Come up with a brand name for a hypothetical product of your choice. Explain briefly. 2. Come up with a why statement for your brand. 3. Describe how your product will be differentiated from competitor products

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Q: 5. What is a marketing strategy? 6. Define the four components of a marketing mix. Use either…

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Q: Marketing Strategy  5. Define factors that determine your marketing strategy (at least 3). 6.…

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Market Research Methodology

Market research refers to employing strategies, collecting data, and studying the target audience of a product by an organization. Businesses analyze customer data to figure out consumer trends, improve product design, improve user experience, develop customer-centric marketing campaigns, generate high-quality leads, and boost conversion rates. Phone surveys, test marketing strategies, and focus groups can be used for marketing research.