Food Waste Recycling: Profile attached to sustainable offering
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Added on  2022/10/19
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This article discusses the implementation of marketing principles in food waste recycling. It covers sustainability benefits, environmental analysis, SWOT analysis, market and customer analysis, information needs, and influencers on consumers.
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MARKETING PRINCIPLES1 Implementation of Marketing Principles By (Name) Name of the Course Name of the Instructor Institutional Affiliation City and Date The final date of Submission
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MARKETING PRINCIPLES3 Environmental analysis Political-There is quite a number of government policies that are concerned with environmental pollution and as a result, there are those that are concerned with promoting issues associated with sustainable development together with the living standards of various personalities (Wikström,Williams and Venkatesh 2016) Economic factors- Economic factors which include high tax rates is capable of affecting is capable of affecting the rate of performance of food waste recycling due to high price of various parameters used in the entire process. Social- In this modern society the way various people live their lifestyle is capable of influencing the rate at which waste food is being produced. Awareness across various personalities regarding environmental protection techniques is a condition that has been declining over the past years. Technological factors- The rate at which technology is developing in this modern society is quite interesting and as a result, it is much easier to implement various technologies like green energies that are likely to be attained through food waste recycling techniques. Environmental/ Ethics-In order to become sustainable, there is the need to implement good eating habits to reduce the rate at which various types of food are being wasted within the surrounding environment. Legal- factors such as health and safety issues should be placed into consideration to create awareness on how this is connected to food waste thus minimizing the occurrence of the whole situation.
MARKETING PRINCIPLES4 SWOT analysis Strengths-The food waste recycling process is known to be cheap and environmentally friendly when it comes to its operation. Weakness-Since it is full of new ideas, it has not gained much popularity compared to various forms of technologies like the green energy. Opportunities- There is the need to carry out an expansion to newer market regions where food waste recycling has not gained much popularity. Threats-There is a high probability of facing a lot of competition from quite a number of technologies that are currently emerging Market and customer analysis Market type-The waste food recycling is designed for the consumer market with the major ones being the domestic food consumers. Market type- It cuts across all market types which include local, regional, national and international market platforms thus targeting different personalities. Customer need- More customers are becoming aware of the effects of unsustainable products that are dangerous to the surrounding environment thus developing the urge to behave in a sustainable manner. Food consumers that are found within the market platforms are quite
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MARKETING PRINCIPLES5 interested in becoming green to the surrounding environment irrespective of the size of their habitats. Market share and growth-It is clear beyond any reasonable doubt that the market share of sustainable products and services is currently increasing across different categories due to the ability to gain popularity. Information needs There is around 40% market share across all domestic homes that are known to have the capability of experiencing issues related to food waste. Influencers on consumers Food waste recycling is known to be providing the fourth tier since it helps the âegoâ with the recycling presenting a sign of new innovative process (Mourad 2016). Moreover, the external consumers in relation to the physical environment of the consumers will be manure which does not have a negative impact to the surrounding environment.