This presentation discusses the marketing plan for Foodland Supermarket, including their products and services, objectives, target market, SWOT analysis, and marketing mix.
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Marketing plan
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Products or services oforganisation Foodland supermarket has variety of products in their portfolio to gain more profits along with greater market share in industry. It isnowofferinginseveralproductsrangethatincludes beverages, fruits, vegetables, cleaning items, groceries etc. This market also provides an opportunity of buying all daily needed items at one place. This kind of purchasing saves time of a consumer and he does not need to visit so many places to purchase different products. This store is having high sales as it is operating moderately its business with many variants. It is known for its quality service that a consumer can order food and other products online and can get those item at their desired location.
Objectives with the products or services Foodland is running their business activities in many alternates and also serving best quality services like online food delivery services along with providing recipes. Whenstore was recently launched it had its vision that they put their customers at top priority because they are main attribute to company's growth and success. Nowadays whenstore is employing more than 2500 employees into their firm but their motto is still same as it was in earlier time. Company wants to serve their clients with extraordinary services to gain prestige and satisfaction of their clients as they thought a satisfied customer can generate more business and benefits to them. Their missions are to fulfill all customer need at the same time.
Primary and Secondary target market Company segmented their market as primary and secondary. They mainly targets people between age group of 24-59. In this age generally people works and they want their time saved that is why they uses supermarkets to purchase all daily needed products at sameplace.Theylessfocusesonchildandolderagegroup products. They consider them as their secondary market. They segmented their target market with help of deep market research by a trained researcher. Main motto of company is to segment heir products into sub variants to offer them in well settled manner. In earlier era they when they started their operation main target market for them is grocery shoppers but as time passes they grow very rapidly and now they are serving many people at same time with different type of products.
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SWOT Analysis Strengths Their main strengths is that they keep open theirmarket even in nights or for whole nights everyday. This kind of their behavior stand them apart from their rivals in FMCG and services industry. Weaknesses Many international companies also made entry in Australian market thatiswhycompetitioninindustryhasbeenincreased.With assistance of this retail store is facing so many hurdles in their growth path.
Opportunities TherearemanyopportunitiesthatFoodLandcanavaillike launching of new products in existing markets as well as they can usevariousvariationsinexistingproductstomakethem competition ready. Along with this they can identify new target market whether in local region or in new country. Threats Competitors are using new and improved technologies to make them up to date as well as to match consumer demands that is increasing andchangingveryrapidly.Efficienciesofemployeesofother corporations are also very high that is also a treat for FoodLand.
Marketing Mix Product:This is basic element which consists of tangible and intangible products offered by companies to fulfill customers need and want. This help them to earn adequate profit through which they are able to carry out business activities adequately. As, FoodLand super market provides different types of food items to customers so that they are able to earn sufficient revenue for their firm. Price:Organisationis required to determine appropriate rates to products, so that they are able to induce people to purchase according to their need and want. So, superior require to set competitive price through which they are able to position themselves superior than rival firms. FoodLand offer variety of products which are of different ranges, so that they are able to attract large number of customers
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Promotion:Companies require to use various advertising tools; through which they are able to provide information to people about their products and induce them to purchase. If people are aware about existence of particularfirm,thentheywilleasilyvisitthemaccordingtotheir requirements. FoodLand uses various devices to attract large number of people. This help them to compete with other rival companies. Place:Firm can increase their customer base, if they have opened branches in different countries. This will advantage companies to enhance their profitability by catering need of numerous people. FoodLand super market had situated their outlets in various nations, so they are able to offer items to huge population and thereby earn adequate revenue for their business
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