i am required to prepare a report in which basic marketing plan to be made to launch a product in a test market [university] and report must contain the following points
1 DETERMINING THE NEED & WANT OF MARKET
* must have a good idea to assess market need.
* research plan [methods,sampling plan, instrument]
* implement research plan and give an account of the finding
2 CONSUMER BEHAVIOR
* consider all factors affecting buying behaviour of buyers for product
* buying decision behavior of the consumer will demostrate?
* buyer decision process will affect the sale of ur product?
3 CUSTOMER DRIVEN STRATEGY
* 4p's
* market segmentation on baisi of various factors
* choose right target market
* position the product to gain maximum competetive advantage
4 NEW PRODUCT DEVELOPMENT STRATEGIES
* stages may be beneficial to the research
5 PRICING STRATEGIES
* pricing strategies for the product
* product mix strategies
6 BRANDING, LABELING, PACKAGING AND ADVERTISING:
* startegies for a brand name
* best way to package it and label it
* best way to advertise it within market
1 DETERMINING THE NEED & WANT OF MARKET
* must have a good idea to assess market need.
* research plan [methods,sampling plan, instrument]
* implement research plan and give an account of the finding
2 CONSUMER BEHAVIOR
* consider all factors affecting buying behaviour of buyers for product
* buying decision behavior of the consumer will demostrate?
* buyer decision process will affect the sale of ur product?
3 CUSTOMER DRIVEN STRATEGY
* 4p's
* market segmentation on baisi of various factors
* choose right target market
* position the product to gain maximum competetive advantage
4 NEW PRODUCT DEVELOPMENT STRATEGIES
* stages may be beneficial to the research
5 PRICING STRATEGIES
* pricing strategies for the product
* product mix strategies
6 BRANDING, LABELING, PACKAGING AND ADVERTISING:
* startegies for a brand name
* best way to package it and label it
* best way to advertise it within market