Q: select a Pakistani local brand (preferably underperforming) Identify the brands exiting marketing…
A: Introduction- Pak Leathers Craft Ltd. is a Pakistani is a Karachi based leather manufacturing…
Q: Define the following and provide example for each of them: 1- Differentiation 2- Marketing mix
A: The marketing concept refers to the need identification of consumers to produce and sell products…
Q: “Continuous market study and analysis can help a company to gain from taping new opportunities,…
A: Many companies ignore the importance of market research and continue with their existing products…
Q: How will the product be positioned in relation to this market?
A: Product position refers to the marketing approach that represents the advantages associated with the…
Q: Identify a product or service you want to market, and choose a market targeting strategy you think…
A: Market targeting strategy: If a business wants to market its product and services, they need to…
Q: Define Scope of the market.?
A: A market is a place where organization functions, a set of processes for creating communication and…
Q: How companies can position t
A: Talking about how companies position their products for competitive advantage in the marketplace…
Q: marketing strategies that can be utilized at the growth stage to sustain the sales and…
A: In the product life cycle there are five stages Product Development Stage, Introduction Stage,…
Q: How do companies use target markets to sell products?
A: The selection of the target market is the second stage in the marketing planning process. This step…
Q: Explain the term Target market?
A: For a business to succeed, it must have the customers needed to buy the product or service it…
Q: Define the term target market?
A: Introduction STP marketing stands for Segmentation, Targeting, and Positioning. It is a marketing…
Q: briefly discuss the four criteria used to select target markets?
A: Selection of the optimal target market with respect to the company's product offering is of great…
Q: Explain the advantages and disadvantages of different types of business. Describe the various costs…
A: Business are three types 1.sole proprietorship 2.Partnership Business 3.Companies
Q: Write a marketing plan outline for the board game candyland by
A: Disclaimer: Since you have posted a question with multiple sub-parts, so as per the company…
Q: Which Design Alternative will you choose and explain your decision?
A: THE ANSWER IS AS BELOW:
Q: Directions: Write a one page essay about a product that you consume today. Use the following guide…
A: A capitalistic system is where most of the businesses are run by private individuals. Growth is the…
Q: Identify a specific market problem that you have seen in your locality and provide the market needs
A: Marketing problems are the issues the marketers are facing to conquer. These problems might be…
Q: you are assisting Taj hotels in relaunch Post covid, design its Segmentation, targeting and…
A: Segmentation and targeting are the most important activities of marketing. It helps the marketers in…
Q: What is the range of the target market?
A: Ans. Introduction With regards to marketing your business, everything revolves around characterizing…
Q: How do companies add value to products via their marketing channels? Give an example and explain
A: Marketing channels are all set of people or organization that perform activities to transfer…
Q: Discuss how are the characteristics and marketing needs of the product and service they selected…
A: A brand is a product category that a corporation makes under a specific name in order to increase…
Q: How can the Target markets be selected?
A: A target market is a collection of people who share common needs, perceptions, and interests. They…
Q: what is the industry life cycle? and determine where the high-performance sportswear industry is?
A: The Industry Lifecycle can be elaborated as the concept of business that studies the different…
Q: Describe the current competitive market for your product. Can you identify the number of brands or…
A: Every market will have different competitive structure and number of competitors. Depending up on…
Q: Explain bases for segmenting customer markets?
A: Market segmentation is the process of dividing the market into distinct sub markets of consumers…
Q: What are the general approaches for selecting target markets?
A: After identifying the market sector, a company must decide how to contact the chosen markets. Many…
Q: Explain how strategies are implemented in relation to service product characteristics and in…
A: A strategy describes however the ends (goals) are going to be achieved by the means that…
Q: Explain how strategies are implemented in relation to service product characteristics and in…
A: The consistently expanding worldwide rivalry and requests for more noteworthy organization…
Q: Why is market segmentation important to service firms?
A: Market segmentation: Market segmentation refers to the process in which the consumers in the…
Q: Develop a "Marketing Plan" based on Principles of Marketing for a product or service of your choice…
A: Marketing plan based on principles of marketing: Let us take a product or service as an example for…
Q: What can be a particular product (goods or service) that can be offered in the market that can…
A: Customer loyalty Customer loyalty means that how much the products and emotional feelings of…
Q: Develop a brief marketing plan for a new product that you will launch in your country
A: Brief marketing plan :The marketing product that is to be launched in the country india. it is…
Q: Explain Why is it important to actually observe consumers and customers to develop new products?
A: When a company decides to design a new product and launch it in the market, the 1st step they take…
Q: Describe the bases for segmenting business markets?
A: Market segmentation is the process of categorizing the market into smaller by grouping similar…
Q: What is the core product, augmented product and total product sold at a University? How does this…
A: The renowned Economist Philip Kotler created the Five Product Levels model in the 1960s. It offers a…
Q: For Further Research (Individual) Select a company that has products under the same corporate brand…
A: Brand Portfolio can be described as the umbrella of one brand under which several smaller brands are…
Q: What is the evolution of tourist attraction?
A: Attractions are a core component of tourism. They are often called “tourist attractions” because…
Q: Describe the use of marketing research throughout the new product development process. What should…
A: Marketing research is a procedure of collecting, recording, and recognizing qualitative and…
Q: What type of market does this fall into?
A: The medicine box falls into the market of-
Q: how do we prepare to create a marketing plan of italian decorative coating for walls and floors
A: A marketing plan is an essential archive that indicates the association's objective business…
Create a list of potential target markets of different companies whether it offer products or services then discuss.
Step by step
Solved in 2 steps
- identify three possible target markets that might require the services provided by a business and the best marketing approach for each?Identify a product or service you want to market, and choose a market targeting strategy you think is best to apply on your chosen product/service.How can a company effectively identify and target the most profitable customer segments within a chosen market? What strategies can be used to maximize profitability within these segments?
- Choose a fast-food restaurant chain that does business in your area. Describe the company's target market and explain how its marketing mix is designed to appeal to this target market. Explain how they segment the market to match their product/serviceExplain the term response?Define the term Concentration of Customers?