How is your product different from that of your competition

Assignment Help Business Management
Reference no: EM131402626

Assignment

Sea Food Restaurant is a seafood preparation and supply company based in Florence, Oregon, United States. The restaurant specializes in seafood dishes and seafood cuisine, such as shellfish and fish. Main course dishes include freshwater fish. The business is founded on the basis of preparing and serving fresh seafood, accompanied with drinks and other supplements. Additionally, the restaurant will provide retail sales of seafood that customers can prepare from the comfort of their homes. The company intends to take advantage of its close proximity to the lake to provide the most delicious sea foods to its highly esteemed customers across Oregon. Florence is a coastal city in the county of Lane. The location of the restaurant lies at the mouth of the Siuslaw River on the famously known Pacific Ocean, and it is also midway Coos and New point Bay, along the United States Route 101. The population of the region is approximately 9,466 people, according to the 2015 statistics, which means it is prime for business.

Top 20 Questions (Marketing Primer)

The answers to these questions can be used to create an initial summary of the status of your business, which can be used as source material for your marketing and sales materials (for example, brochures, advertisements, company background, etc.).

1. What type of business do you have?

2. What is the purpose of your business?

3. Who are your target customers?

4. What is your primary product / service?

If you offer more than one product / service, focus on your primary or main one or ones.

5. What is the primary function of your product / service?

6. What are three unique benefits of your product / services?

7. What is your reason for being in this business? (What's a nice person like you doing in a business like this?)

8. What led you to develop your product / service?

9. Who is your competition?

List both direct and indirect competitors.

10. How is your product different from that of your competition?

11. What are the top three objections to buying your product / service immediately?

Address any possible objections up front. This will keep you from having to be on the defensive, acting like you overlooked something or have something to hide.

12. What is the pricing of your product versus your competition?

13. When did you first offer your product or when will your product be available?

14. Is this product / service used in connection with other products / services?

15. Are you making any special offers to distributors or customers?

16. What is the key message or phrase that describes your business?

Try to keep the key message to one sentence.

17. What are your current plans for advertising and promoting your product / service?

18. Do you have datasheets, brochures, diagrams, sketches, photographs, related press releases or other documentation about your product / service?

List all of your marketing collateral materials. If you do not presently have any, determine what materials you will develop and the dates when you will have them available.

19. How will your marketing assist the growth of your business?

20. Do you have the marketing and sales management expertise needed to achieve your business goals?

List the names of your sales and marketing managers and their qualifications.

Reference no: EM131402626

Questions Cloud

What is the power of the test : a. What is the power of the test if the medication has a 5-point effect? b. What is the power of the test if the medication has a 10-point effect?
Summarize the results of the hypothesis tests : Conduct a test of hypothesis to determine whether the average height of Australian boys who repeated a grade is less than the average height of boys who never repeated. Use α = .05.
What is a small open economy : In the second model in this chapter, what are the determinants of the current account surplus, and how does each of these determinants affect it?
Discuss the nuclear reactions within the reactor : Discuss the nuclear reactions within the reactor of a nuclear power plant? Contrast the Three Mile Island, Chernobyl, and Fukushima Da-Ichi incidents with respect to the cause of the incident and radiation levels measured after the incident
How is your product different from that of your competition : How is your product different from that of your competition? What are the top three objections to buying your product / service immediately? What are three unique benefits of your product / services?
Discuss interrogation tactics that lead to false confession : Discuss interrogation tactics that lead to false confession, specifying at least two examples and explain the reason they are considered coercive. Include information about how this would look in an actual interrogation and how the client experien..
Interval estimate for the population mean : a. What assumption regarding the population is necessary for making an interval estimate for the population mean? 1a. Assume that the central limit theorem applies or 2a. Assume that the population has a normal distribution
Discuss the role of communication in businesses : How could this message be communicated in another, better way? What does this example tell you about the role of communication in businesses when resistance is involved
Discusses the implications of your general leadership views : Defines leadership and management. Defends or criticizes the view that leadership and management are different concepts. Gives specific examples that support your position. Discusses the implications of your general leadership views.

Reviews

Write a Review

Business Management Questions & Answers

  Question about managing people

Rebecca thinks that these new standards are only for those in Denver at the corporate office. She thinks that for people out in the world at the stores, style and personal branding are important to the Axis Inc.

  Explain organization''s achievement of its goals

Managers as well as employees alike must not have personal interests that conflict with the organization's achievement of its goals. Battles of interest

  Alternative between mediation and arbitration

What do you think is the better alternative between mediation and arbitration and why?

  Calculating financial ratios

Vital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.

  Marketing plan for antivirus software company

To conclude your marketing plan, in Assignment 3, you will describe the company's, marketing strategy, implementation strategy, expansion plan, social media strategy, monitoring methods, and integrated marketing communication strategy.

  Pmi practice standard for work breakdown structures

If there are 10 different project managers in a room, there are probably 10 different ideas on what a good WBS should look like. Go to the source, the PMI Practice Standard for Work Breakdown Structures, and review the established quality standard..

  Research on this incident and consider

Conduct your own research on this incident and consider the error types addressed in this week's lesson. Thinking of data interpretation, how would you categorize the decisions made?

  Green and sustainable managementwhen considering

green and sustainable managementwhen considering sustainable business practices many people first think of energy usage

  Securing data is of critical importance for all businesses

Securing data is of critical importance for all businesses in today's digital world. In securing data, the three goals are confidentiality, availability, and integrity. What do these terms mean? Can you define and distinguish between these concepts?

  Characteristics of five basic modes of transportation

Compare and contrast the operating characteristics of the five basic modes of transportation. Define the roles and responsibilities of the participants or parties of the transportation system. Describe the principles of economies of distance, weight,..

  Career goals and assessing the mshrm program

Develop a timeline for your most important career goal(s) over the next five (5) years. Describe any formal training, certifications, or other skillsets you must obtain in order to achieve these goals.

  Description of health care management

Whether third party payers reimburse at the same level for services rendered by psychiatrists and psychologists and psychologists' concerns about reimbursement levels from third party payers

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd