Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Marketing Management Expert

The assessment for this module is to produce the elements of a sales plan. The case study assesses your understanding and ability to construct a sales presentation plan and correctly analyse sales management problems and provide recommendations.

 You are the Sales and Marketing Director of Scientific Plastics Ltd a midlands based manufacturer of plastic moulded products, with three divisions, one producing educational products supporting teaching of biology, physics and environmental sciences in schools. The second, producing retail display units for the cosmetic industry. The third division is contract moulding for a wide variety of customers ranging from Coke Cola, Diego, M&S, Kingfisher (clothes hangers for the last two companies). The company was established in 1946 and has a turnover of £25Million, with net profits before tax of £2.75Million.

You have put together a number of your products into a retail product offering targeting school children aged between 12 and 15 with an interest in natural sciences. The product is called "Young Scientist" and consists of a field microscope (X50, X150) and mounting slides together with cell biological stains, hand held magnifying glass (X10), safety microtome (machine for cutting biological samples into cellular thin sections), sample jars, thermometer, manometer (relative humidity measurement devise), Anemometer (measures wind speed), DVD disc containing full catalogue of insects, diatoms, many plant types and structures. Finally, a website allowing data to be up loaded and trends to be seen representing all contributors work.

The cost of the "Young Scientist" pack is £14.00, sourced from China, Malaysia, and India. UK assembly and packaging brings this to a final cost of £15. Your target sales price to TESCO's is £25 (if you can get it), with a recommended retail price of £49.99, which you have based on two focus groups (14 in each group) and a survey of a random sample of the target markets (950 individuals in each of the sample target markets).  The results of your research indicate that 65% of the target market (children 12 to 15years) would wish to purchase the product and 75% of parents of the target market would buy the product as a present for their children. Of the sample who would be happy to purchase the product (children and parents) only 8% thought it to be "very expensive", whilst 12 % thought it to be "expensive" and the remaining 80% considered the product to be "good value".

The target market is 12 to 15 year olds, characterised by an interest in environmental and natural sciences. Taking science GCSE's.

 

Ultimately these slides will form part of your sales team's resource in selling this product into the retail market space for which you are now trialling via your sales meeting with Tesco's.

These slides should cover the establishment of the sales pitch (the opening moves), the benefits to the various customers, unique advantages, identification of likely objections and their management and the most appropriate closing tactics.

You are also faced with two management dilemmas that you really do need solve in order to have a coherent sales plan that you can implement with the sales team in order to ensure the success of this new product and the expanding product/market portfolio going forward.

Firstly, the Chairman of the company has said that in her view your current remuneration strategy based solely on salary fails incentivise effort. In her view she would like you to consider changing the remuneration package to increase the effort the sales team exerts in capturing new sales by moving to a commission only payment structure with them receiving 12% of invoice value in commission and no salary.

 Your answer to this issue should be in the form of two power point slides, together with up to 100 words of notes attached to each slide.

The answer should

1) Evaluate each of the remuneration strategies.

 2) Recommend a remuneration strategy that you think appropriate given the nature of the range of sales tasks faced by the sales team.

You are also faced with the dilemma of which prospecting strategy to recommend the sales team use in selling the new "Young Scientist" product into the retail market, one in which your sales team have no experience. Currently the sales team is organised on a territory basis, with sales executives selling the whole of the company's product range in their territory area. The question that now arises is "is this prospecting structure getting too stretched? Might it be better to split the team into product/market specialist areas, such as sciences - schools and retail; contract and retail display?

 Your answer to this issue should be in the form of two power point slides, together with up 100 words of notes attached to each slide.

The answer should

1) Evaluate the prospecting strategies.

2) Recommend the prospecting strategy you think most appropriate to the sales team and its range of markets and products.

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M9523905

Have any Question?


Related Questions in Marketing Management

Question researching netflix you will research the various

Question: Researching Netflix, you will research the various elements of the marketing plan as it relates to this company. You will provide a comprehensive discussion of the products and/or services provided by your orga ...

Question case analysis the cases provide an opportunity to

Question: Case Analysis: The cases provide an opportunity to examine concepts in greater detail and develop problem solving and decision making skills. Students are expected to read and analyze each case, develop and sub ...

In this unit you are asked to produce a public relations

In this unit you are asked to produce a Public Relations Campaign Proposal document and an essay that explains the theory behind your planned approach to the Proposal task. You may base your assessment on the suggested s ...

why india is ideal for teslas globalization projectcompany

" Why India is ideal for Tesla's Globalization Project" Company: Tesla , an innovative automotive industry. - Paper should be 5-6 pages - APA format and doubled space with references. - Opportunity factors and trends Eco ...

Question find a company in your area that is known for its

Question: Find a company in your area that is known for its environmental and/or social responsibility. Set up an interview with a company representative. In the interview find out: 1. What the company representative bel ...

In what way might the construction of roads by government

In what way might the construction of roads by government authorities lead to negative externalities? [Hint: How far might one need to go to the nearest grocery store to one's home in Hong Kong, Manhattan, or Singapore, ...

Question 1 application of conceptstime value of money2

Question: 1. Application of concepts/time value of money? 2. Which is more detrimental to a firm, pricing your product or service too high, or pricing your product or service too low? 3. Discuss the role of demographics ...

Question continue to use the two spanish-speaking countries

Question: Continue to use the two Spanish-speaking countries you have selected. Spain & Mexico Compare and contrast one of the following topics: • The cuisine of the previously selected countries • OR • The health care a ...

Question review the website you selected for your week 3

Question: Review the website you selected for your Week 3 assignment. Create a 16- to 20-slide Microsoft® PowerPoint® presentation with speaker's notes about your selected website in which you complete the following: 1. ...

Quesiton watch the videob pinkberry and answer the

Quesiton: Watch the video,B Pinkberry, and answer the following questions: • How would you update the personality of the brand to reinvigorate Pinkberry? Provide a rationale for your answer. • Determine the most viable t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As