assignemnt 1

.docx

School

Trent University *

*We aren’t endorsed by this school

Course

2010H

Subject

Marketing

Date

Apr 3, 2024

Type

docx

Pages

4

Uploaded by ChefEmu3045 on coursehero.com

Problem statement: Group project proposal (2) STRATEGIES Freshco has not improved the number of their consumers or the exposure of their company due to society shifting toward the digital world. In order to regain its customer base, based on how the pandemic affected business, how will Frescho adapt to these changes and expand its customer base? Strategic options Outline your strategic options to solve the marketing problem that you have identified. Strate gy 1 Your brand is more likely to be recognized as a result of the visual experience. A color scheme, a layout, an interior, a lighting scheme, and other materials are included in this category. Consider your customers' preferences when designing your in- store display. Adding more visuals/readings such as something to know about the store or something to read - Use quotes, or a story indicating the history of the store, such as how it started, where it originated, etc. This will help the customers feel closer to the brand, thus promoting the brand's image too. Using bright colors can grab attention, such as red, yellow, and green. Smell - a smell is essential to keep customers in. It can stimulate a better experience for everyone. Lighting and music: Lighting can bring a better visual to the whole store, and even if you are selling very quality food, it could help signify its quality. Music - having a better song choice creates a premium ambiance in your store. It's better to play relaxing or instrumental songs since it can reduce bad vibrations. Keeps the customers calm, happy, and unrushed. Strate Providing premium Provide training for Promoting corporate
gy 2 customer service. managing all types of customers. The primary objective of sales is to build relationships and maintain trust between the parties involved. By establishing relationships, sales can be improved too. social responsibility. Despite Frescho's no plastic bag policy, they could do more by raising awareness about environmental issues and promoting volunteerism. Socially responsible companies will build a stronger brand identity and improve the company's reputation among customers Strate gy 3 Advertising and going online. Most markets tend to advertise and promote their products online in order to gain more audience and stay competitive Add more advertising strategies, such as billboards, commercials, customer deals, offering loyalty cards and etc., to your marketing strategy Online order placement for pick-ups and deliveries should be enabled by setting up a website or online platform.- Establishing partnerships with online delivery service providers such as Uber Eats, Instacart, and others Decision criteria Choose the decision criteria that will help you select your strategic option Criterion 1: Visual appeal Criterion 2: Corporate brand image Criterion 3: Competitive advantage Assign a score to each strategy based on the selected criteria Strategy 1- Creating a better and more welcoming environment. thus improving visual Strategy 2- Improving brand image and enhancing business identity through engaging Strategy 3 - Going digital: offering delivery/pick-up options.
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