Name: This assignment requires that you partner with two other students (groups of three) to produce and market a product. You are required to produce the following popular kids play dough. In addition, the team must create an appealing and suitable container with label for the play dough. Appropriate packaging for the container must also be designed. Please keep in mind that young kids are the target market, and therefore your container/label and packaging should be designed with them in mind. Here is a recipe. Feel free to use one you may have at home. Play Dough Recipe 1 cup (250 mL) boiling water ½ cup (125 mL) salt 1 cup (250 mL) flour 1 tbsp. (15 mL) oil 1 tbsp. (15 mL) cream of tartar (a preservative) Food colouring or kool-aid (colour and smell) Boil the water, add the salt, and bring back to the boil. Remove from heat, add flour, oil, cream of tartar and food colouring. When the mixture is cool enough to handle, knead until smooth. In addition to creating your product you must develop a Marketing Mix Strategy to sell this play dough. During your presentation of your Marketing Mix Strategy to the class you must include the following information: 1. Product Description. 2. Price that you will sell your product at, including any package deals. 3. Promotion samples to help advertise and promote sales to kids. 4. Place(s) of where your play dough will be sold. 5. Consumer – A description of your target market (who your customer actually is). 6. Competition – Who are your direct and indirect competitors? Your presentation should include a power point and/or poster board to convey the above information. Note that all team members must participate in this presentation. See the evaluation rubric that is attached for details. Your team must be ready to present on: _____________________________ Good Luck to All Teams! Name: INTRODUCTION TO BUSINESS MARKETING CHALLENGE – EVALUATION Communication Presentation and Organization Level 1 50%-69% Satisfactory Level 2 60%-69% Good Level 3 70%-79% Very Good Level 4 80%-100% Excellent Thinking & Inquiry Marketing Mix Strategy Application Marketing Mix Strategy Ideas are not fully developed Demonstrates limited planning Information read Little or no eye contact Too quick Inappropriate language Ideas not always logical Some planning evident Some use of supplementary materials Some effort to make eye contact made Satisfactory speaking voice level and appropriate language Uses creativity and critical Uses creativity and critical thinking skills with limited thinking skills with some effectiveness when developing effectiveness when developing and identifying: and identifying: -pricing strategies -pricing strategies - packaging deals - packaging deals - target markets - target markets -distribution channels -distribution channels -indirect and direct competitors -indirect and direct competitors `Product description, labelling, packaging and branding are limited in appropriateness and effectiveness Promotional strategies: samples, advertising and promotional strategies are limited in appropriateness and effectiveness `Product description, labelling, packaging and branding have some appropriateness and effectiveness Promotional strategies: samples, advertising and promotional strategies have some appropriateness and effectiveness Ideas most often logical Planning evident Appropriate and creative use of supplementary materials Very good eye contact Clear speaking voice level and appropriate language Ideas logically developed Exceptional Planning evident Excellent use of supplementary materials Very good eye contact throughout presentation Excellent speaking voice level and appropriate language Uses creativity and critical Uses creativity and critical thinking skills with considerable thinking skills with a high degree effectiveness when developing of effectiveness when developing and identifying: and identifying: -pricing strategies -pricing strategies - packaging deals - packaging deals - target markets - target markets -distribution channels -distribution channels -indirect and direct competitors -indirect and direct competitors `Product description, labelling, packaging and branding are considerably appropriate and effective Promotional strategies: samples, advertising and promotional strategies are considerably appropriate and effective `Product description, labelling, packaging and branding are highly appropriate and effective Promotional strategies: samples, advertising and promotional strategies are highly appropriate and effective