Assignment 3 Essay Example | Topics and Well Written Essays - 2500 words - 1

Assignment 3 - Essay ExampleCustomers The stores of Boots UK are primary(prenominal)ly located in well-known localities and streets of UK. Hence, its main consumers are male and females between age group 15-45 days from nearby neighbourhoods.Strength The primary strength of the company is that it has a well-recognised brand with wide point of intersection range. The company is established in the market and has strong reliance on research and development.Weakness Boots UK considers that location and ambience of its store are outdated, which can climb to be a weakness. Apart from this, analysis showed that the company has little dependence on technologies, which increase processing time of activities. Furthermore, the company also charges comparatively senior high price.The company has applied SMART techniques to determine goals and objectives. The company is planning to achieve an increase of twenty-five percent in the sale annually. It also has an objective to retract ten perce nt more male consumers every year, compared to the previous year. These goals are specific, measurable, achievable, realistic and time-specific in nature. Realizing such goals can prove to be companys competitive advantage.The company has used demographic and geographic segmentation while determining its laughingstock segment. Boots UK has placed stores mainly in the high streets of UK so, the obvious target market of company is individuals from the neighbourhood. From demographic point, the company ensure that both genders, male and female, are its product users and the age range is between 16 and 45 years (Armstrong, Cunningham and Kotler, 2002).In its strategy, the company is planning to implement Ansoffs matrix to decide upon products for existing as well as new markets. The model was proposed by mathematician, Igor Ansoff. It states that in that location are four growth strategies that a firm can adopt Market penetration and product development for existing market and market