BUS599 Target Market

BUS599 Target Market

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BUS599 Target Market

Week 3 Discussion

Target Market Attachment

For this week’s discussion, please respond to the following:

Describe the target market for your chosen company, whether it’s based the snack food company scenario or a start-up company of your choosing. Be sure to include the following:

Demographic Description: Age, income range, gender, family size, education, occupation, et cetera.

Example: A likely user for X product is a male aged 25–34 who earns between $35,000 and $55,000 per year and has a four-year college degree.

Geographic Description: Area you would like to serve, density (urban, rural), nature of location (mall, business center, et cetera), climate condition.

Example: Atlanta.

Lifestyle Description: Where do your customers shop, what do they do for leisure, what kind of clothes do they wear, what type of cars do they drive, et cetera?

Psychographic Description: How would you describe your target market, for example, socially responsible, trendsetters, or fun-seeking?

Purchasing Pattern Description: How will your target market use the product, how many times will they buy it, where do they buy the product, how do they pay for it, et cetera?

Buying Sensitivities Description: What factors are important to the customer before they buy (price, quality, customer service. packaging, et cetera)?

Post at least one substantive comment to another student’s post.

Notes

Textbook Chapter 7, “Target Market,” pages 105–122, provides additional detail about this topic.

You will revise this week’s discussion post as part of your work on the Week 5 assignment, Marketing Plan and Budget.

 

BUS599 Strategic Management

Week 4 Discussion

Marketing Strategy Attachment

For this week’s discussion, please respond to the following:

Complete the Marketing Vehicles Table, identifying the marketing vehicles you will use to reach your customers.

Be sure to include the cost of each marketing vehicle.

Add any additional notes under the table.

Delete the italicized examples.

Marketing Vehicles Table
Marketing Vehicle Frequency Cost/Month
Example 1 

Social Media: Facebook and Instagram

2–3 times per week $600 per month
Example 2 

TV Stations: Local Station, WTC

1 time per week $1,000 per month
Example 3 

Free Samples

2 events $500 per month
 
 
 
 
 

 

Copy and paste the Marketing Vehicles Table into the discussion area.

Complete the Setup worksheet in the Business Plan Financials Excel Template according to the instructions in the guidelines.

Snack Food Company Guidelines [DOCX].

Company of Your Choice Guidelines [DOCX].

Input the marketing vehicles’ costs into the appropriate areas of the Marketing Budget worksheet in the Business Plan Financials Excel Template.

Attach the entire Business Plan Financials Excel Template to the discussion thread before clicking Submit.

Post at least one substantive comment to another student’s post.

Notes

Textbook Chapter 10, “Marketing Plan & Sales Strategy,” pages 163–194, provides additional detail about this topic.

You will use the:

Marketing vehicles information from this post in your Week 5 assignment, Marketing Plan and Budget.

Information from the Setup and Marketing Budget worksheets in Section 2 of your Week 5 assignment.

If you are new to Excel, you may want to view these LinkedIn Learning courses on working with Excel. These courses focus on performing data entry in Excel.

Build Your Foundation in Excel [Video].

Getting Started with Microsoft Excel [Video].

You may also find these LinkedIn Learning courses on how to interpret a business’s financials useful:

Finance Essentials for Small Business [Video].

Finance for Non-Financial Managers [Video].

Finance Foundations for Solopreneurs [Video].

You may also find Stephanie Morrow’s article “Cost of Marketing: What Is the Average Budget?” on how to set up a marketing budget helpful to complete this discussion and your Week 5 assignment.

Important notes:

1. Complete the table in Word and then copy from there and paste it in the discussion window.

2. DO NOT attach the Word document to the discussion window.

3. With your response, include a brief description of your company: name, what business you are in, and the products or services you offer for

 

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