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Defining the problem - It contains comprehensive details of the problem/s; Prepare to enter a new market or Launch a new product/service or Start a

  1. Defining the problem - It contains comprehensive details of the problem/s;
  • Prepare to enter a new market or
  • Launch a new product/service or
  • Start a new business
  1. Research the state of the industry

- Client’s status in the current market

  • Information is thoroughly and clearly reported, including such things as the type of product/ service, current marketing efforts, current knowledge about customers and competitors, etc.

- Industry trends

  • Describes how major trends and information helped identify immediate opportunities.
  1. Target Market
  • Target Market Clearly identified by demographics and product/service meets needs/wants of target group.
  • Buyer Profile and Behavior Describes in-depth the buyer in the customer profiles buying roles, buying behavior, and buyer decision making process.
  • Primary Research results (survey or questionnaire) Excellent plan for collection of data justified with many facts from current business environment.
  1. Market Analysis
  • Competition’s SWOT analysis A thorough SWOT analysis is provided, and reasoning for each item in the SWOT is provided and logical.
  1. Analysis and interpreting data
  • Quality of data collected Varieties of secondary data and references used
  • Evaluation of data and evidence of critical and analytical thinking
  1. Marketing decision and strategies
  • Includes the marketing decision or strategies and explains why/how these could be done

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Introduction Defining the issue The biggest issue with aromatic candles is that they are considered a luxury item hence they are more expensive than c... blur-text-image

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