Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Competency: Identify the characteristics of the target clientele - 01BT Elements of the competency Performance criteria 2. Select a target group. 2.1 Precise measurement of

Competency: Identify the characteristics of the target clientele - 01BT

Elements of the competency

Performance criteria

2. Select a target group.

2.1 Precise measurement of the attractiveness of each of the groups

2.2 Detailed analysis of the demographic

characteristics of different groups

2.3 Correct interpretation of statistical data

2.4 Precise identification of the market potential of the target group

Assignment details

M is a full product line of organic milk made in Canada. The products are sold in Quebec and Ontario and made according to a process centred on environmentally-friendly farming practices.A 250 ml serving of M biological milk provides between 27% and 29% of the recommended daily allowance (RDA) of calcium and 44% of the RDA of vitamin D.

M products are sold in all grocery stores, in the organic products section, or the dairy section. They come in carton format (1 or 2 litres), or in 4-litre bags: 1%, 2%, skim, 3.25% or 10% cream. M produces high-quality organic milk. Produced in the purest agricultural tradition, M preserves the nutritional quality of the product as well as the environment the product comes from. This line of products subscribes to a global ecological perspective, reflecting a constant concern for individuals' health and wellbeing, without forgetting the soil, plants and animals.

Milk is made by Sunrich Valley, a company of biological certified food targeting organic dairy products. This company, in strong growth, is distinguished by highly developed ecological consciousness focused on the health and wellness of consumers.

Instructions

Describe the target customers of M products.

To find new products or new marketing strategies pay more to drive sales, give at least five new products M could create.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Marketing

Authors: Philip Kotler, Gary Armstrong

13th Edition

0136079415, 978-0136079415

More Books

Students also viewed these Marketing questions

Question

What is job rotation ?

Answered: 1 week ago

Question

LO6.1 Discuss price elasticity of demand and how it is calculated.

Answered: 1 week ago