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Explain product differentiation , Name a product and show how it has been differentiated
Step by step
Solved in 2 steps
- Evaluate the key marketing issues and their implications.From a marketing strategy and customer intimacy perspective, to what extent do you believe companies ‘know the business they are in?Imagine that you own your business. You are producing a product (it could be a service). You would like to differentiate your product. a) Why would you want to differentiate your product? b) How would you do it? How would your product differ? Please provide a specific product: a detailed explanation of your original product and how you would differentiate it.
- Name some of the challenges marketers encounter when developing advertising and promotional campaigns. How does the type of product affect the promotional strategies?Discuss the different types of markets. what are the key forces driving the new marketing realities?why monopolistic competition the food industry
- Consider any brand of your choice and discuss the stages of it's product life cycle and also the strategies that it will adapt in each stage of life cycle.Given a description of a company's marketing mix, classify the elements of the marketing mix and the category of marketing.Study the evolution of any brand/company of your choice regarding its target market. In addition, also discuss how the brand/company differentiate and position its products/services to get the maximum competitive advantage