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Assessment Answers on Marketing Plan For Dylndgold Sacha Inchi Seed Oil
Assessment Brief of Dylndgold Sacha Inchi Seeds Oil
- Document Type: Business plan
- Subject: Marketing
- Deadline:*: As Per Required
- Number of Words: 8000
- Citation/Referencing Style: APA
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PMA PROJECT: MARKETING PLAN
You are required to conduct the research and prepare the report INDIVIDUALLY.
You are a new Marketing Manager for a company that manufactures consumer goods for local as well as global market. The company has been very successful, despite aggressive competition throughout the industry. The top management has asked you to prepare a new Marketing Plan for Dylndgold Sacha Inchi Seed Oil, which begins to enter its decline stage due to stiff competitions. You want to impress the management team with your strategy and action plan. At the end of the project you are required to submit your Marketing Plan to the top management.
Prepare a a report of your Marketing Plan for the product. To write the report, you will need to conduct your own research, either secondary or and primary sources. Study the marketing mix of your chosen product. Your report should include a list of references used, whether from print materials or the Internet.
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Guidelines for Marketing Plan Project Report
- Analysis of market—“Where are you now?”
a. Description of the firm—current position in marketplace
b. Your product’s/firm’s strengths and weaknesses
c. Competition’s strengths and weaknesses
d. Sales trends and forecasts
- Business proposition—“Where are you going?”
a. Measurable and attainable objectives—long/short term goals
b. Target market—Identify your customers
c. Strategy statement—What are you proposing?
d. Key planning assumptions (cite sources of information)
- Action plan—“How and when do you get there?”
a. Product positioning—product/service description, value-added features
b. Price—pricing strategy, incentives (sales, discounts)
c. Place—sales area, distribution
d. Promotion—advertising methods, public relations
- Evaluation—“Did you do it?”
a. Achievements—evaluate relative to long/short term goals
b. Recommendation for future action
c. Contingency plan—what do we do if our project is not successful?
Written Plan Procedures
- The report must not exceed the given page limit (excluding references, appendices and title page).
- The report must be 1.5”-spacing, Margin: 1” all round; with Times New Roman 12 font size.
- The submission has to be in softcopy (email attachment – plagiarism checking purposes – Turnitin report).
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Background of Sacha Inchi
The Effectiveness of Sacha Inchi Oil Against Adults
Sacha inchi (or its scientific name Plukenetia volubilis L.) is a wild and grown plant that can be found in Peru. Typically, it grows at an altitude of between 100 m above sea level in low forests and 2000 m above sea level in high Amazon forests, such as in areas of Amazonas, Cusco, Junín, Pasco, San Martin, Loreto, and Madre de Dios.
Sacha inchi is a potentially high cereal crop because the plant’s seeds are rich in unsaturated fatty acids, especially linolenic acid (a type of omega-3 fatty acid) and a small number of linoleic acids (a type of omega-6 fatty acid). Sacha inchi also contains proteins and sterols.
Sacha inchi oil is also an alternative for fish oil rich in omega-3. The ratio of omega-6: the omega-3 contained in sacha inchi seed oil is about 7:10. Since fish oil has a less pleasant taste, more people choose to consume sacha inchi oil than fish oil.
Because inchi sacha oil is increasingly being used as an alternative to a variety of foods worldwide, consumers need to know about the effectiveness and safety of its consumption.
In 2014, a randomized controlled study on suitability, safety and effectiveness in the intake of sacha inchi oil orally against adults was conducted byGustavo F. Gonzales and Carla Gonzales of the Department of Biological and Physiological Sciences, Faculty of Science and Philosophy Alberto Cazorla Tálleri, Universidad Peruana Cayeto.
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The study aims to assess the effectiveness and side effects of the use of sacha inchi oil (which is rich in linolenic acid)as well as sunflower oil (which is rich in linoleat acid)on the subject of a group of adults.
In the study, a total of 30 subjects (comprising 13 males and 17 women) received 10 or 15 ml of sacha inchi oil or sunflowers a day for four months. The effectiveness effect of sacha inchi oil intake was reported to be low in the first week of the study, which was 37.5%.
During the sixth week of study, the effectiveness in the intake of sacha inchi oil and sunflowers has reportedly increased significantly by 81.25% to 93.75%. The findings found that both oils were able to lower LDL cholesterol levels (a type of dangerous cholesterol) as well as the blood pressure of the subject arterypara.
In the first weeks of the study, the effectiveness of consumption was reported higher for sunflower oil compared to sacha inchi oil. In the second week to the fifth, no difference was observed between subjects taking sacha inchi oil or sunflowers.
In the sixth week, higher efficacy was reported for sacha inchi oil compared to sunflower oil. In the seventh to 17th week, no difference was found for the use of sacha inchi oil and sunflowers.
The sex of the subject is not a factor that determines the effectiveness reported, as is the number of different oil intakes (10 ml or 15 ml). The number of different oil intakes provides the same effectiveness result.
In the fourth month, subjects taking sacha inchi oil reportedly had higher levels of HDL cholesterol (a type of healthy cholesterol) higher. In conclusion, the consumption of sacha inchi oil has a good effect after the first weeks of consumption and it is safe to use.
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Studies by Gonzalesjuga show that oral intake of sacha inchi oil by 10 or 15 ml in one dose can increase the level of DHA plasma within 24 hours.
Moreover, there were also several studies conducted by Lefkothea-Stella Kremmyda in 2011 and Jonathan Buckley as well as Howe’s Pastter in 2010 which reported that the use of inchi sacha oil could provide protection against the health of mother and child, cardiovascular health, insulin sensitivity, metabolic syndrome and cancer.
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