Create a new product or service for an existing organization.Thisproduct or service will be the basis for your Marketing PlanPaper.Obtain your instructors approval of your product or service beforebeginning this project.Write a 1400- to 1750-word paper that includes the following: An overview of the existing organization A description of the new product or service An explanation of the importance of marketing to yourselectedorganizations success A SWOTT (strengths weaknesses opportunities threats andtrends) analysis on the new product or service The marketing research approach you would use to develop themarketing strategy and tactics for this new product or serviceRefer to the Marketing Plan Outline located on the studentwebsitefor the general framework of the Marketing Plan.Format your paper consistent with APA guidelines.