MKT 421 University of Phoenix Week 3 Brizzy Co Marketing Teams Mission Worksheet Your team is looking for a way to make some revenue as either a for-profit

MKT 421 University of Phoenix Week 3 Brizzy Co Marketing Teams Mission Worksheet Your team is looking for a way to make some revenue as either a for-profit or not-for-profit organization. This organization can market locally, nationally, or internationally, and can be a privately-owned company or a franchised organization. Your team will decide what product to sell. To make the endeavor work, you will have to define a marketable form of your product and decide on a target market.
Your marketing team’s mission is to prove through research, strategy development, and reasoning why this form of this product is viable and will meet the company’s goals . Your team must complete this worksheet to report on the following:

Target market
Product’s definition to the target market
Viable pricing strategy
Brand’s position in the competitive environment MKT/421 v18
Marketing Worksheet
Scenario
Your team is looking for a way to make some revenue as either a for-profit or not-for-profit organization.
This organization can market locally, nationally, or internationally, and can be a privately-owned company
or a franchised organization. Your team will decide what product to sell. To make the endeavor work, you
will have to define a marketable form of your product and decide on a target market.
Your marketing team’s mission is to prove through research, strategy development, and reasoning why
this form of this product is viable and will meet the company’s goals. Your team must complete this
worksheet to report on the following:
•
•
•
•
Target market
Product’s definition to the target market
Viable pricing strategy
Brand’s position in the competitive environment
Complete the Following
Select a company name and determine the real business world industry of operation.
Company Name
Industry of Operation
Describe the new and unique product that will be launched by your company in no more than 90 words.
Complete the chart describing your organization in no more than 90 words.
Industry of Operation
Mission and Values
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How Is Your Organization
Different from Other
Organizations?
Marketing Worksheet
MKT/421 v18
Page 2 of 3
Identify the composition of the target market and segmentation criteria in no more than 90 words each.
Composition of Target
Market
Segmentation Criteria
Used in Identification
Describe how you will define the product to your target market (including information on packaging,
labeling, etc.) in no more than 90 words. Determine how this adds value and differentiates the brand and
product from the competition while encouraging the target market to buy.
Definition to Target Market
Differentiation
Compare your company with industry competitors in no more than 90 words for each competitor.
Top Business Industry Competitors
Your Company’s Positioning
Define the pricing strategy that you will use for the introduction of the product in no more than 90 words.
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Marketing Worksheet
MKT/421 v18
Page 3 of 3
Discuss the maturity life cycle stages of your product in no more than 90 words for each stage.
Stage of Maturity Life Cycle
Discussion
Describe how you will use suppliers, agents, or distributors to create your distribution channel in no more
than 90 words.
Copyright 2020 by University of Phoenix. All rights reserved.

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