Table of Contents INTRODUCTION...........................................................................................................................1 TASK..............................................................................................................................................1 1. Company Products or service..................................................................................................1 2. Price of product.......................................................................................................................1 REFERENCES................................................................................................................................3
INTRODUCTION 4P's marketing plans is crucial tools that help to understand what service and product will offer to customers and how to plan for successful goods offering. It is most commonly executed through the 4P's like, Price, Promotion, Products and Place (Londhe, 2014). The present report is based onHollister Concept store organization that often advertised as Hollister. This unit explain products and service of company and purpose for introducing in new market. It will clarify price of that goods and deliver process that supply things to customers. Furthermore, it justifies methods of telling consumers about facilities and products of company that attract them towards firm business functions. TASK 1. Company Products or service Hollister is an American life style brand owned by Abercrombie & Fitch Co in which their concept is originally planned to attract customers aged 14 to 18 at lower price point. They manufacture clothes for teens in U.S. Company produce jeans, jackets, body care, swimwear, shoes, dresses, pins, belts, perfume and sunglasses to its customers. Organization want to expand their business in South Africa whether they provide range of their products or service. They manufacture its products according to clients needs or wants that have clear grasp of exact goods (Nuseir and Madanat, 2015). They produce unique goods that help to make business successful in marketplace. Expanding business in S.A is appropriate because in that country do not have range of these products or brand that provide satisfaction to them. In country people required different and unique goods or service which give proper atonement of purchase. Within doing this procedure Hollister gain its desired goals and objectives and achieve best results. It processes increase their probability and productivity more than others. Organization identify customers wants and requirements than produce products by focusing on their production function which make it unique or different from the another company products. 2. Price of product Hollister needs to expand its products or services in South Africa where they offer each product by setting good prices. This market strategy attract people towards them that will increase their profit margin more and more. They offer goods in their stores at affordable charges that garb the attention of clients as well as new peoples. Mainly company designed clothes for teen aged and sale it at lower prices points like casual wears. Prices of goods is the major 1
attractionpointthathavetoconcentratedbyHollister(ZhuandSarkis,2016).After manufacturing good quality products firm make pricing decision in which they set charge of each things. It will impact supply, profits margins, marketing strategy and demand of customers. This stage will influence in place and promotion functions of company. Firm using different pricing strategy for selling service or product. They set price to maximize probability for each sold unit thatincreasetheirmarketshares.Pricingstrategytakesintoaccountsegments,market conditions, ability to pay, competitors actions and input costs. 3. What will be the delivery channel of Hollister in South Africa? The distribution channel or Place of getting the products and services of Hollister will include the proper setting up of the suitable outlets and other accessories stores within the various cities of South Africa in order to improve their reach for its customer's (Azeem and Sharma, 2015). It will help in processing the operations services that will lead to the rise in carrying out of the operations and thus, supports a good rise in revenue generation of the organisation. Different delivering approaches can be undertaken by the organisation that involves following measures of placing the delivery of products or services of Hollister are: Direct Selling: This approach involves the company to sell and offer its clothings and other accessories to the potential customers in South Africa. It helps in gaining pure revenue without any involvement of third name in distribution channel. This involves the setting up of a dedicated showroom for the organisation. Selling through intermediaries:It involves the approach of involving the third party or an intermediate between the customers and Hollister. This can involve the setting up of an outlet in a shopping complex or mall. 4. Promotional techniques to be used by Hollister in South Africa Hollister will help in proper planning of the promotional operations that will lead to the setting up of the operations that will lead to the rise in setting up of effective promotional facilities that will impact the operations and thus will help in carrying out of the facilities in most effective way that will lead the firm to improve the sales and overall profitability. As the organization is entering within a new marketplace in a foreign country, support from the marketing agencies will help in improving the promotional facilities that will help in improving the awareness and customer base of the company (Cioffi and Manrai, 2015). Besides this, the print and digital media like TV and Radio commercials, Newspaper and pamphlets can 2
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be distributed that will help in improving the overall operations and setting up of the effective advertising of the clothing's and services. Besides this, social media platform and direct marketing can be followed that will help in improving the overall advertising or promotion of the selected fashion clothing enterprise and this will help in improving the overall customer base and revenue generation of the organisation. CONCLUSION On the basis of the effective assessment of the business operations and other facilities that are been carried out at the organisation that will help in improving the operational capabilities of the organisation that will lead the firm to set suitable growth measures and of selected clothing companywithintheorganisation.Thiswillhelpinplacingtheproperpromotionaland distributional facilities. Besides this, it will lead the organisation to set effective measures and thus will lead the organisation to have high level of operation's and improving the performance of the organisation on a greater level. Besides this, effective and proper pricing and production measures are been carried out that will help in improving the overall sales of the organisation that will help in setting or establishment of the growth measures of the organisation. 3
REFERENCES Books and Journals Azeem, S. and Sharma, R.R.K., 2015. Elements of the retail marketing mix: a study of different retail formats in India.The Business & Management Review.5(4). pp.51. Cioffi, D.J. and Manrai, L.A., 2015. Marketing of Antique Product Labels: Anomalies and Challenges. InProceedings of the 1997 World Marketing Congress.pp. 314-315. Springer, Cham. Londhe, B.R., 2014. Marketing mix for next generation marketing.Procedia Economics and Finance.11.pp.335-340. Nuseir, M.T. and Madanat, H., 2015. 4Ps: A strategy to secure customers' loyalty via customer satisfaction.International Journal of Marketing Studies.7(4). p.78. Zhu, Q. and Sarkis, J., 2016. Green marketing and consumerism as social change in China: Analyzing the literature.International Journal of Production Economics.181.pp.289- 302. 4