MARK1101

.docx

School

Douglas College *

*We aren’t endorsed by this school

Course

1120

Subject

Marketing

Date

Apr 3, 2024

Type

docx

Pages

3

Uploaded by AdmiralGalaxyParrot42 on coursehero.com

Assignment Title: Marketing Plan for New Product Launch Course Title: Marketing Strategies 202 Instructor: Professor John Doe Due Date: April 15, 2024 Instructions: Executive Summary: Provide a concise overview of the marketing plan, including key objectives, target market, and anticipated outcomes. Market Analysis: Conduct market research to identify target demographics, consumer preferences, and competitor analysis. Use both primary and secondary sources to gather data. Product Description: Describe the new product in detail, including features, benefits, and unique selling points. Explain how it addresses consumer needs and market gaps. Marketing Strategies: Develop comprehensive marketing strategies for launching the new product. Include strategies for product positioning, pricing, distribution, and promotion. Advertising and Promotion: Outline specific advertising and promotional tactics to create awareness and generate interest in the new product. Consider digital marketing, social media, traditional advertising, and public relations. Sales Forecast: Estimate sales projections for the new product based on market research and marketing strategies. Include assumptions and rationale for your forecasts.
Implementation Plan: Create a detailed timeline and action plan for implementing the marketing strategies. Assign responsibilities and set deadlines for each task. Budget: Develop a budget for the marketing plan, including costs for advertising, promotion, sales support, and other expenses. Justify your budget allocation based on expected returns. Evaluation and Control: Define metrics for measuring the success of the marketing plan, such as sales revenue, market share, and customer feedback. Discuss how you will monitor and adjust strategies based on performance. Formatting Guidelines: Use clear headings and subheadings to organize your assignment. Include a title page with the assignment title, your name, course title, instructor's name, and due date. Use 12-point Arial or Calibri font, double-spaced. Include page numbers. Submission Instructions: Submit your assignment as a Word document or PDF file through the course portal. Late submissions will be penalized according to the course policy. Grading Rubric: Executive Summary (10 points) Market Analysis (15 points) Product Description (10 points) Marketing Strategies (20 points)
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