All sections are set up to allow for the fill-in of information. Anywhere the text is italic, would be where you would put in the information pertaining to the individual assignment (and un-italicize). Title Page: A Market Analysis for <<Name of Company>> By: <<Student’s Name>> Date: <<Semester, year>> Mentor: <<Name and job title of mentor>> Market Research Package Target Market Analysis Company’s Target Consumer: Identify the target market or typical customer as described by the client in the questionnaire. Obtain a clear image of the target and briefly, concisely, but specifically describe the target. Bullet points or tables. Market Demographics of City, State [or other defined parameter, i.e. other geographic area or characteristic] Figure 1: Population Numbers Table Source: Source Brief explanation if necessary. Figure 2: Age/Generation Table Source: Source Brief explanation if necessary. Figure 3: Race/Ethnicity Table Source: Source Brief explanation if necessary. Figure 4: Socio-Economic Levels Table Source: Source Brief explanation if necessary. Figure 5: Marital Statuses Table Source: Source Brief explanation if necessary. Figure 6: Household Size and Structure Table Source: Source Brief explanation if necessary. Figure 7: Education Levels Table Source: Source Brief explanation if necessary. Figure 8: Occupations Table Source: Source Brief explanation if necessary. Figure 9: Consumer Spending Table Source: Source Brief explanation if necessary. Preferences of the Target Market: Figure 1: Name Table Source: Source Brief explanation if necessary. Figure 2: Name Table Source: Source Brief explanation if necessary. Figure 3: Name Table Source: Source Brief explanation if necessary. Product Mix Product Mix by Percentage of Sales: Graph Here: Product Category: ###% Product Category: ###% Analysis If necessary, summarize and analyze the information provided in the IBISWorld Industry Report. Source: IBISWorld Bargaining Power of Buyers Key: 1 = Low; 5 = High Score # # # # # # Parameter Backwards Integration: If buyers (particularly in business to business selling) possess a credible backwards integration threat, their bargaining power increases. These buyers can threaten to buy producing firms or rivals. Buyer Independence: If the buyer does not need the firm to provide them with the product they are seeking, and if the buyer can go to another firm in the industry to obtain the same product, the buyer is considered independent, and the bargaining power of the buyer increases. Buyer Size: If buyers are fragmented—where there are many, small buyers—no buyer has any particular influence on products or prices. When the buyers are small and numerous, their bargaining power decreases. Alternatively, if buyers are concentrated—few buyers but with significant market share—their bargaining power increases. Financial Muscle: If the buyer has considerable financial influence, the bargaining power of the buyer increases. This can be the financial strength of the individual buyer, or the strength of the market as a whole. Low-Cost Switching: If the switching costs are not significant, buyer bargaining power increases. When there are significant switching costs, the products are generally not standardized and the buyer cannot easily switch to another product. Oligopoly Threat: An oligopoly is a market form in which the number of buyers is small (and are often individually large and powerful) while the number of sellers in theory could be large. Because the buyers have the advantage of being able to play one firm against another, the bargaining power of buyers increases. # # # # Price Sensitivity: When buyers are highly price sensitive, they tend to purchase only from those firms who can provide the lowest price. This increases bargaining power, as in order to keep the business of these buyers, firms must compete intensely on price. Product Dispensability: When the product a firm sells to the buyers is not a necessity for the buyers, the bargaining power of buyers increases. If the product is not vital to the buyers, they have the choice to go without it if the firm does not meet their demands. Tendency to Switch: As with the low cost of switching, a high tendency for buyers to switch leads to an increase in bargaining power. The ability to go from one firm to another gives the buyer power of choice. Undifferentiated Product: When a product is standardized, the buyer can easily obtain the product from any firm, increasing the bargaining power of buyers. Source: MarketLine/DataMonitor, Quick MBA & Purdue University Agriculture Innovation & Commercialization Center Analysis: Conclude the bargaining power and provide a brief analysis of the above.