal of luck. Throughout the book the author travels down the 'Baya', as the Cajun people call it, and meets many people of Cajun background who call this place their home. The Author's main purpose in writing this book is to share with the world the lifestyle of these Cajun people; and how their home is disappearing before their own eyes. He wants to call attention to the rising problem of the disappearing marshlands, with the intention of slowing down the process.…

    • 946 Words
    • 4 Pages
    Good Essays

Related Topics