Introduction The purpose of this paper is to describe the attributes of the Starbucks Chai Tea and energy drinks in detail. The pace at which this product will move through the product life cycle will be described as well as the factors that will impact its movement. Also‚ details on how the product life cycle will impact the marketing of the Chai Tea and energy drinks will be identified. The positioning and differentiation strategies for this product will be identified. The appropriate price
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1. COMPANY DESCRIPTION Starbucks is the largest coffeehouse company in the world. It was founded by three very unusual entrepreneurs‚ an English teacher Jerry Baldwin‚ History teacher Zev Siegel and a Writer Gordon Bawker. They came with this brilliant idea of getting into the coffee business inspired by an entrepreneur who sold high quality coffee beans and equipments‚ named Alfred Peet. The first Starbucks store was opened in Pike Market Place in Seattle on March 30‚ 1971. It is a for profit
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Marketing Plan: Phase l This marketing plan will give an overview of the existing organization and describe a new product or service. An explanation of the importance of marketing for the selected organization’s success will be addressed. A SWOTT analysis on the new product or service will be written. In addition‚ the marketing research approach used to develop the marketing strategy and tactics for this new product or service will be stated (University of Phoenix‚ 2011). Existing organization
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Marketing Plan Phase IV MKT421 June 26‚ 2013 Marketing Plan Phase IV This is phase three of the Marketing Plan for the OnGo product line by Google X. This portion of the plan will give a detailed description of the attributes‚ the life cycle and its effect on the marketing for this product‚ positioning and differentiation strategies and the appropriate price strategy for the OnGo product. After analyzing this data it will give Google X a better understanding of how to market this product
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Marketing Plan: Phase III Paper Marketing MKT 421 April 21‚ 2008 Marketing Plan: Phase III Paper A clear vision and strategy has been developed for Gatorade’s new energy drink the Drive Energy Drink. With that said‚ the next step to developing the product is to determine the attributes‚ the product life cycle‚ and positioning and price strategy of the product. Knowing the right look and feel of the drink can increase sales and use of the product. How will the product be introduced to the
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Marketing Plan Phase 3 Cynthia Marshall MKT/421 February 3‚ 2014 Shannon Peterson In Phase 3 of our marketing plan for Budweiser’s new Apple lite flavored beer‚ we will be discussing the attributes of our product of which we will be launching. Next‚ we will then describe the steps in which our new Apple lite flavored Beer will take as it begins its journey from the introductory stage‚ then in its growth stage‚ its maturity stage followed by its declining stage‚ as well as the factors that
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Marketing Plan: Phase III MKT/421 March 26‚ 2014 Jim Stewart Marketing Plan: Phase III House plants are looked at in by most as decoration in their homes. The Filter Factory Outlet Store is now bringing this product more attention on the specifics of what they will do for your indoor air quality. Pricing this new product is important to the company because it is sold virtually everywhere. Providing the education is the key to higher sales of plants in the Filter store. Product According
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Running head: Marketing Plan – Phase I Paper Sony Electronics – SONO Stick University of Phoenix MKT/421 – Marketing Facilitator: Chris Ross April 23‚ 2007 Sony Electronics – SONO Stick Introduction The introduction of any new product can be and intense process for any company. The Sony organization is a large world wide corporation that since its inception has proven to work towards electronics innovation. The new product that Sony is reviewing is the Sono-stick and prior
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Marketing Plan Phase IV Xxxxx MKT/421 January 15‚ 2012 Donald “Skip” Gregory Marketing Plan Phase IV (Online Marketing Trends‚ 2011). The Brass Tacks * Price: $24 Billion in annual revenue * Place: 33‚000 local restaurants‚ 119 Worldwide with around 80% independently owned * Promotion: Internet‚ television‚ radio‚ newspaper‚ magazines * Product: Food and beverages McDonald’s mission is‚ “To be our customers’ favorite place and way to eat” (McDonald’s Inc.‚ 2012). Since
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Swift Marketing Plan: Phase II Swift is the largest transportation company in North America. It transports with the largest fleet of trucks and largest number of intermodal terminals‚ as well as by sea. The goods transported are varied in sizes‚ from large cargo bays to small packages. Swift is attempting to improve its business by offering a unique service. It would like to allow its customers the opportunity of precise transportation tracking‚ enabling customers more control over their products
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