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STPD Marketing Strategy - Place
STPD Marketing Strategy - Place
Objective (4):
● The objective of this product with respect to its place can be broken down into
three parts.
● Place Goal Number 1: Reach as many customers as possible (high market share).
● Place Goal Number 2: Offer consumers convenience.
● Place Goal Number 3: Control the product's image.
Strategy:
Channel (2)
Explanation (4)
Tactics:
Location (4)
● Address 1: Walmart, Midland & Sheppard, Scarborough, Ontario.
● Address 2: Bed Bath & Beyond, Yonge Street, Toronto, Ontario.
● Address 3: Amazon.ca (online).
● Address 4: Home Hardware, Main Street, Vancouver, British Columbia.
Rationale (4)
● This supports the target market because it aligns with their living
preferences, shopping habits, and interests in home organisation. This
supports the objectives because it provides convenient access to the
product and increases its availability in key locations. This supports the
strategy because it combines physical retail presence with online
availability, maximising convenience for customers.
Marking Scheme
Component Mark
Objective is clear and concise /4
Selection of channel of distribution /2
Selection of type of channel /2
Explanation of choices supports objectives. /4
/8
Location:
Specific location(s) identified /4
Rationale:
Explanation offered is consistent with target market, objectives & strategy /4
Rationale supported by research /4
/8
Customer Service:
Level of customer service is well-thought out and considered /4
TOTAL /28