...MKT 500 Company Introduction, Market Segmentation, and Product Positioning Student Dr. Kelly Bruning Marketing 500026VA016-1126-001 July 22, 2012 Company Introduction, Market Segmentation, and Product Positioning Dating is something that most people have done or will do at any given point in their life. For some people, meeting and asking someone out for coffee, dinner, drink, or even a movie is as easy as breathing. On the other hand, for others it is just not that simple. Then to add to that scenario, you have people that have been with their mates for years, then suddenly find themselves single as a result of divorce, or because the spouse died unexpectedly. Now, just imagine someone in this situation who frankly hasn’t had a date in years, except with their significant other. They may not be prepared for the challenges of dating, or able to get out and meet people in the traditional manner in which most people are accustomed to dating. In addition, times have changed, and now with advance technology, a person can meet potential suitors online without ever having to leave the house. It is for this reason that online dating has become very popular. People can now search out the type of person who attributes fits more closely with their own ("What causes popularity of online dating?"). With the trend of online dating, there are a number of dating sites where there are millions of people who are utilizing the sites. To subscribe to these various sites, a person will...
Words: 4042 - Pages: 17
...SWJ Commercial and Janitorial Cleaning Concepts MKT500 Assignment #1 January 21, 2012 Shedrick Williams Jr. SWJ Commercial and Janitorial Cleaning Service is a veteran owned business entering into its first year of business. SWJ Commercial and Janitorial Cleaning Concepts recognize the need to provide a quality health based cleaning service to the locally owned business community. The objective of SWJ Commercial and Janitorial Cleaning Concepts is to provide a more comprehensive and innovative health based cleaning system that promotes a much healthier atmosphere to work in. For a much more affordable cost or maybe less than the current commercial cleaning company, SWJ Cleaning Services can help keep employees, members or customers healthy. The Market Segment includes small to medium size offices in which healthcare providers conduct business on a daily basis, (for example: healthcare providers that conduct business as doctors, nurses, and dentists). This segment was chosen for the following reasons: 1) Due to the increasing number of infectious diseases cases, healthcare providers are being exposed to these illnesses at a much higher rate as they go about conducting their duties to treat their patients. 2) Employee illnesses have become increasingly costly in the business sector more and more. Because of this, business owners have been prompted to take more and more preventive measures to protect their employees from illnesses that are passed on...
Words: 769 - Pages: 4
...Assignment 1: Market Segmentation and Product Positioning Fabio Micheletto Instructor: Dr. Jean Gordon MKT500 – Marketing Management 10/23/2011 Assignment 1: Market Segmentation and Product Positioning 1. Identify the marketing segment for the product and explain why this segment was selected. 2.1 Company Description WestportAxle Corporation is an U.S. based company with its headquarters in Brazil that focuses in manufacturing and assembly front axles for truck and buses (heavy and light duty). One of the products that WestportAxle plans to introduce in the U.S. market is the new 24K front axle for Trucks Class 8 Fire/Crash (picture 1). Company expects to use its 25 years of expertise to bring new alternatives for the Class 8 Truck builders offering a new product with better maneuverability that can be used in the narrow streets of big cities. Picture 1 – 24K Front Axle 2.2 Market Segment In the front axle business there is a specific market that we call “Niche Market”. This market is dedicated to special vehicle builders such as Fire Trucks, Garbage Trucks, Cement Mixers and so on. These trucks are common identified as “Class 8 Trucks”. The 24K front axle is largely used for these trucks, however there are some limitations. And one of these limitations is the maneuverability of the vehicle, sometimes is really difficult to maneuver the truck in the narrow streets. So, our product will fill this gap offering a 55 degrees wheel cut (the...
Words: 1166 - Pages: 5
...Assignment 1: Finding the Leader in You: Self-Assessment / Johari Window Jamaica McAllister MKT500 April 28, 2014 Dr. Strayer University Compute the elasticitites for each independent variable Price=-10*8000 = -.6107 Inelastic 131,000 Advertising= 1500*8000=91.603 Elastic 131,000 PX= Price of leading competitors product 5*8000= .3053 Inelastic 131,000 I=Per Capita Income 10*8000=.6107 131,000 Determine the Implications for each of the computed elasticities for the business in terms of short term and long term pricing strategies. Provide rationale in which you cite your results. The practice of price strategies involves charging a relatively high price for a short time where a new, innovative, or much-improved product is launched onto a market (Railey, 2012). The objective with strategies is to introduce the low calorie microwavable food around the world quickly in 26 markets in the month on April; prices are lowered later when demand from the “early adopters” falls long term forecasting. The success of inelastic -.6107 price strategies is largely dependent on the inelasticity of demand for the product either by the 26 supermarkets as a whole, or by certain fourth month projecting. High prices can be enjoyed in the short term where demand is relatively inelastic. In the short term the supplier benefits from ‘monopoly profits’, but as profitability increases...
Words: 1447 - Pages: 6
...Assignment #1 Market Segmentation and Product Positioning Firstcup ^ Coffee Shop (Toronto, Canada) Marketing Management Abstract This paper will provide the market research plan for Firstcup Coffee Shop. The store will be located in Toronto, Canada. The objective for the first year of operations is to be selected as the “Best New Coffee Shop” by the local restaurant authorities of the city. Firstcup coffee shop is expected to become a constant necessity for local coffee lovers and active people. It is a place to enjoy while you try to escape from the daily stresses and just a comfortable place to meet your friends, have a conversation, surf the web, or read books and magazines, all in one. Taking into account the growing demand for high quality gourmet coffee and great service in this city, Firstcup will take advantage of a strategic localization in Down Town to build a core group of repeat customers. The following plan will include a report of Firstcup Coffee Shop’s data source implemented, the research approaches used, the research instruments that will be apply to interpret the data, the sampling plan and the contact methods. Furthermore, potential market opportunities and threats have been identified by a SWOT Analysis. All of this information will be absolutely important to continue building an accurate marketing plan for the coffee shop. The results of the plan will be definitely very important...
Words: 1075 - Pages: 5
...Michelle Houston Marketing Plan 1 MKT500: Marketing Management Strayer University Professor Shirley McLaughlin January 23, 2016 Introduction of my company 1.Write an introduction to your company. Describe your company, its location, and the product it makes or the service it provides. The following assignment is aimed at creating a marketing plan for “Bella Hair Boutique”. Bella Hair Boutique has been selling different types of since 2012 in Washington, D.C. All of our hair comes from overseas in Dubai. A hair disturbing company called “ALI BABA”. Bella Hair Boutique service is providing hair (weave or false hair) to all women no matter what ethnicity, they have to option to come inside the store or order off line, and service to Beauty Salons. Bella Hair Boutique provides different types of hair such as Remy Virgin, Burmese, European, Malaysia, and Brazilian. Bella Hair Boutique will also have different types of textures such as straight, body wave, deep wave, loose wave and curly. Bella Hair Boutique will also provide shampoo, conditioner, heat protected, and a silk and seal serum which will help keep hair lasting two to three years. Bella Hair Boutique will also have lace and frontal closures, Wigs, and clip-ins. 2. Develop an environmental analysis that includes competitive, economic, political, legal, technological, and sociocultural forces. Step 1: Environmental Analysis: Bella Hair Boutique is a small local company outside of Washington, D.C...
Words: 1740 - Pages: 7
...American Psychological Association (APA) APA Style Manual 6th Edition Quick Reference Writing-Style Handbook Strayer University March 1, 2010 Table of Contents INTRODUCTION 4 CHAPTER 1 Basic Form and Appearance 5 Margins 5 Spacing 5 Font Styles 5 Page Numbers 5 Page Headers 6 Title Page 6 Headings 8 Numbers 9 Lists 10 Abbreviations 10 Tables and Figures 10 CHAPTER 2 SUPPORTING DOCUENTATION FOR ACADEMIC PAPERS 13 In–Text Citation 13 Direct Quotations 14 Works with no Author or with an Anonymous Author 15 Work by Two Authors 16 Work by Multiple Authors, five or more 16 Paraphrasing 17 Do Not Plagiarize 18 Using Block Quotations 19 Reference List: Basic Rules 20 References within the Reference List 20 Reference Examples for Periodicals 20 Reference Examples for Non-Periodicals 21 Electronic Sources 22 Examples for Internet Sources 22 Miscellaneous Sources 24 CHAPTER 3 ADDITIONAL RESOURCES 26 APA Writing Style Quick Reference Introduction This writing-style handbook is intended to provide basic examples of APA style, modeled after the 6th edition of the Publication Manual of the American Psychological Association (2010). The intent is not to provide detailed instructions relative...
Words: 3618 - Pages: 15
...Assignment 5: Marketing Strategies Assignment 5: Marketing Strategies MKT500 Marketing Management 9/8/2013 MKT500 Marketing Management 9/8/2013 [Student] [Instructor] [Student] [Instructor] Styan Custom Guns has been serving the local area, since 2005. At that time it was hard to find a local gun shop and the ones you did find had outrageous pricing; not just for firearms, but for ammo and accessories. For a while I knew that I wanted to start a local business, but I was not sure what would be worth the time and money with so many cookie-cutter companies around every corner. It was at that time I held a family meeting with my wife and parents to weigh the pros and cons. After several follow-up meetings with family and business advisers, I came to the conclusion that I wanted to move my vision from a thought to a reality. The entire process was moving very slowly at first. We were renting a small storefront which cost a not-so-small fortune. Even though we were providing an alternate solution to the locals in town we did not have the selection to really bring people in. We had some of the more common ammo in stock, but the firearms were few and far between. As time went on, we began to hear back from direct manufacturers like Ruger, Mossberg, and Smith & Wesson. Thanks to our loyal customer base and word of mouth we were bringing in more than enough to pay rent, make a profit, and give back in other ways. We will continue...
Words: 6809 - Pages: 28
...Free eChapters (FALL 2012) eChapters offer students immediate access to the first few chapters of their textbooks while they are waiting for the print book to arrive. eChapters help students to keep up with required reading and assignments until they receive their course material, without having to pay expedited shipping costs. eChapters that are available from the publisher are attainable free of charge. How do students gain access to free eChapters? Not all courses or textbooks have eChapters available. For all courses where eChapters are available, the files are located in the student’s Blackboard course shell under the Student Center. Below is a list of courses with eChapters loaded into the course shells, giving students free access as of the first day of classes. * = eChapters are forthcoming Course ID ACC100 ACC206 ACC303 ACC304 ACC305 ACC306 Text Title Accounting Principles – 9th edition Accounting Principles – 9th edition Intermediate Accounting 14e Intermediate Accounting 14e Intermediate Accounting 14e Microcomputer Applications for Accounting Excel 2010 Microsoft® Excel 2010: A Case Approach, Complete, 1st Edition, copyright 2011 SOUTH WESTERN FEDERAL TAXATION 2012: COMPREHENSIVE, 36th ed. South-Western Federal Taxation 2013: Corporations, Partnerships, Estates and Trusts, 36th Edition Cost Accounting 13th 09 ed. Advanced Accounting 4th 10th ed. Auditing & Assurance Services 13th 10 ed. Core Concepts of Government and Not for Profit Accounting 2nd ed., 2011 ed ACC...
Words: 3676 - Pages: 15