Mba 502 Marketing Assignment Paper

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RUNNING HEADER: MARKETING ASSIGNMENT Marketing Assignment University of Phoenix MBA 502 Table of Contents Introduction 3 Market Research 5 Figure 1 Kudler market survey results ’06 vs. ‘07 6 Marketing Mix 7 Figure 2 Kudler Marketing Mix 7 Product Offering 8 Pricing 9 Place Defined 10 Promotion(s) 11 Target Market 12 Figure 3 Kudler catering demographic groups 12 Results 13 Conclusion 14 References 15 Introduction According to bnet.com, diversification is “a strategy to increase the variety of business, services, or product types within an organization. Diversification can be a growth strategy, taking advantage of market opportunities, or it may be aimed at reducing risk by…show more content…
Benchmarking is “discovering how others do something better than your own firm so that you can leapfrog the competition” (Kerin, Hartley, Berkowitz, Rudelius, 2006). Using the frequent purchase program, Kudler can collect new data from its customers. Through the use of market surveys, similar to the 2006/2007 market survey, Kudler will be able to determine what its customer catering needs are, if there is a demand for it, the types of pricing the customer would find acceptable and ways in which to promote it, in addition to adding to its marketing mix (also known as market orientation). As with market surveys, Kudler can conduct research on the types of food available on the market and determine what new products are popular with consumers through its food marketing trends studies. Pricing Kudler wishes to offer competitive pricing relative to other caterers. In order to do this, it must develop a successful pricing strategy. Kudler has many pricing options at its disposal; however, the best pricing model Kudler should use is the competition based pricing…show more content…
The next step for Kudler is to identify place. The term place is defined as “the means by which your customer acquires your product” (Marketing for Profits, Ltd., 2004). In the case of Kudler, the place would depend on how it sells its product. Kudler has many choices which range from using the internet, taking orders over the phone or in person (direct sale). The internet – Kudler may add to its website a link to view its catering service, which includes a list of products and prices. The customer at his option may select the type of service he wants and then purchase the service using an online service like PayPal(. If the customer does not want to purchase the item online then he may contact the catering service via phone or directly. The phone – the customer may call the complementary toll free number, speak with a catering coordinator, and discuss the options that are available and in greater detail; additionally, the customer may discuss any concerns or special requests that he may
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