Barbecue Blues Sauce Company

306 Words2 Pages
Case 1 Barbecue Blues Sauce Company 1. As small companies such as The Barbecue Blues Sauce Company achieve success, they inevitably move toward more formulated marketing, where they utilize all marketing tools at their disposal. Marketing strategy focuses on long-term company objectives and involves planning marketing programs so that they help a company realize its goals. Companies rely on marketing strategies for established product lines or services as well as for new products and services. Base on the information provided in the Executive Summary, I recommend the new formulation of barbecue sauce be marked, in addition to the original sauce, through retail grocery and specialty food market because, in the Executive Summary, 83% of study participations claim to use barbecue sauce at home and the average number of times in the last month barbecue sauce was used while cooking at home was 2.67. Especially 52% reacted favorably to new barbecue sauce. Marketing is the process of focusing business on the customer in order to continue providing goods or services valued by consumers. Marketing includes a plethora of decisions that affect consumer interest in a company: advertising, pricing, location, product line, promotions, and so forth. The majors concerns of marketing are usually referred to as the "four Ps" or the "marketing mix": product, price, place, and promotion. 2. I choose the new barbecue sauce name to be “Spicy Blend” because, in the Executive Summary, 53% of reacted favorably when “Spicy Blend” was the subbrand name and 49% reacted favorably when “Chicago style” was the subbrand name. Although approximately 45% indicated they would likely to purchase the new barbecue sauce when “Chicago style” was the subbrand name, the company needs actual consumers who are going to buy their new product. The company does not have to think too much about those who

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