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Marketing Plan: Situation Analysis & New Product Development Pretend you are introducing a restaurant in Canada. Conduct a study of its consumer target market to

Marketing Plan: Situation Analysis & New Product Development

Pretend you are introducing a restaurant in Canada.

  1. Conduct a study of its consumer target market to include demographics, geographics, and psychographics. Be sure to consider the target market of competing products, and find a niche for yours.
  2. Identify your points of difference and positioning strategy.
  3. Analyze relevant category trends.
  4. Analyze consumer trends.
  5. Perform an environmental analysis including both a SWOT & PEST.

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