Professional Documents
Culture Documents
MKT243_REPORT
MKT243_REPORT
GROUP:
AC1104E
COURSE CODE:
AC110
SEMESTER:
MARCH 2024 - AUGUST 2024
PREPARED BY:
PREPARED FOR:
DR ROSMAH BINTI NIZAM
DUE DATE:
5 JULY 2024
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TABLE OF CONTENT:
ACKNOWLEDGEMENTS ……………………………………………………… i
INTRODUCTION TO THE GROUP MEMBERS .…………………………… 1
Introduction to the group members
1.0 BUSINESS BACKGROUND ………….………………………………………… 2
2.0 BUSINESS PROFILE …………………………………………………………….. 3
2.1 Business name
2.2 Location of the business
2.3 Type of business
2.4 Owner’s background
3.0 SEGMENTATION ………………………………………………………………… 4-5
3.1 Business target market
3.2 Business segmentation bases
3.3 Business strategies
4.0 PRODUCT AND SERVICES .…………………………………………………….. 6-10
4.1 Significance of the services to the consumers
4.2 Type of services
4.3 Specification of the services
4.4 Benefits and function
4.5 Warranty period
4.6 Labeling
4.7 Trademark
4.8 Positioning strategy
4.9 Picture of the product
5.0 PLACE …………………………………………………………………………….. 11-12
5.1 Type of marketing channel
5.2 Level of distribution
6.0 PROMOTION …………………………………………………………………….. 13-15
6.1 Type of promotion tools
6.2 Tagline
6.3 Sample of any promotional activities
7.0 PRICING ………………………………………………………………………………. 16-17
7.1 Pricing objective
7.2 Price of services
7.3 Tactic of setting the price
8.0 CONCLUSION AND RECOMMENDATION ……………………………………… 18
ACKNOWLEDGEMENTS
Thanks God for the blessing, for it was through his abundance that we were able to
properly write this report.
We appreciate the help and direction we received from Dr. Rosmah binti Nizam, our
MKT243 lecturer, in finishing this report. We could not have achieved this without her
assistance.
Weexpressourgratitudetoourclassmatesforcontributingtheirthoughtsandproviding
feedback on our report, enabling us to make necessary revisions. We might not be heretoday
without their criticism and input.
Wearealsoveryappreciativeofthededicatedandencouraginggroupmemberswehave.
It will be extremely difficultforustofinishourreportontimeifwedon'tsupportoneanother
and give it our all.
We admit that none of the membersofourgroupplagiarizedanythingforourreport;it
was entirely our own work. In order to prevent future overlooking of our effort, we have
included a reference section.
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INTRODUCTION TO THE GROUP MEMBERS
1
1.0 BUSINESS BACKGROUND
Koperasi UiTM Pahang Berhad is one of the branches of the Koperasi Kakitangan
UniversitiTeknologiMaraBerhad(KKUiTMB)branches.ThefirstKoperasiKakitanganUiTM
Berhad was established by Ahmad bin Mohd Yunus on 25 November 1968. Koperasi UiTM
Pahang Berhad was one oftheearliestcooperativeopeningsinUiTM.KoperasiUiTMPahang
Berhadwasestablishedon29October1992andisnowmanagedbyEncikAzmaShamhafizbin
Azimin starting on 22 February 2018 with the help of Puan Siti Mislina bintiAhmadDaidiri.
Koperasi UiTM Pahang Berhad provided many services such as selling essential needs, foods
and drinks, printing and binding services, parcel services and also transportation services for
students, staff and also others. The cooperative not only focusesonstudentsbutalsoforstaff
and the members of the Coop Mart in order to gain higher profits.
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2.0 BUSINESS PROFILE
3
3.0 SEGMENTATION
Current
Coop Mart's target market is university students and staff, offering a wide range of
affordable and convenient retail products based on their daily needs, from study needs and
personal care items such as social needs.
Revised
CoopMartneedstoexpanditstargetmarketbesidesuniversitystudentsandstaff,which
includes lecturers and visitors, by offering a diverse range of affordable and convenient retail
products such as school supplies, necessities, snacks, and personalcareitems,tailoredtomeet
the needs of a broader community.
Current
Coop Mart has applied psychographic segmentation to attract customers basedontheir
personality, lifestyle, social status, activities, interests, opinions, and attitudes.
Revised
CoopMartcanapplydemographicsegmentationandpsychographicsegmentation,which
may attractallgroupsofageandgendersincetheirserviceretailisverylikableandalsobased
on customer personality.
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3.3 Strategies for Selecting Targeting Markets
Current
Coop Mart had used a concentrated targeting strategy to focus on one specific target
marketgroupformostorallofitsmarketinginitiatives.Thisisbecausetheywanttoemphasize
how their services can meet the unique needs of their niche audience.
Revised
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4.0 PRODUCT
Current
ThesignificanceoftheretailservicefromCoopMartistomakeiteasierforstudentsto
buy necessities without having to go out to the town and offering affordable prices for every
product and service provided.
Revised
We revised the retail service to have better customer service so that customers will be
satisfiedwhentheyshopatCoopMart.Staffherecanlearntolistentofeedbackfromcustomers
to improve the service quality.
Current
Revised
Inouropinion,CoopMartshouldcontinuetheconsumerserviceasconveniencebecause
items provided byCoopMartcanbepurchasefrequently,immediatelyandwithminimaleffort
compared to other types like shopping where consumer buy less frequently, specialty where
items are quite expensive and unsought where goods or services that customer may not even
think about to purchase until a specific need arise.
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4.3 Specification of the services
Current
Retail service from Coop Mart is a service which provides a stock of a selection of
everyday items such as beverages, stationary, toiletries, snacks, first-aid and also household
items like trash bags and detergents. Not only that, retail service here also offers parcels. It
operates every day from 7.30am to 10pm from Monday to Friday. For Saturday to Sunday, it
operates from 10am to 10pm.Thenumberofworkershereisaround3to4dependingontheir
shift.Forpaymentmethods,retailservicehereprovidespaymentfacilitiessuchascash,visa,QR
code and TNG eWallet.
Revised
WerevisedCoopMarttoaddmorestafftoenhancethespeedofserviceintheaspectof
handlingandstoringitems,payment,cleaningandlastlyfortheclosingandopeningofthestore.
This is because more staff will lead to more quality in service andincreasethesatisfactionof
customers.
Current
ThebenefitsoftheretailserviceprovidedbyCoopMartisitsoperatinghoursopenfrom
7:30amto10pmmakeiteasyforstudentstobuytheirneedsasitopensforalongtime.Notonly
that, Coop Mart is also located in UiTM Jengka so students do not have to go to town and
thereforeitcansavetheirmoneyasthereisnoneedtobookgrabtogotothetown.Lastly,the
prices of the items offered are student-friendly.
Revised
Werevisedtheretailservicetoaddaprintingservicebecauseweknowstudentsalways
need this service as they have a lot of notes to be printed for their studies. This is oneofthe
functions of retail service.
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4.5 Warranty period
Current
Coop Mart does not provide any warranty for their itemsbuttheydorefundorchange
with a new one if the items bought by the customer are expired especially for food and
beverages.
Revised
WeagreethatCoopMartshouldkeeponrefundingandchangedefectitemswithanew
one as it is the best way to compensate customers as their type of service is convenient.
4.6 Labeling
Current
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Revised
We revised Coop Mart to change to LED glow sign boards like the example below
because when it’s night, the board is not clearly visible in addition to the surroundingareaof
Coop Mart which does not have many lights.
4.7 Trademark
Current
As for now, Coop Mart did not have any trademark.
Revised
WesuggestCoopMarttocreateatrademarkwhichis“CoopMartforeveryone”because
itisquitesimple,meaningfulandeasytoremember.“CoopMartforeveryone”meansthatthis
shop is suitable and available for everyone as they sell a variety of services and goods.
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4.8 Positioning strategy
Current
What makes retail service here different from other retail services located in Jengkais
they only sell necessities but retail service by Coop Mart not only sells necessities, it also
provides parcel receiving service. Parcel service is also a part of retail service. Not only that,
retail service from Coop Mart operates from7.30amforMondaytoFriday,makingitdifferent
from others because their starting time is usually by 10am.
Revised
We revised this retail service to add a delivery service. It is because some students or
UiTMstaffarebusywiththeirschedulessoifthisownercanprovideadeliveryservicetothem,
it makes service retail here different from others.
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5.0 PLACE
Current
Coop Mart uses a retailchanneltoreachtheircustomers.Theretailchannelisdifferent
from the direct channel in that the retailer doesn’t produce the product. On behalf of the
manufacturer, the retailer advertises and sells theproducts.Retailersprovidecustomersagreat
deal of interaction efficiency by consolidating product purchases into one spot. Retailers may
provide their goods in-person, online, inakiosk,orevenatyourdoor.Thefocusshouldbeon
sellingdirectlytocustomersratherthanontheplace. Also,retailersprovidecustomersavariety
of options. All that is meant by assortment is the quantity ofitemsavailableorthenumberof
possibilities within acertainproductcategory.Retailersuseauniquemarketingmixstrategyto
achievetheirobjectives.Retailershavejustasmuchmotivationtosellthingsasthosewhocreate
them as they are the last point of contact between the producer and the customer.
Revised
Coop Mart should stick retailer channel as their marketing channel to reach its
customers.Itisbecausecustomers'empathyisbeneficialtobothbuyersandsellersinretailsales.
Unlikeinternetretailers,retailstorefrontsofferaplatformwherecustomerscanseewhattheyare
buying.Theconsumerleaveswiththeiritemsassoonastheyareinstantlysatisfied.Next,itcan
sell a range of products and reveal to its customers thethingsthattheyarenotevenawareof.
Thus,strengtheningarangeofgoodsatoneconvenientspotpromotesmorecompanyprospects
and boosts possible sales.
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5.2 Levels of distribution intensity
Current
ThelevelsofdistributionintensityforCoopMartareintensive.Amarketingstrategythat
includesprovidingclientswithaccesstoacompany'sproductsinasmanylocationsasfeasible.
Usually,thisentailsgettingtheproductintoasmanyretaillocationsasyoucan.Hence,enhances
thechancethataconsumercouldfindthegoodswhentheyneedit,thusleadingtoanincreasein
sales.Besidesthat,itishelpfulforthemtohaveoptionssincethebrandstheyusuallybuymight
be out of stock.
Revised
Coop Mart just needs to stick with intensive levels of distribution intensity. This is
because Coop Mart type of marketing channel is retailers. So, intensive is one of the most
suitablelevelsforCoopMart.Becauseofthat,itcanincreasethepossibilitythatconsumerswill
return for more purchases when they need or desire a product. In addition to fostering a
relationship with consumers, brand loyalty aids in the integration of products into consumers'
everyday schedules and lifestyles. Moreover, it can increase Coop Mart sales growth because
customers may find it easier to buy items through intense distribution as they are frequently
intendedfordailyoroftenusage.Forthisreason,CoopMartdoesn’tneedtochangeitslevelsof
distribution intensity.
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6.0 PROMOTION
Current
Revised
We agree with Coop Mart to use advertising as their types of promotion tools but we
wanttosuggestCoopMarttorevisetheiritfromonlyadvertisingtoaddonemoretoolwhichis
sales promotion. This idea is definitely useful because more discounts will attract more
customers especially when one of their target customers is a student.
6.2 Tagline
Current
Revised
The best tagline for Coop Mart that we suggest is “Murah, Mudah, Mantap” where
“murah”standsforacheappricesuitableforstudents.Mudahstandsforeaseforstudentstobuy
theirneedsastheydonothavetogototownbecauseCoopMartislocatedinUiTM.Lastlyfor
“mantap”, “mantap” means awesome so we choose it because the retail service provided by
Coop Mart is very fast and satisfactory.
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6.3 Sample of any promotional activities
Current
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Revised
We suggest Coop Mart to promote WhatsApp because here in UiTM Jengka, students
havealotofunofficialWhatsApptopromotetheirsmallbusiness.Therearearound900students
ineachgroupsoitisquitestrategicforCoopMarttousethegrouptopromotetheirbusinessas
wellasthatisthefunctionofthegroup.Furthermore,therearealsoalotofothersellerswhether
inside or outside UiTM join the group to sell their goods.
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7.0 PRICING
Current
Pricing objectives arethetargetsthathelpabusinessindeterminingitsprice.Thereare
three pricing objectives which are Profit-Oriented, Sales-Oriented and Status Quo. Coop Mart
has decided to offer their services by applying a Profit-Oriented objective. In Profit-Oriented,
therearethreeobjectivesincludingprofitmaximization,satisfactoryprofitsandtargetreturnon
investment. Coop Mart mainly focuses on profit maximization as it will satisfy their goals of
increasing revenue on each sale.
Revised
Coop Mart should just maintain on focussing Profit-Oriented pricing objective in the
future to maintain the stability of the business. This is because the consistency inpricingwill
help in building customer trust and loyalty. Apart from this, this objective will ensure the
survival of their business and remain operational.
Current
In CoopMart,theyoffertheirserviceswiththepricethatisfixedintheirbusiness.The
prices will be dependent on the type of services.
Revised
CoopMartshouldstayonkeepingthepriceoftheirservicesfixedtothecurrentpricing.
Thisisbecausethepricesaresuitablewiththequalityofservicesprovided.Fixedpricinghelps
with budgeting and financial planning by allowing the business to predict income more
accurately. The cash flow of the business will be easier to manage due to the consistency of
pricing.
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7.3 Tactic of setting the price
Current
There are three price strategies to set the right price which are price skimming,
penetrationpricingandstatusquopricing.CoopMartdecidedtouseoneofthesestrategiestoset
the price in their business, that is price skimming. This is a strategy in which the business
chargesahigherpricethanthemarketprice.Byapplyingthisstrategy,CoopMartcanmaximize
their revenue and lead to higher profit margins due to the higher initial prices charged.
Revised
Coop Mart can still keep on using this tactic of setting the price in their business.
However, it is also suggested for them toofferpromotionintheirservicessothatitwillallow
them to attract more customers.
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8.0 CONCLUSION AND RECOMMENDATION
In conclusion, we gain so much knowledge while doing this project. It was a new
experience for us to remember. Our project was held in Universiti Teknologi Mara (UiTM)
Cawangan Pahang, campus Jengka. We gain lots of knowledgeaboutbusinessmanagementin
the marketing mix. Coop Mart has applied averygoodmarketingmixsuchasthepricesetter,
place/locationofshop,theserviceandproductprovidedandalsothetypeofpromotiontheyuse
toboostouttheirprofit.Thebusinessalsohasveryflexiblebusinessworkinghourswherethey
open everyday. Students and staff can come at any time without worrying about business
working hours. But the business tends tofaceproblemswhenmanystudentsandstaffcomeat
the peak hours of operation especiallyonFridaywhenthemalestaffisgoingtoprayer.Sofor
thesolution,theychangethebusinesshoursonlyonFridaywheretheyclosethebusinessearlier
for a break in the afternoon. Coop Mart offers lotsofservicesnotonlyretailingbysellingthe
needsbutalsootherservicessuchasprintingservices,parcelservicesandmanymore.Notonly
that, Coop Mart also has a very good platform on social media such as Telegram, Twitter,
FacebookandalsoTiktoktokeeponupdatingnewitemsandservicesthattheysellandprovide
for students and staff. With our revised versions,wearehopingthatCoopMartcanimprovise
their services to be the best mart in UiTM Jengka.
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