StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Market for Ajax Foods - Assignment Example

Cite this document
Summary
This paper analyses a test market for Ajax Foods, researchers are going to involve its actual stores and real-life situations of buying, without the customers realizing that they are actually involved in an evaluation exercise. This enables us to ascertain the reaction of the consumers…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Market for Ajax Foods
Read Text Preview

Extract of sample "Market for Ajax Foods"

Market for Ajax FoodsTest marketing is a stage of product development in which a product and its plan of marketing is exposed to a carefully selected sample of a population in order to make a reject or accept decision on a new product introduced in the organization before the new product is fully launched (Booz and Hamilton 31). In carrying out a test market for Ajax Foods, we are going to involve its actual stores and real life situations of buying, without the customers realizing that they are actually involved in an evaluation exercise.

This will enable us to ascertain the reaction of the consumers. Depending on the quantity and quality of sales data required by the president of Ajax Foods for his final decision, the test market will last few weeks.During this test market for Ajax Foods, all the variables in the marketing plan will be tested for the introduction of chicken pies in the grocery stores. We will carry out the test market in “hot deli” section where there are other variables such as competition with the existing products, the varying prices; package and promotion will be introduced on each section used in order to ascertain customer reaction about the new product.

The new product will be left to compete with the existing products. The number of stores we will use will be adequate enough to represent the entire market so that we get actual results on the ground without bias. The customers will be left to make their own decision on purchasing the product (Klan 26).For convenience and efficiency, we will also include internet online tests through the use of surveys in addition to the test branches and sections, when testing the new product. In case customers respond positively to the introduced product, and this will be ascertained by the quantity and quality of sales data that the president requires to make an accept or reject decision, then the president can go ahead and introduce other items such as shepherd’s pie and quiche.

Works CitedBooz, Allen and Hamilton Inc., New Products Management for the 2000s (2002)Klan, Arhur; New trends of Global Marketing, London: Prentice Hall 2007. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Market for Ajax Foods Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Market for Ajax Foods Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/marketing/1618584-market-for-ajax-foods
(Market for Ajax Foods Assignment Example | Topics and Well Written Essays - 250 Words)
Market for Ajax Foods Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/marketing/1618584-market-for-ajax-foods.
“Market for Ajax Foods Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/marketing/1618584-market-for-ajax-foods.
  • Cited: 0 times

CHECK THESE SAMPLES OF Market for Ajax Foods

4P in Marketing - New Product Launch

DREAM HOME Investment will position itself in the market to exhibit its strength to park their funds in good and strong portfolio to make it derive good returns with security.... 9 In Money market funds, returns on investment are very important factor to judge the credibility of the fund.... A good and successful money market fund can deliver returns of around 7% per month and around 30% on annual basis.... On the opposite the Santander's money market fund returned a low 0....
6 Pages (1500 words) Essay

Thought, Force and Selfishness in Ajax and Prometheus Bound

In the plays ajax and Prometheus Bound, the tragedians examine the ways in which both gods and mortals use and abuse power, and the correlation between intelligence and force, paying particular attention to the way in which either is corrupted for selfish ends. Sophocle's ajax is a mighty Greek warrior in the time of the Trojan war, second only to Achilles in "perfect prowess" (Sophocles, ajax 1415).... When the Atreidae decide that Odysseus should get the armor, instead of humbly accepting the judges' decision, ajax's pride over his power and valor spurs him in revenge against Agamemnon and Menelaus, a wild act that is only thwarted by the duplicitous intervention of Athena, the patron goddess of Odysseus....
9 Pages (2250 words) Essay

Boots Group Strategy

(Grocer, Feb 19, 2005 p45) The possibility to unite the efforts and capabilities with one more strong market player is for Boots Group another way of addressing the struggle for profits in a competitive environment.... (Pharma Marketletter, Oct 10, 2005 p0) Another environmental aspect that becomes more and more important with the course of Boots expansion into the US market is the economic, social and political factors and the specifics of this market....
6 Pages (1500 words) Case Study

Retail Strategy of LuLu Hypermarket

It has been able to maintain its niche market position because of its retail strategy that is people centric.... Their major focus is on loyalty to customer from wide demographic market segment that caters constantly to their changing preferences.... LuLu has earned market credibility mainly because of its efforts to maintain high quality of its in-house brands and at the same time, providing its customers with wide range of branded products from across the world, thus promoting customer satisfaction....
2 Pages (500 words) Essay

Identifying the Problem

The two options are primary research and secondary The CEO of ajax foods has had very good success with its chicken pie product.... Based on the circumstances ajax foods faces the company should perform primary research.... In the questionnaire the company will ask the customers a series of questions including whether they would be interested in purchasing other types of food products from ajax foods.... In order to achieve that goal the company is… To introduce a new product requires that the company perform market research to determine the viability of the project....
1 Pages (250 words) Assignment

Profile of World Food Organizations

The organization is currently involved in the coordination of the pilot project, Purchase for Progress, which aims at helping the farmers access the agricultural market.... The writer of this paper states that the Director-General is currently José Graziano da Silva from Brazil, who has held the position since 2011....
1 Pages (250 words) Case Study

Multi-Disciplinary Nature of Food and the Scientific Principles that Underpin Technology

"Multi-Disciplinary Nature of Food and the Scientific Principles that Underpin Technology" paper argues that developed countries have to realize the futility of their highhanded acts, and understand that they too must forget their political differences and come together to help eradicate hunger.... hellip; Food and culture are two closely interlinked subjects....
6 Pages (1500 words) Coursework

Sensory Evaluation of Food - Goat vs Cow Youghourt

It purposes it to taste consumer products before being released onto the market.... A lot of this corporation that deals in consumer products usually employees a team of professional panel to oversee that their product are up to consumer standard before released into the market....
8 Pages (2000 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us