Q: What are the three levels of market coverage? What types of products are each used for?
A: A particular area where buyers and sellers come together to trade products and services is known as…
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: How will you gather information about competitors, their products, and the prices that they charge…
A: To build a successful business, you have to come up with products and services that stand out from…
Q: Would current customers benefit from the product?
A: Business analysis is a test to evaluate a new-product idea, usually before any prototype has been…
Q: The first question a marketer should ask in developing market strategy should be O "When is it best…
A: The First question a marketer should ask in developing market strategy should be which customer do…
Q: How can each element help a firm reach a target market?
A: The promotional mix refers to the numerous modes of communication that businesses utilise to…
Q: Think about your own purchasing habits and the buying habits of your friends/coworkers. Can you…
A: The product which is easily available on the Alibaba website is apparel like shirts, t-shirts shoes,…
Q: When a company brings something new to the market for the first time, it is known as _?
A: New products are the products that the company has never made before or sold in the market. The…
Q: how do we get our product to consumers in the best and mostefficient manner?
A: Customer orders are the customer's needs and preferences. They order the goods and services they are…
Q: If you were to practice, what are some ways by which you can increase the market's demand for your…
A: Ans. Some products demand fluctuate seasonally. During the mean season, a sedate and basic technique…
Q: In a situation where demand exceeds supply , which marketing orientation would you expect most firms…
A: Business managers have to face many decisions day to day. They have to plan many strategies and…
Q: What should the firm do if customers want to purchase a product that is not only bad for them but is…
A: A product is a good or an object that is sold in the market to satisfy the needs and requirements of…
Q: How are you going to raise awareness of your products within your target market efficiently?
A: The methods used for spreading products awareness among the targeted audience are explained below in…
Q: If your target market are students, What do they need? What do they want? What products can you…
A: Market targeting decisions are taken based on the market segmentation. The company first segments…
Q: What is meant by advance against goods? Discuss the advantages and disadvantages of it
A: Advances against stock are permitted to dealers for their trading exercises, to creators and makers…
Q: What will buyers can give to sellers in return?
A: Buyers or Customers can be referred to as those people who become the purchaser of the product…
Q: What are some of the ways by which you can easily identify your target market?
A: Targeting means making strategies for the segmented customers group. This is done to focus upon the…
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 a product? How do consumer products differ from industrial products?
A: A product can be physical or virtual. Physical products incorporate strong products (like vehicles,…
Q: What are the Advantages of Using IT in a Competitive Environment?
A: Information Technology (IT) is very crucial part of the environment. The changes in IT raises…
Q: characteristics of an attractive industry? How would you identify that a target market is attractive…
A: Targeting strategy breaks a large market into smaller homogeneous segments to concentrate on a…
Q: What are the potential risks if the marketing mix is not considered?
A: Risks are present everywhere. Some of the risks can be predicted and can be avoided. But some risks…
Q: some people believe that the higher a product is priced, the more likely it is that people will want…
A: Whenever people go for shopping or for buying goods they try to get the best product according to…
Q: 1. How did you arrive in your decision to buy that particular product? 2. Do you think you have…
A: The consumer goes through various phases before buying the product and evaluation and assessment is…
Q: How do marketing activities add value to products?
A: Marketing is developing a message about a product or service and effectively communicating that…
Q: Assume your company makes Laptop and Computer products. Make a list of all the companies that could…
A: A Market can be described as a place where free trade of products takes place. It can be referred to…
Q: Explain what are the two primary factors that are difficult to estimate the initial market size ?
A: Any business's ability to estimate market size is crucial. It is carried out to determine the…
Q: How can the company differentiate its goods and/or services from those of its competitors?
A: The following is the response:
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: Create a list of potential target markets of different companies whether it offer products or…
A: List of potential target market of different companies are explained below:
Q: What is the importance of selecting the best product to meet market needs?
A: A product is something which is offered in the market to the customers for a certain price in…
Q: How do consumer products differ from industrial products?
A: Products are offerings of the company for the customers in order to fulfill their needs. A product…
Q: What has my company done in the past with its: Target markets?Products? Pricing? Promotion? Supply…
A: The marketing mix is a model used by the marketers to organize the components of marketing into 7…
Q: Will the new product cannibalize sales of existing products or will it increase revenues by reaching…
A: Market cannibalization is a loss in the sale of company's existing product by the introduction of a…
Q: Give an example of a company that is countering this trend by offering more realistic dolls for…
A: Barbie currently comes in three new body shapes: stunning, unimposing and tall. Each of the three…
Q: If your target market are teenagers, What do they need? What do they want? What products can you…
A: These days there are various organizations and various industries that are active in the world.…
Q: should a company choose the most attractive target markets?
A: An attractive market segment is one that provides your company with solid current or long term…
Q: What is a new product? Why is understanding new products so important to marketers? What are the…
A: New products are products that have never been made or sold before that have been taken to the…
Q: What type of market does this fall into?
A: The medicine box falls into the market of-
Q: As a consumer, what are the different factors that will make you buy their products or services?
A: Above question is answered below:
How will a company will market their product online when customers have so many other options and the competition is tougher than ever?
Step by step
Solved in 2 steps
- Will the new product cannibalize sales of existing products or will it increase revenues by reaching new market segments?How will you gather information about competitors, their products, and the prices that they charge for their products and services?How will you market a product if your budget was reduced to half?
- Do mobile phones and tablets have any drawbacks? How do the cost savings stack up against internet-based alternatives?Who is currently purchasing your products or services? Explain your answer. What audience will be interested in purchasing the product in future? Explain your answer. Where would individuals purchase your products or services from? Explain your answer. Who is the main competitor? Explain your answer. What upgrades could be made to your products or services to make it better? Explain your answer.In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?
- Read the following extract and then answer the question below Assume you are the marketing manager of Kgoro chain restaurants that serves Setswana cuisine. Your Chef has just completed a tour of local restaurants and has identified three new dishes that he believes will be top sellers in your chain. Before introducing the product, you must go through the steps in the new product development process to determine the sales and profit potential of the new dishes. Outline the steps in the new product development process and explain what you will do at each step to evaluate the new dishes before putting them on the menu.In what specific ways has the use of internet technology been crucial in the evolution of a certain business function or operation, and how precisely has this come to pass? Could you provide an example and evaluate the product's potential in terms of the value it may potentially bring to the market?You work for a cranberry company in Nova Scotia looking to enter the cranberry market in australia. Based on this scenario, How do you think the consumers will perceive your product relative to the competition? How is their product similar and different to yours? think about the product, packaging, and service.