Year 2: Once the manufacturing is refined then Charles can look to developing a new marketing plan. The price can stay the same. The product packaging should be …show more content…
Management should look at expanding into new port areas such as Florida or other ports near the Mexican boarder. This position allows for two crucial growth strategies. The first is simple, this a new market to enter with the same market strategy because the consumers in the area can be grouped under the same market segment. The second is that negotiations can start with Mexico. These negotiations would be for setting up a new facility in Mexico to product the Charles chocolate. This can be used for generic and more consistently order products. Reliving the Portland factory of the non-specialized goods would increase the overall capacity of Charles to meet the new founded demand resulting from the changes in the previous three years. This will not only increase capacity but also increase the profit margin on non-specialized goods, which will increase the profit of the entire company as a