This document is a marketing assignment for Lipton Ice Tea. It includes a mission statement, objectives, situation analysis, target markets, and marketing mix for the product. The situation analysis identifies strengths like brand recognition, health benefits, and cost advantages as well as weaknesses like higher costs and lower shelf life compared to soda. The target markets are convenience-seeking consumers and health-conscious baby boomers. The marketing mix proposes new flavors, a partnership with PepsiCo for distribution, and an initial "push" promotion strategy followed by "pull" awareness campaigns. Implementation, evaluation, and quality control measures are also outlined.