Week 5: Price Strategy/Breakeven Analysis (50 points)
One of the most challenging decisions faced by marketers is setting the price for their products and services. In order to select the right price, you need to ensure that you’ll be able to cover your costs and meet customers’ needs at a price that they are willing to pay. You will need to perform a breakeven analysis to determine the best price. Chapters 13 and 14 outline six steps that organizations follow to set price. Follow these six steps (as listed on page 322 in the text) to set prices for your product or service and perform a breakeven analysis. Submit your price strategy/breakeven analysis via the Week 5 Dropbox for grading and feedback. Be sure to incorporate any feedback provided by your instructor into your final Week 7 Course Project.
Week 7: Final Marketing Plan (230 points)
Submit your completed Marketing Plan. It should include all sections listed in the marketing plan outline, which is in Doc Sharing. It should include headings for the various sections of the marketing plan. APA format should be used, and a bibliography is required. Be sure to list all references that you consult (both print media and online).
See the Syllabus section “Due Dates for Assignments & Exams” f
BUSN319 MARKETING PLAN OUTLINE
A.Cover Page
1. Marketing Plan for Organization/Company name:
2. Proposed by:
3. Submitted to:
4. Date:
B.Table of Contents Pages
1... Executive Summary....................................................................................................... 1.0
2... Company Description..................................................................................................... 0.5
3... Strategic Focus and Plan................................................................................................ 1.0
a. Mission/Vision Statements
b. Goals
c. Core Competency and Sustainable Competitive Advantage
4... Situation Analysis............................................................................................................ 1.0
a. SWOT analysis
· Internal Strengths and Weaknesses: Management, Offerings, Marketing, Personnel, Finance, Manufacturing, and Research and Development (R & D)
· External Opportunities and Threats: Consumer/Social, Economic, Technological, Competitive, and Legal/Regulatory
b. Industry Analysis
c. Competitor Analysis
d. Company Analysis
e. Customer Analysis
5... Market-Product Focus.................................................................................................... 2.0
a. Marketing and Product Objectives
b. Target Markets
c. Points of Difference
d. Positioning
6... Marketing Program......................................................................................................... 2.0
a. Product Strategy
b. Price Strategy
(i) Breakeven Analysis
c. Promotion Strategy
d. Place (Distribution) Strategy
7... Financial Data and Projections....................................................................................... 1.0
a. Past Sales Revenues
b. Five-Year Projections
8... Organizational Structure................................................................................................. 0.5
9... Implementation................................................................................................................ 1.0
10... Evaluation and Control.................................................................................................... 0.5
11. Bibliography
Solution: devry busn319 full course project [ week 1, 4, 5, 7 0 ]