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Importance of marketing communication
Importance of marketing communication
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Marketing strategy Overall marketing strategy The first marketing strategy that is going to be use by Warung Truck is through communication with the targeted segments. There will be various methods that will be implement and the first one will be through advertisements. Printed advertisement and to be specific, fliers will be wise for Warung Truck to invest in so that the targeted customers will be able to notice the existence of Warung Truck or any changes in terms of menu, price, and opening time that Warung Truck made (MSG, 2017). Next, Warung Truck also would reach the customers through social media such as Facebook, Instagram as well as Twitter. By updating any important details on Twitter, this will support Warung Truck to actually communicate with customers and allow them to give feedback that will then benefit Warung Truck because followers will be able to get more engaged in the conversation (Hall & More, 2017). On the other hand, Intagram would help Warung Truck to actually let people see the well-styled images of …show more content…
As a result of this, Warung Truck is going to provide a high value added product at a reasonable price point so the customers satisfaction will help in contributing to the success of Warung Truck. The price for the food will either be in the range of the direct competitors prices which is between £4 to £7 or slightly lower. Nonetheless, Warung Truck will ensure that profit margin will still be generated after paying all the relevant expenses. There will be generally two types of pricing that Warung Truck is going to use which are retail as well as discounted. Retail price may require customers to pay the product in the full price and discounted means that customers only required to pay a certain amount after promotion is applied to the retail price.
Hooley, G., Piercy, N. F., & Nicoulau, B. (2008). Marketing strategy and competitive positioning (4th ed.). Upper Saddle River, NJ: Pearson.
Peterbilt When our country was at war, the military identified the need for trucks. Trucks were very important because it was difficult to find a way to transport all the supplies, troops, and food. After WW1, this brought an increase in good roads, plus an expanding economy. This helped grow the trucking industry. The 1920’s were the years of innovation.
Once the target market has been identified it is important to develop a marketing strategy. In today's fast paced, information overloaded society; conveying a message about a product seems to be more difficult than ever. The consumer is bombarded with advertising everywhere they look. Today advertising not only exists on television, radio, magazines, and newspapers, it can be found on billboards, park benches, in our mailboxes, on buses, taxis, at sporting events, and on clothing.
The promotional mix is a combination of tools that include direct marketing, advertising, personal selling, sales promotion and public relations. Appendix 2 shows the benefits of the promotional mix tools used. Integrated marketing communication is a concepts of marketing commutation from each promotional mix that combine and evaluate planned role of different communication (Naeem, Bilal &Naz, 2013, p.g. 125). There are factors that affect the marketing mix and there are nature of product(product characteristics such as the costs and risks and the social risk), stage in product life cycle and target market, type of buying decision , promotion funds and the push or pull strategy. Appendix 3 shows the push and pull strategy. There are many types of advertising that Masterfoods would use to deliver their message about the new Classic Marinara sauce. The main types of advertising are institution (enhance company image), advocacy (express its views) and product (promotes). The media type of advertising is an important aspect for Masterfoods as it includes advertising such as newspapers, radio, television, magazines and the internet. The 6 stages of pricing can varying from selecting the pricing objectives to selecting the final price.The six stages of pricing for the new product is an important aspect of this stage. The demand determinants of the
A brand is utilized by a company to differentiate its products from others in the market. Some techniques for accomplishing this are through the use of distinguishing logos, names, color schemes, and slogans. An effective branding strategy is one of the most important components for gaining a significant advantage in a progressive market. Basically, a company brand is its promise to its customers about what can be expected from its product and how it differentiates from the competitors. The branding strategy is the part of the marketing plan that explains how and to whom the company proposes on conveying its brand messages. It will also explain where the company plans to advertise and what it will publicize both visually and verbally (Williams, 2013). Home Depot’s marketing plan will contain domestic and global branding strategies and will be a collaboration of brand messages from both Home Depot and Reach the Top®.
FOOD TRUCK VENDING BUSINESS Introduction A food truck vending business is one of the most attractive and critical to many people in various parts of the world. The business will be focused on selling frozen and packaged foods with other trucks having kitchens within. The business will be involved in the sale of foods such as French fries, regional fat foods, hamburgers as well as sandwiches to various places. The business will try as much as it can to provide foods with greatest varieties to influence increased businesses in various market points (Bhimji, 2010). Food truck is a critical aspect that will ensure people in town have access to quality prepared and efficient foods that meets the needs of various people across the globe. The organization
By following the strategy that I have given, we can monitor the sale of our product. Once we see an increase in revenue, we can increase our advertising campaign to directly penetrate household markets through TV and/or radio. All of these numbers and strategies seem to line up for a successful product.
Our business is a buffet style steamboat, so the price will be count based on per person. One person will be charged for RM18.00 per meal while the student price is only cost RM15.30 per
This strategy is very much about the business which is carried out as usual. In this strategy the marketer is focusing on both the product and the market opportunity.
As noticed earlier, the formulation of a marketing positioning strategy needs dedication and work from the respective strategist, like patience, creativity, ability, imagination and sheer instinct. It also requires awareness that some times, the best strategy might be not to enter the market.
Trucks and SUV’s – An Equity Mining Opportunity There are two kinds of vehicle owners in this country, those that drive a truck (SUV’s included) and those that want a truck. In the latest 2018 May sales recap, Trucks commanded 62% of new vehicle sales. So complete is this paradigm change in the market that Ford will quit producing cars in 2020. This presents a tremendous opportunity for equity mining.
...rketing plan that will form the basis of all your marketing activities. Today, there are literally dozens of ways you can communicate your
An organisation strategies that combine all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and the business. marketing strategy is one way to achieve the goal of a company. The destination marketing is the first and best in class in meeting the needs and aspirations of consumers. Besides that, being a key partner for our customers, consumers and communities. Eliminating non-value added activities of the process. However, the aims to increase the target profitable growth and provides benefits above average employees and shareholders. There is an example of marketing strategies that used in Rejoice company. The 4P’s are influence the marketing strategies.
The Vietnam War was not just boots on the ground and bombing enemy troops. Motor transport was a highly-trained position that had many functions. To be qualified for this position, it was required to pass a driving course to be prepared to operate tactical-wheeled vehicles for combat and transport. During the Vietnam War, the Marines Motor Transport was an important role because they delivered critical supplies, helped to move equipment between bases, and dispatched vehicles to support operations.
The main topic for this Extended Essay is to analyze the effectiveness of company’s market strategy. A marketing strategy can be defined as a process that helps a business to optimize the opportunities in order to complete business objectives, which mainly gain profits. It includes all basic and long-term field activities of marketing that deal with the analyzing of initial strategy, evaluation of the strategy, and making of a new strategy if the initial strategy is found to be ineffective or even might cause loss. (Homburg, Kuester and Krohmer 2009) To make sure the effectiveness of marketing strategy, its crucial to establish the right marketing mix which cover all the element needed in marketing a product. (Clark, et al. 2009)