MKT 421T Wk 4 Team – Apply: Marketing Lemonade Worksheet | eBooks | Education

MKT 421T Wk 4 Team – Apply: Marketing Lemonade Worksheet

MKT 421T Wk 4 Team – Apply: Marketing Lemonade Worksheet PLDZ-12983 Free
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MKT 421T Wk 4 Team – Apply: Marketing Lemonade Worksheet

Your team is looking for a way to earn some revenue as either a for-profit or not-for-profit organization. This organization can market locally, nationally, or internationally. The product that you have decided to sell is lemonade. To make the endeavor work, you will have to define a marketable form of the drink and decide on a target market. 

 

Your marketing team's mission is to prove through research, strategy development, and reasoning why this form of this product is viable and will meet the company's goals. In this first half of the project, you will be reporting about the target market, the product's definition to the target market, the viable pricing strategy, and the brand's position in the competitive environment. 

 

Complete the Marketing Lemonade Worksheet.

 

Submit the team assignment.

Marketing Lemonade Worksheet

Scenario

Your team is looking for a way to make some revenue as either a for-profit or not-for-profit organization. This organization can market locally, nationally, or internationally, and can be a privately-owned company or a franchised organization. The product that you have decided to sell is lemonade. To make the endeavor work, you will have to define a marketable form of the drink and decide on a target market.

Your marketing team's mission is to prove through research, strategy development, and reasoning why this form of this product is viable and will meet the company's goals. In the first half of this project, your team will complete this worksheet to report on the following:

  •  Target market
  •  Product’s definition to the target market
  •  Viable pricing strategy
  •  Brand's position in the competitive environment

Complete the Following

Select a company name and determine the real business world industry of operation.

Company Name

Industry of Operation

 

 

Describe the new and unique form of lemonade that will be launched by your company in no more than 90 words.

 

Complete the chart describing your organization in no more than 90 words.

Industry of Operation

Mission and Values

How Is Your Organization Different from Other Organizations?

 

 

 

Identify the composition of the target market and segmentation criteria in no more than 90 words each.

Composition of Target Market

 

Segmentation Criteria Used in Identification

 

Describe how you will define the lemonade to your target market (including information on packaging, labeling, etc.) in no more than 90 words. Determine how this adds value and differentiates the brand and product from the competition while encouraging the target market to buy.

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