Kudler's Future Success. The Importance Research Paper

PAGES
6
WORDS
1632
Cite

Because one of Kudler's methods of differentiation is their convenience with one-stop shopping for gourmet needs, it's important that they locate their stores in areas where marketing research has shown a high percentage of consumers that would likely appreciate this convenience and have a need for gourmet products. For this reason, store location is one of the most important marketing strategies the organization can employ.

Lastly, promotion is another element in the marketing mix, which is more difficult to change.

For this reason, it's important that Kudler pay particular attention to this facet. Promotion determines how the product is physically distributed as well as sales and marketing aspects.

This impacts the organization's strategies and tactics by determining how they will attract customers and how their customers will get their products. Choosing an ineffective promotion strategy will result in reduced sales and profits.

Conclusion:

Kudler Fine Foods is on the path to success. They already have three well-established stores...

...

Marketing strategies and tactics are going to be critical to Kudler's continued growth and development. Through market research, competitive intelligence and the four aspects of the marketing mix, Kudler can better position themselves to take advantage of emerging opportunities, as well as thwart any emerging threats.

Sources Used in Documents:

References

Competitive intelligence. (6 Jan 2007). Retrieved January 8, 2007, at http://en.wikipedia.org/wiki/Competitive_intelligence.

Garvin, A. (15 Sept 2005). Evolve approach to serve complex market. Marketing News, 39(15). Retrieved January 8, 2007, from Business Source Complete database.

Frequently asked questions. (No date). Retrieved January 8, 2007, at http://www.scip.org/2_faq.php.

Kudler Fine Foods. (No date). Retrieved January 2, 2007, from https://ecampus.phoenix.edu/secure/aapd/CIST/VOP/Business/Kudler/Internet.


Cite this Document:

"Kudler's Future Success The Importance" (2007, January 09) Retrieved April 19, 2024, from
https://www.paperdue.com/essay/kudler-future-success-the-importance-40694

"Kudler's Future Success The Importance" 09 January 2007. Web.19 April. 2024. <
https://www.paperdue.com/essay/kudler-future-success-the-importance-40694>

"Kudler's Future Success The Importance", 09 January 2007, Accessed.19 April. 2024,
https://www.paperdue.com/essay/kudler-future-success-the-importance-40694

Related Documents

Kudler's advertising and marketing in its present form is through the Easter and Thanksgiving holidays with the local newspaper flyers every month. Marketing is a key component of a successful business and KFF should consider different methods of involving the community. For example, television advertising, Internet, radio stations and more promotions are viable. Secondly, employees must be sufficient time for KFF to obtain benefits. Many organizations have begun to

As the elasticity of demand for their products is flat Kudler could easily increase prices on new products and consumers would still buy them. They are missing out on a major opportunity to drive up profitability as a result. Customer's Preferences for Selection and Unmet Wants Large-scale retailers often rely on a framework of research to define the preferences and unmet wants or needs of customers by segment and audience (Thompson,

Communications Plan Developing and Managing an Effective Marketing Communications Plan The chief focus of an effective communications plan for any company is the customer. Today's customers have high expectations for offerings that not only satisfy their needs, but also reflect their individual tastes and preferences and provide superior value. In a highly competitive marketplace, companies must consider the importance of meeting and exceeding these expectations in order to win new business and