This presentation discusses the importance of marketing in promoting goods and services, and provides a marketing plan for TK Max, an American clothing and apparel company. It includes the company profile, mission and vision, objectives, situational analysis, SWOT analysis, and conclusion.
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Marketing Essential P4
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Cover Content •Introduction •Produce marketing plan for TK MAX •Conclusion •References
Introduction Marketing the most important business activity as it helps in promoting goods and services at market place so that customers can purchase them thus enhancing their overall sales and profitability ratios. There is always exchange process in which seller sold the goods to customers and buyers buys the products in exchange of monetary values.
Marketing Plan For TK Max A marketing plan can be determined as that process which is essential for developing and formulating services effectively so that specific goals and targets can be accomplished in organised manner. For developing marketing plan, there are various components which helpinaccurateplanningsothroughthistheycanachieving predetermined objectives and goals in effective manner.
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Company profile TK MAX is the American clothing and apparel company which was established in the year of 1994 and its co founder was Berbard Camerata in United States. The company is mainly deal with large number of effective products and services that includes cloths, footwear, bedding and home appliances etc. there are different shops and stores which are around 400 of TK MAX at various nations such as Poland, Germany, UK, Australia, etc. in this such stores are regulated and operated.
Mission and vision of TK MAX Mission– The main aim of this company is to became more favourite place in which buyers are need to visit for purchasing specific goods and services so that they will satisfied their potential needs and wants in better manner. Vision– This is required for set the organisational vision which has been achieved by them as TK MAX need to became world largest retail industry within an enterprise.
Objectives of TK MAX The major motive of this company is to produce best quality based services and products for their buyers so that they can feel satisfied. This company is trying to improving the quality of chocolate by additional and unique features in better manner TK MAX is the retailing company is concentrating on expanding theirbusinessoperationsandfunctionssothiswillhelpin achieving desired goals and objectives
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Situational analysis In this analysis, the organisation can maintain and developing plan by determining various environment conditions and situations. It is essential for identifying and finding within the market place and theirsituationbyconductingresearchorsurveysotheyare gatheringandcollectingdatatowardsanalysingwholemarket environment.
SWOT analysis Strengths The company are mainly concentrate on giving best quality based goods and services so that buyers can satisfied in effective manner. TK Max company sell their goods and services at cheap rate so that buyers can afford and satisfy their requirements and needs in proper manner.
Contd.. Weaknesses The major weak point of this company is to sell seasonally goods and services which are restricted for keeping various goods in the large market place. There are different goods and services that are not selling by TK MAX due to some season.
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Contd.. Opportunities There are different opportunities for the firm as they can increasing their growth and success for achieving competitive advantages for providing products and services during recession time so that buyers can satisfying their potential needs and requirements in effective manner.
Contd.. Threats There are large number of rivals which are available in the global market which are biggest threat for the firm. Other threats are variable in fluctuating due to environmental factors which directly impact on economy.
Conclusion Marketing is an important concept in a business organisation which is define as a process of advertising and promoting brands. In this process, managers of a company use various tools and techniques for attracting minds of customers towards its products or services
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References Brassington, F. and Pettitt, S., 2013. Essential of marketing. Cleverley, W. O., 2017.Essentials of health care finance. Jones & Bartlett Learning. Clow, K. E. and James, K. E., 2013.Essentials of marketing research: Putting research into practice. Sage.