BSBMKG502B - ESTABLISH AND ADJUST THE MARKETING MIX Assessment Task 1 – Work Based Knowledge Test 1. What are the characteristics of the products and/or services in your business? Ans. I am working in . We are selling burgers as well as fries and soft drinks. But recently we start selling frozen coke and ice cream‚ which Mc d was selling and now we are making good money. 2. How do these products and/or services relate to the market they are in‚ and to the immediate competitors? Ans. We have
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Business Plan for a Startup Business Technopreneurship begins with a technological idea that upon reflection can be converted into a valuable opportunity. Simply put‚ technopreneurship is entrepreneurship in technological venture. Thus‚ technopreneurship involves the entrepreneurial life cycle. One of the phases of such life cycle is to document one’s business idea into a business plan. The business plan consists of a narrative and several financial worksheets. The real value of creating a business
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Question: Should companies involve their marketing channels in the design of the promotional programs? What are the advantages and disadvantages of doing so? When a company is looking at promoting a new or existing product or service‚ the involvement of their marketing channel during the design of the promotional program is key component. According to the text Excellence in Business (Bovée‚ Thill‚ Mescon; p. 417-418)‚ a market channel is the network of firms that work together to get goods
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demand of tropical resorts makes us believe this is the ideal business opportunity for us to create “Amazing Grace” Our resort will offer an unparalleled vacation experience. At our resort our customer will discover the wonders pools and a lake. We plan to decorate our resort with natural beauty. Different types of bird will be found here. We will offer our accommodation with cottage. In resort‚ we will attract our customer by a beautiful natural environment. We will also offer tent accommodation
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Marketing Metrics At the beginning of The Balanced Scorecard‚ a book on the new generation of performance metrics‚ authors-Dr. Robert Kaplan and Dr. David Norton present an analogy to drive home their case. They ask you to imagine entering an airline jet cockpit‚ and in front of the pilot‚ you see just one gauge. You ask the pilot‚ "What’s that gauge measure?" "Altitude"‚ you’re told. "What about the other gauges?" "We won’t be using them this flight. I’m just focusing on altitude." "How
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Professional Diploma in Strategic Management and Leadership UNIT NO/TITLE: Unit 07 / Strategic Marketing Management ASSIGNMENT NO: 1 of 2 Individual Credit Value: 10 Learning Outcomes: * Understand the principles of strategic marketing management * Understand the tools used to develop a strategic marketing strategy * Be able to respond to changes in the marketing environment Issue Date: Due Date: 08th September 2013 Submission Date: Assessor’s Name:
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targets we set ourselves according to our 5 year business plan. Duties and Responsibilities: making sure that -the food we serve is fresh and properly prepared using the correct methods - the service we provide is quick and excellent - the levels of hygene in the premises are always maintained - the Finances are always in order - any complaints are properly dealt with should there be any - we take proper steps to ensure that the marketing strategy whether local or national is implemented properly
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Beli Fire Business Plan Prepared November 19‚ 2012 Contact Information Meagan Lydon Meagan.Lydon@email.com Table of Contents Executive Summary Objectives 3 Organizational Vision 3 Description of Legal entity and ownership 3 Start Up Performance Table 4 Company Company Summary 5 Mission Statement 5 Keys to Success 5 Strategy and Implementation Marketing Plan 6 Contingency Plan 8 Measurement and Tracking
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The market plan of Nokia Executive summary The electronic products technology is popular all around the world. It has done a tremendous change in all over the world; basically the mobile phones because now at present time mobile phones are the first priority in terms of telecommunication. In the mobile phone manufacturers China must be one of the biggest and growing markets. As we know about that‚ a leader in mobile telecommunications market‚ Nokia has its scientific business strategy that leads
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BSBMKG401 Profile the market Introduction: The marketing plan will be linked closely to the overall business and financial planning. This plan is designed to fulfill the business plan. But also the way in which the staff of the company to get a handle on the external and internal factors which will affect the company’s success in Ashland following topics will help determine how the company plans to split. Differences in business and product offering from the competition and explain the strategies
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