X Concept: A Mediterranean Restaurant Concept Prepared for Professor of Restaurant Management HMT 410 DeVry University – Online Prepared by Student: Prepared on xx xx xxxx TABLE OF CONTENTS Introduction Concept Development Site Selection Market Analysis Competition Analysis Financial Analysis License & Approvals Design‚ Furnishings & Equipment Menu Development Employment of Key Personnel Selection & Training of Key
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that channel organization. When discussing how the product‚ M&Ms will be distributed in a marketing channel we need to first know what a marketing channel or more commonly known as a distribution channel. A marketing channel is defined as: A set of interdependent organizations that help make a product or service available for use or consumption by the consumer or business user (Armstrong&Kotler‚ 2009). So basically businesses or consumers use what is called as an intermediaries or a “middleman”
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Marketing Management‚ 14e (Kotler/Keller) Chapter 2 Developing Marketing Strategies and Plans 1) The task of any business is to ________. A) create customer needs B) differentiate in terms of cost of production C) deliver customer value at a profit D) reduce competition E) communicate similar value as provided by competitors Answer: C Page Ref: 33 Objective: 1 Difficulty: Easy 2) What is the traditional view of marketing? A) Firms should just focus on production because if the
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Marketing Concept of Coca cola The basic proposition of Coke’s business is simple‚ solid and timeless. When Coca cola bring refreshment‚ value‚ joy and fun to their stakeholders‚ then they successfully nurture and protect their brands‚ particularly Coca-Cola that is the key to fulfilling our ultimate obligation to provide consistently attractive returns to the owners of our business. Target market Coke’s commercials basically based on young generation it is the target market of coke because they
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Chapter 1 Introduction 1.1 Background of the Study The Philippine’s economy has started to recover from the global economic recession of 2008-2009. High government spending to stimulate the economy has improved conditions temporarily but in turn has created a large budget gap. The Philippines has one of the highest drug prices in the world. Changes brought about by the controversial Cheaper Medicine Act have impacted the Philippines pharmaceutical market‚ whereby 200
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Michael Porter has described a category scheme consisting of three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage. These three generic strategies are defined along two dimensions: strategic scope and strategic strength. Strategic scope is a demand-side dimension (Michael E. Porter was originally an engineer‚ then an economist before he specialized in strategy) and looks at the size and composition of the market you intend to target.
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BAs assess business models and their integration with technology. Systems Development Life Cycle (SDLC) is a process used by a systems analyst to develop an information system‚ including requirements‚ validation‚ training‚ and user (stakeholder) ownership. The Systems Life Cycle (SLC) is a methodology used to describe the process for building information systems‚ intended to develop information systems in a very deliberate‚ structured and methodical way In Royce’s original waterfall model‚ the
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CONTENTS EXECUTIVE SUMMARY 1 INTRODUCTION 2 RATIONALE 3 MARKETING DECISION PROBLEM 3 SCOPE 3 LIMITATIONS 4 DETAILED METHODOLOGY 5 LITERATURE REVIEW 7 SECONDARY STUDY 8 PRODUCT SPECIFICATION 8 STP 9 CVP 11 BRANDING 12 SWOT ANALYSIS 15 COMPETITIVE DYNAMICS: PORTER’S FORCES 17 ANSOFF’S MARKET-PRODUCT GRID 18 PRIMARY RESEARCH 19 FINDINGS 24
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consumers are switching from name brand products to generics or house brands. What is a house brand or a generic product? A house brand‚ otherwise known as a store brand‚ is a proprietary brand of merchandise sold by one retailer and often bearing the name of the retailer. A house brand is usually sold at a lower price than the equivalent name brand product and can‚ sometimes‚ have packaging identical to that of the national brand. Whereas‚ a generic brand has no-proprietary name and can even be absence
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* Identify the generic strategy adopted by a product or division of your firm and also a major competitor. Attempt to justify your answer by comparing with the industry average benchmarks (Price and Cost data). * Draw a value chain of your firm‚ mentioning key points of functional fit/ misfit with the above generic strategy. E.g. how will Operations /marketing support the identified strategy. Make recommendations for any change needed. ------------------------------------------------- 1a
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