Never lose your chance to excel in MRK201 Marketing Mix Assignment Help solution,hire best quality tutor for assignments

Home   Course  
Previous << || >> Next

MRK201 Marketing Mix Assignment Help

You are required to develop a detailed marketing strategy for the introduction (or launch) of a new product or service into the Australian market, for the company which will be chosen by your group from one of the following industries; Australian Retail, Australian Fashion or

Australian Online B2C marketing.

Your marketing plan must include detailed analyses of customers and competitors as well as the general marketing environment in addition to a comprehensive positioning strategy.

1. Choose a company from one of the following industries; Australian Retail, Australian Fashion or Australian Online B2C marketing.

2. Identifying, describing and implementing market segmentation

3. Organisational resources and sustainable Competitive advantage

4. Planning for New products, New product development process

5. Competing through new marketing mix

 

Getting Stuck with Similar Assignment? Enroll with Expertsmind's MRK201 Marketing Mix Assignment Help services and Get distressed with your assignment worries!

Introduction

The report focuses on significance and implementations of marketing strategies and concepts with respect to Ally Fashion. The company started their business in 2001, and at present they have 145 stores across Australia.

Objectives

 

Here in this context, the management of Ally Fashion is going to introduce denim jeans for women with some special features in the Australian clothing market. 

Specific

To expand the operating area of Ally Fashion, even in the international market

Measurable

To increase the annual revenue of Ally Fashion by at least 10%

Achievable

To successfully compete with other branded women denim jeans available in the Australian market

Time-bound

To launch the product within six months of the announcement

Market segmentation

Ally Fashion is a fashion retailer in Australia and is engaged in providing clothing and accessories to customers based on geographic, demographic, psychographic and behavioral market segmentation (Allyfashion.com, 2019). 

The management of Ally Fashion is well aware of the preferences, decisions, and choices of the Australian women regarding clothing selection due to the experience of providing clothing for a long time 

Organizational resources and sustainable competitive advantage

The four key resources of the company consist of human resources, financial resources, physical resources and information resources. They have 145 stores across Australia that supports market capability and market research. Financial resources consider revenue, assets, property, equipment etc. In the case of human resources, total 74 employees are working under this company.

Planning for new products and new product development process

Idea Generation:

The company introduced Denim Jean's for women in the market.

The idea generation from the external resources includes idea suggestions from supplier, dealers and tow stakeholders in the marketplace. 

Idea screening:

The screening of the idea includes matching the product features with the current requirement of the market.  

Development of the concept:

In order to develop the product line, they need of resources, raw material, suppliers, investment, budgeting and forecasting for turning the idea into reality.   

Development of the business strategy 

The company uses various strategies in price, promotion distribution to get maximum benefit from the market. The differentiation market strategy and cost-plus pricing strategy is most suitable for denim jeans.

Product development

Proper strategic application by the company provides them competitive edge to a great extent. 

Marketing mix:

Due to introduction of new type of denim jeans for women, Ally Fashion certainly face challenges and strong competition by other companies, even by the similar kind of available products offered by Ally Fashion itself;

Product

The product comes at the first in the discussion of the marketing mix as it is the only visual element that attracts the customers for the first glance.

Price

It is opined that the successful marketing of a product hugely depends on its price that means, if the price range is affordable by all groups of the customers, the management of the company can gain a large customer for selling the product.

Place

Place of the marketing of a product is important as the availability of sufficient customers, necessary resources and market opportunities declare the market position and acceptance of the product.

Promotion:

According to Išoraite (2016), the companies get the primary opportunity to impress the customers by bright and attractive promotional activities.

People

Concentrating on providing excellent customer service, the management of Ally Fashion has the aim to select efficient new staffs and salespersons.

Process

The management of Ally Fashion aims to repeatedly provide products by time, maintaining good quality to carry on their excellent marketing process

Physical evidence

The new product denim jeans for women by Ally Fashion will be delivered by attractive and colourful packaging to create an impressive primary image of the product.

Conclusion:

The report emphasize on marketing positioning of Ally Fashion in Australian market. The company has been able to its own brand value in the market by creating a reliable customer base, product positioning and brief evaluation.

Do you want to hire tutor for original assignment solution? Avail Quality MRK201 Marketing Mix Assignment Help soluiton Writing Service at Best Rates!

 

Tag This :- Get guaranteed satisfaction or money back under MRK201 Marketing Mix Assignment Help solution writing services of Expertsminds.com– order today new copy of this assignment!

get assignment Quote

Assignment Samples

    Genetic Diversity Assignment Help

    genetic diversity assignment help- Genetics is the study of inheritance. Human beings have adapted well to the growing needs of the populations and always come

Get Academic Excellence with Best Skilled Tutor! Order Assignment Now! Submit Assignment