Wednesday, July 24, 2019
Introduction and conclusion section for report Essay
Introduction and conclusion section for report - Essay Example Simple to launch its products successfully in the South African market. The primary goal or objectives of the company are to increase its revenue generation through opening up of different retail garment stores in various feasible locations of South Africa. Various market entry modes that can be employed in case of entering the South African market and how it can be beneficial for the company have been discussed in this study. Identification of the target market in South Africa is also important and has been included in this study. The marketing mix strategy involving the appropriate products, places, prices and promotional strategies to be employed by the company has also been discussed in this study. The primary competitors of Mr. Simple Company have also been identified and the corresponding competitor analysis has been performed in this study. Mr. Simple Company has been successfully running its business in Australia, New Zealand and Vietnam. Its decision to expand its business in the South African market does not promise to be a good prospect for the company to help it increase its international presence and enhance its profitability in a significant manner. The primary objectives of the company are to increase brand awareness amongst the South Africans, increase its revenue and open up three retail garment stores in different parts of South Africa. The target customers have been identified to be males in the age group of 15 to 35 years. Fashionable and casual garment products would be offered to the targeted customers in South Africa. The market trend analysis performed in this study indicates that the youths in South Africa are attracted towards various clothing brands and with proper brand awareness the company can be successful in increasing its brand loyalty amongst the youth generation of the country. Various strat egies that are needed
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