1-Page Marketing Plan recommends targeting a niche market. This strategy is justified because: Marketers have limited amounts of money. Because trying to be all things to all people marketing failure. O Being too broad you reduce your 'specialness' and become a commodity bought on price. O Niching makes price irrelevant. O All answers are correct

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question

Only typed answer and please don't use chatgpt 

The 1-Page Marketing Plan recommends targeting a niche market. This strategy is justified because:
Marketers have limited amounts of money.
Because trying to be all things to all people
marketing failure.
Being too broad you reduce your 'specialness' and become a commodity bought on price..
Niching makes price irrelevant.
All answers are correct
#
Transcribed Image Text:The 1-Page Marketing Plan recommends targeting a niche market. This strategy is justified because: Marketers have limited amounts of money. Because trying to be all things to all people marketing failure. Being too broad you reduce your 'specialness' and become a commodity bought on price.. Niching makes price irrelevant. All answers are correct #
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning