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Introducing the Candy Corner marketing plan, designed to address rising prices and student demand for affordable treats. Our focus is on quality, freshness, and hygiene while keeping prices low – small candy packs at $0.30, large chocolate bars at $1.25, and baked goods ranging from $0.75 to $1.50. Conducted through online and in-school surveys, we project each student will spend $1.00 to $1.50 daily. The recommendations involve enhancing product quality, strategic placement close to students, promotional efforts, and sale pricing to attract consumers.
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Candy Corner A Marketing Plan By: Sukrit Stephen and Sujaay
What’s The Deal • Rising Prices in the Servery • Students wanting lower prices • We are providing; • Quality • Low Price • Freshness • Hygienic
What Information • Online surveys (app 1-4) • In school surveys (app 1-5) • Projected Price • $0.30 for small packs of candy • $ 1.25 for large chocolate bars • A range between $0.75 - $1.50 for baked goods
What Information cont. • Projected Demand • 2-4 small treats per day • 2-4 baked goods per week • Target Market is students of IBT • Projected Sales • $1.00 - $1.50 per person per day
We Recommend • Product • Introducing new ideas not items • Hygiene in the workplace • Freshness of products • Quality of products • Open to new ideas from consumers
We Recommend cont. • Place • Replacing The Commons Corner store • Ability to be close to target market • Channel of distribution • Producer • Wholesaler • Retailer • Us • Consumer
We Recommend cont. • Price • Use sale pricing to attract consumers • Use sale price to reinforce our goals
We Recommend cont. • Promotion • Announcements • Posters and signs • Leaflets and newsletters • Inexpensive advertising for small market