1. What is the total and category dog food supermarket sales potential in Boston at manufacturing prices? | (1) | (2) | (3)=(1) x (2) | (4) | (5)=(3) x (4) | Dog Food Category | Share of Total Dog Food | % of Dogs in Boston Area | Estimated Dog Food Category Sales | Super Market % | Estimated Dog Food Super Market Sales | Dry | 65% x $10 billion= $6.5 billion | 1.2% | $78 million | 36% | $28,080,000 | Canned | 15% x $10 billion= $1.5 billion | 1.2% | $18 million | 36% | $6,480,000 | Treats | 20% x $10 billion= $2 billion | 1.2% | $24 million | 36% | $8,640,000 | Total | $10 Billion | | | | | | | Total Dog Food Category Sales Potential in Boston Area | $120 million | Total Dog Food Super Market Sales Potential | …show more content…
Based on Show Circuit’s positioning strategy, provide a recommendation for a price point for a case of the produce and calculate the company’s contribution per case. Show Circuit’s position strategy is as follows: Positioned as a high quality dog food Positioned at a premium price Positioned to be perceived by buyer as the only dog food that they would want to purchase for a dog that is considered part of the family Based on competitor price points in number three and the positioning strategy of Show Circuit , the recommended price point for a case of Show Circuit would be $12.00. This is a recommended price point because it is aligns with Show Circuit’s position strategy and it is just slightly higher than the highest competitor price. Also, the contribution to fixed cost is higher than its competitors. . Unit COGS Unit Selling Price GrossMargin as a % of SP Manufacturing $8.70 15% (First In Show Pet Foods) Wholesaler ( 9.36-.6552) $8.70 $9.36 7% (Food Broker Commission fee) .07 x
to buy them expensive dog kibble from the store. People who have a dog spend
1- Th firm should introduce the new "complete meal" at price of D.Cr. 6.85 because the price will raise the demand and generate high profit for the company.
The first disappointment she encounters is the quality of the dog foods. Hodgman expected to open packages filled with real meat, as advertisers relentlessly remind buyers of a dog’s love for real meat. The Gaines burger could neither be described as poor beef, rich beef or even beef at all. It couldn’t be fried and did not have that “real beef smell”. Ann describes it as being very malleable, “something you could make at home if you had a Play-DOH Fun Factory.” (107). The Kal Kan pedigree meals were also amiss. Ann’s words to describe these are lumpy, purple, stringy and veiny.
5.Can turn the obstacle of lack of appeal of frozen dog food into an asset in advertising
In the book, “The Circuit” by Francisco Jimenez, some examples are given on how family and culture can influence one’s life. Family and culture can negatively affect a person’s life because in the narrator’s case, it can cause them to move away from their friends or work hard to support their family. For example, “As the last days of August disappeared, so did the number of braceros. Sunday, only one—the best picker—came to work. I liked him. [...] That Sunday was the last time I saw him. [...] The thought of having to move to Fresno and knowing what was in store for me there brought tears to my eyes” (Jimenez 2 and 5). In other words, the narrator had to leave because the harvesting season was over and they had to find another place to work.
The hot dogs that we are trying to improve sales for are: _Hygrade_, _Maple Leaf Originals_, _Top Dogs_ and _Shopsy's_. This option involves reformulating _Top Dogs_ to make it taste better and provide value for the consumers, without trying to make it a national brand. MLF will increase market research in order to gain vital information to help properly position this brand in each of the different regions. MLF can borrow money from other, more profitable IOCs
Smackey’s Dog Food Inc is a privately owned company and does not adhere to the practices of the SEC regulations. The financial statements and accounting standards have to comply with the Generally Accepted Accounting Principle (GAAP).
(d) What will Yabba’s market share have to be for it to generate a profit of $700,000?
Is there a way to estimate the cost of services and product to customers such that Stuart’s Branded Foods can be competitive in their market? Use the illustrations of the two customers to demonstrate your approach. What would be the selling price per kit or per cup for each customer?
Representatives have approached breeder’s Own Pet Foods, Inc. from Marketing Momentum Unlimited, a marketing and advertising consulting firm. The reason for the meeting was to discuss the company’s possible entry into the retail branded dog food market in the Boston market.
The company needs to evaluate who comprises its target market. Is the market the entire dog food market? The 10 percent that is currently purchasing frozen food or the 15% that would purchase if it were more convenient to do so? Currently consumers do not associate dog food with frozen food; but even if they did, the product may still not appeal to the average consumer due to time requirements for its preparation and thawing.
The over-arching problem that Breeder’s Own Pet Foods has is which marketing-strategy would best serve as a vehicle for entry into the dog food retail business. Additionally, it has to select the most prominent geographic location (s) for distribution of its product. Another root problem component is how to get the supermarkets to stock and distribute this dog food since it is in the frozen category and may not appeal to traditional dog food buyers because they don’t readily associate dog food with frozen goods.
Caninantics’s mission is to be the leader in introducing innovative, dog food dispensing product to the market. Through close customer contact and excellent relationships, Caninantics, will meet the needs of the customers. Caninantics, LLC, is a privately-held corporation and maintains an office and a small warehouse in a mixed-use area of North Beach. Three of the four investors in the company have full operational responsibility, the co-founders, have both entrepreneurial and industry experience to brings operational management, marketing, and financial skills
|Weaknesses: • Lack of availability in all stores • Lack of appeal to consumers due to thawing time / freezer space (convenience) • Lack of appeal to supermarkets due freezer location • Lack of brand equity in retail market • Premium price | Threats: • Store Location - Consumer must be educated to find product in different area of store • Saturated market – sales top 14 million in 2011. Dog food is also heavily advertised, so the challenge is to entice the consumer to buy Breeder’s Mix. • Competition - 5 major brand name dog food companies dominate market with 75% of US dog food sales • Challenge to get supermarkets to give up valuable freezer space for dog food |Evaluation of AlternativesBreeder’s Own Pet Foods product development strategy should be evaluated. Currently only 1 out of 10 dog owners regularly buy frozen or refrigerated dog food and ¾ of those surveyed expressed no interest in purchasing frozen dog food (Kerin and Peterson, 2013). This indicates that there is a limited market for dog owners who would be interested in a product such as Breeder’s Mix. Research does suggest however that frozen dog food dollar volume is increasing annually indicating there is a strong opportunity for Breeder’s Own to be the first to tap into the frozen dog food market in the Boston area. Breeder’s Own Dog Foods needs a strong marketing campaign to convince consumers their brand is superior to