Beverage Information Group
Complete the Marketing Plan Exercises at the end of each assigned chapter. These exercises will be the building blocks for your final project, a marketing plan. You will do each exercise on the same enterprise. Your enterprise strategy may be: 1) real, emerging, or imaginary; 2) product or service oriented; and 3) for profit or non-profit. The target market may be anywhere in the life cycle from innovation to maturity. Read each Marketing Plan Exercise description in its entirety, below is a brief description of what is required.
Chapter 4: Conduct macro-level market and industry analyses of the market offering on which your plan is based.
For the market offering on which your marketing plan or consulting project is based on, use Internet and other available secondary resources to conduct macro-level market and industry analyses. Your analyses should include a macro trend analysis encompassing all relevant macro trend categories and should uncover quantitative data that provides evidence of the size and growth rate of the overall market, as well as qualitative data regarding the five forces. You should also identify, if you can, the few critical success factors that apply in your industry.
Chapter 5: Prepare a detailed plan for conducting the primary research required to complete your final marketing plan.
Prepare a detailed plan for conducting the primary research required to complete your project. The research plan needs to do three things:
Precisely spell out the research objectives the research is intended to meet.
Design the research to get you there. Identify your methods, your sample, and any statistics (means, etc.) you will employ. Prepare drafts of questionnaires, guides for focus group sessions or in-depth interviews, plans for how you will conduct observational research, etc.
Describe how the combination of your secondary research and your planned primary research will lead to your estimate of target market size and your sales forecast for your marketing plan. Precisely spell out the mathematics that will do this, connecting it to specific secondary data or specific answers to questions or observations from your primary data.
Your research design should clearly identify and satisfy your research objectives, and appropriate qualitative and/or quantitative research should be competently designed.
This section needs to be a minimum of 4 pages (each 300 words). Ensure good grammar and quality. There should be good flow of work in the paper and ensure to use subtitles (check correct apa formatting of titles). Use correct apa formatting and provide the references for the work.
Use the same product used in part 1 of the plan.
…………………….Answer preview…………………………..
The wine industry in the US has had an upward trend for 19 years consecutively. Recently, the Beverage Information Group released reports citing that the Wine industry had grown by 1.9% in 2012. Further, consumption of domestically produced wine grew by 2% while that of imported grew by 1.5%, this is especially so with premium-priced wines………………………………..
APA
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