Assessment of Marketing
Developed by Rob Holland, Anne Dalton, Lynne Scott and Heather Sun
The University of Tennessee Agricultural Extension Service
October 2003


Marketing is an important part of any business and the product produced by that business. It is difficult, if not impossible, for a business to succeed if any of the details for marketing the product are neglected. Regardless of the greatness of a product, unless consumers know about it, are convinced of its greatness, and can obtain the product, success will be limited.

This screening tool is an instrument that assesses a product, the marketing plan and marketing conditions for achieving optimal marketing success. It is an interactive tool; no recommendations, marketing plan, or interpretations will result from the interaction. Instead, strengths and/or weaknesses in marketing awareness and readiness should be gleaned from using the tool. Hopefully, a broad perspective of the dynamics of marketing based on current research will be obtained.

The tool is designed for and targets clientele/entrepreneurs who have a specific product identified, have a complete marketing plan for the specific product and want an assessment of the probability of this product succeeding in the market. The assessment will not be as accurate if "just any" value-added product, rather than a specific product, is considered. Remember, the results will not be a detailed analysis nor will the feedback be a personal guidance or final answer on marketing. The result will be a score indicating the likelihood of a product's success in the market. This assessment will give you a better indication of the degree of market success your product might have, and if the marketing plan for the product is the best for your product and business.

This is a very thorough market assessment tool. There are 45 statements for you to address. It is estimated that it will take approximately 30 minutes to completely participate, score and explain this tool.


Directions
Filling in the "Personal Information" section of this assessment form is optional. If you wish, you can submit the form anonymously.
The assessment tool consists of 45 statements. These statements are presented in six sections:
   — Market Research and Analysis
   — Marketing and Financial Objectives and Goals
   — Marketing Strategies
   — Marketing Tactics
   — Marketing Budget
   — Monitoring and Evaluating Market Response
As you read each statement, read it as though it was written for you and your specific product and marketing plan. In the statements "my product" refers to your product — the one you have identified and have or hope to produce. "Competitive" products refer to products that would be competing with or can be substituted for your product.
After reading each statement, select the response that most closely describes your product and your situation. Remember, the more realistic you are in selecting your response, the more accurate the assessment.
Although the tool is presented in sections, NO score or assessment will be given unless there is a response given to ALL statements in each of the sections.



 

Personal Information
This section is optional. If you wish, you can submit the form anonymously.

Producer's Name:

Street Address:

City:    State:      Zip Code:

Name/Description of Product:

Phone:     E-mail:

 

 

Interactive Assessment
You must answer ALL the questions to receive an assessment score.


Section 1: Market Research and Analysis
1. My marketing plan includes market research and analysis.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
2. The market analysis showed a strong market for the product.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
3. Competitive products have been identified.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
4. The current market for competitive products was studied.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
5. The information obtained about the competitive products’ markets was used in developing/refining “my product.”
    Agree Somewhat Agree Somewhat Disagree

Disagree

 
 
6, Social trends, including but not limited to health, safety and environmental issues, exist that could positively affect my product’s sales.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
7. The strengths and weaknesses of competitive products have been identified.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
8. The strengths and weaknesses of competitive products were addressed when determining marketing strategies for my product.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
9. Suitable market channels for my product have been appropriately evaluated.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
10. The market channels identified as suitable can accommodate the required level of sales.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
11. A target audience for my product has been identified.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
12. Age, gender and family type were used to define a target audience for the product.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
13. Information on personality traits, including but not limited to attitudes and values, was used to define a target audience for the product.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
14. The target audience’s activities and interests were identified.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
15. Information concerning the target audience’s activities and interests was used to position my product.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
16. My product meets needs of the target audience that are not currently being met by the competitive products.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
Section 2: Marketing and Financial Objectives and Goals
17. The marketing plan includes marketing and financial objectives and goals.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
18. An estimate of sales has been calculated for my product.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
19. Specific, quantified sales goals for the product have been established.
    Agree Somewhat Agree Somewhat Disagree Disagree
 
 
20. Sales goals for the product can be easily measured.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
21. My product’s price is consistent with marketing and product positioning strategies.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
22. Variable costs were used in determining the price of my product.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
23. Fixed costs were used in determining the price of my product.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
24. Estimated sales were considered in determining the product’s price.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
Section 3: Marketing Strategies
25. My marketing plan includes marketing strategies.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
26. My product has been field tested.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
27. Field test data was analyzed, and results were used in formulating marketing strategies.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
28. My product meets the consumer's needs at a lower price than its competitive products.
    Agree Somewhat Agree Somewhat Disagree Disagree
       
      
29. My product’s packaging is enticing and will sway the target audience to purchase it.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
30. Information on the package is easily communicated.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
31. My product is packaged in container types and sizes that are friendly to the target audience.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
32. Packaging is such that my product can be easily placed on shelves or other store displays.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
33. A niche market exists which my product can tap.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
34. National and regional demands for my product are increasing.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
 
Section 4: Marketing Tactics     
35. My marketing plan includes marketing tactics.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
36. Promotional activities and tactics, used to entice customers, have been planned for my product.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
37. Specific plans for advertising my product, such as radio spots, newspaper articles, billboards, etc., have been developed.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
 38. Both promotions and advertising will be used to generate sales.  
    Agree Somewhat Agree  Somewhat Disagree Disagree
      
            
 39. A time line for implementing promotions and advertising has been determined.  
    Agree Somewhat Agree  Somewhat Disagree  Disagree
      
      
Section 5: Marketing Budget   
40. My marketing plan includes a marketing budget.
    Agree Somewhat Agree  Somewhat Disagree Disagree
      
      
41. My marketing budget is five to 10 percent of the expected annual sales.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
Section 6: Monitoring and Evaluating Market Response Plans
42. My marketing plan includes monitoring and evaluating market response plans.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
43. An instrument for evaluating marketing effectiveness has been developed.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
44. A timeline has been designated for the marketing evaluation.
    Agree Somewhat Agree Somewhat Disagree Disagree
      
      
45. My marketing plan includes a marketing plan checklist.
    Agree Somewhat Agree Somewhat Disagree Disagree
           

 

I wish to be contacted by the Center for Profitable Agriculture.

 

This project was funded in part under an agreement with the Tennessee Department of Agriculture and the USDA Federal-State Market Improvement Program.



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