Market Planning and Control Essay Example | Topics and Well Written Essays - 1750 words

Market Planning and Control - Essay ExampleIn addition, commercializeers postulate to know any other information that would persuade customers such as health claims, celebrity and expert information. In marketing food products like sandwiches and downlike drinks, the marketing strategy has a direct connection with the buying and eating habits. An example is about what the scientists say about eating high fibre foods and diminution cancer risk or eating foods with saturated fats and heart problems.Developing the format of a marketing plan is the first step in fashioning a marketing strategy. The plan should include the objective and business mission situation Analysis the aims of the marketing strategy strategic and tactical procedures the budget and government agency of analysing performance and contingencies (Aitken 2004).The first step is to describe the challenge i.e. product to be marketed in this case, the products are sandwiches, cold and hot drinks. Situation analyses in clude several aspects, foe analysis, SWOT analysis, company analysis and customer analysis. The food industry in London is usually very efficient focussing on the customer requirements in terms of culture, taste and other aspects like scientific information about foods and eating habits. ... All these are obtained through market analysis of market portion and position. As London develops even more(prenominal), diversity and consciousness on food is also increasing, the city has many restaurants with many educated and middle class state adopting healthy eating (Aitken 2004). On the other hand, the poor are getting worse. Market Analysis Market analysis is very complex undertaking in particular in the current society where people are more educated, health conscious and open minded. It is therefore very important to study all aspects that suggestion to purchase of food ranging from nutrition information buyer behaviour, price and event psychological aspects. The best place to fin d information is from the companys SWOT analysis where market segmentation can be determined by the way the buyer use the products, their requirements, pricing, and how to access them(Aitken 2004). In business it usually very hard to comply up with a distinct marketing strategy provided the best strategy should involve the use of a Marketing mix that addresses the 4 Ps i.e. Price, Place, output and Promotion. Making decision about the product should bear in mind the advantages and method of control. Quality is most important feature of any product and should not be compromised upon other aspects would include branding, and packaging. Pricing is also a factor and when making the price tags, it may have to include discounts or offers to attract more customers. Fast foods in London market have a variety of delivery form hence distribution is not so difficult however sandwich and soft drinks business can opt for delivery services and takeaway services. (Aitken 2004) Nutritional infor mation, culture and other scientific data play a very critical