Reference no: EM132195997
Question: Submit a marketing plan (min of 3 pages) for the fictional start-up company -Supreme Travel a Luxury southern California tour agency.
Ensure you provide an introduction for this assignment that is engaging and provides a clear background to the purpose of the assignment.
The format of the submission should be in essay format using subheadings. Use APA format. Additionally, you need to include a minimum of five sources, three of which must be peer-reviewed, academic sources that are no more than 5 years old. The submission should be a minimum of three pages in length (not counting the title and reference pages).
Turnitin will be used to check for originality and I will ask for a Full Refund if the paper submitted is found to have more than 22% match to other students or published work
This unit's submission should consist of the items listed below.
- Provide a segmentation and target market analysis.
- In this section of the marketing plan, you should identify the four criteria useful in segmenting the market and apply them to your company. Explain how identifying the target market is more clearly defined once a marketer has conducted segmentation on the population. Explain several target markets for your company using detailed explanations.
- Include a competitive and industry analysis.
- This section of the marketing plan should identify three or four competitors of your company. These can be direct or indirect competitors. (Note: Not all companies have competitors.) Differentiate each competitor based upon multiple criteria. Additionally, conduct an industry analysis by looking at the health of the industry in which your company resides. Identify whether the industry has grown or shrunk in the last 5-10 years. Explain why understanding the competitors and the health of the industry are important elements of the marketing plan.
- Provide a SWOT (strengths, weaknesses, opportunities, and threats) analysis.
- In this section, you will compile a SWOT analysis of your company. The internal strengths and weaknesses as well as the external opportunities and threats need to be identified and explained (include at least 2-3 elements under each area of the SWOT). The value proposition will be demonstrated through a strong showing in the strengths section of the SWOT analysis.