Premium Essay

Summary Of Pharmasim

Submitted By
Words 558
Pages 3
Our first goal with Allround was to Increase presence of products in market. We went about achieving this goal by using 3 different tactics. The first tactic was to create new alcohol free product that allowed us to enter the pediatric market. In doing that we also are working to exceed the expectations of our customer and increase customer satisfaction. As we expanded our product market we begin to enter more locations and improved our visibility. We increased our locations by expanding into convenience stores, mass markets, and pharmacies.
The second goal was to increase the product line. We increased our product line by introducing a pediatric product. This allround+ brand is alcohol free and children safe version of the original allround brand. By doing this we have targeted a market that we believe will increase and grow our product line. This of course will grow our profits. We have increased our locations and this will allow us to reach our new target by increasing our visibility in the market. Places like convenient stores and pharmacies allow us to reach our targeted customers easily. …show more content…
We increased our advertising expenditures. We increased our advertising to mediums like radio and other advertising mediums. Also to exceed our customer’s expectations by providing a child safe product that would be as reliable as our original formula. I promotions in all of our markets we have put out samples, coupons, and end caps to promote our new product in the market place. Thirdly, we have provided a chain discount to our vendors that would allow them to be able to buy more product and to increase the awareness and presence in the venues to increase the visibility of our

Similar Documents

Premium Essay

Market

...NORTHWESTERN UNIVERSITY J.L. KELLOGG GRADUATE SCHOOL OF MANAGEMENT Marketing 430-62 Alice M. Tybout Winter Quarter 2000 Phone: 847.491.2723 Office: Leverone 468 e-mail: amtybout@nwu.edu COURSE OVERVIEW Course Objectives This is a survey course and, as such, is designed to provide students with an overview of marketing concepts and tools. While effort has been devoted to finding teaching materials that represent a variety of industries and employ a variety of media, the primary goal is to help provide you with concepts and tools that will be broadly applicable. More specifically, the course has two primary objectives: To develop your marketing decision-making skills. You should leave the course with a well-developed ability to: - analyze the marketing and business environment in which an organization is operating and identify the primary marketing problems facing the firm, - prioritize these problems and select the key issue to be addressed, - develop compelling and creative strategies for solving these problems, and - make tactical decisions that will achieve the strategy that you have selected and, thereby, solve the problems you have identified. To provide you with a set of concepts and tools that can support your decision-making. Fundamental concepts of marketing (such as marketing disciplines, segmentation, targeting, and positioning, customer satisfaction, perceived...

Words: 6149 - Pages: 25

Premium Essay

Pharmasim

...Allstar Brands Over-The-Counter Cold Medicine Group May 15, 2014 PHARMASIM Simulation Initial Strategy Report Allstar Brands Over-The-Counter Cold Medicine Group May 15, 2014 PHARMASIM Simulation Initial Strategy Report PHARMASIM Simulation Initial Strategy Report Presented by Group D This report is Part 1 of assignment for Marketing MBA 565-MBOL1 to Dr. Stephen Baglione Table of Content Executive Summary...………………………………………………………………………..2 Project Objectives………………………………………….…………….…………..2 1.0 Vision………………………………………………………………………….…………..3 1.2 Objectives…………………………………………………………………….……….…..3 1.3 Key Success Factors………………………………………………………………….…..3 2.0 Target Markets…………………………………………………………….….…….……4 2.1 Market Definition and Segmentation……………………………….….……………….4 2.2 Target Market Segment Strategy……………………………………….………………4 2.3 Distribution Channels……………………………………………….…………………...4 2.3.1 Pricing and Promotional Allowances…………………………………………………4 2.4 Competitive Forces……………………………………………………………………….4 2.5 Advertising………………………………………………………………………………..4 2.6 Product Development…………………………………………………………………….5 2.7 Expense Budget Summary…………………………………………………….…………5 2.8 Sales Forecast………………………………………………………………….………….5 2.9 Progress Measurement and Monitoring…………………………………….….……….5 3.0 Key Marketing Metrics……………………………………………………….………….5 3.1 Other Success Metrics……………………………………………………………………5 3.2 Marketing Organization…………………………………………………………………5 ...

Words: 1303 - Pages: 6