Outline how the development of existing products or services can provide marketing opportunity options for a business, both in existing and new markets. Relate your answer to relevant diversification strategies from the Ansoff matrix.
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- Outline how the development of existing products or services can provide marketing opportunity options for a business, both in existing and new markets. Relate your answer to relevant diversification strategies from the Ansoff matrix.
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- Although product and services require different marketing strategies, consumers are the centre of every marketing program. Using relevant examples, evaluate how product and service companies build offerings that bring value to their target market?Distinguish between the three basicstrategies for reaching target markets.Is Service Marketing Different From Product Marketing? Discuss pros and cons in detail with suitable examples from any/various industries. Explain Briefly
- There are many definitions for marketing. In your own words, explain your understanding of marketing? Using appropriate examples, explain “in your own word” how does a company go about "marketing" its products or services?a) Define micromarketing and discuss its importance in creating successful marketing.b) Discuss how you can create customers for any product of your choice. Give illustrations to support suggestions. i need more detailsHow would internal marketing be of help? Show specific examples
- "What methods and factors should businesses consider when evaluating the market potential for a new product or service in today's dynamic business environment?"How would you describe a "market niche?" Describe four product/services that you own or consume that you would consider to be "niche" products. Why do you believe this to be true?How is service marketing different from product marketing? Explain and Give examples.
- Create a list of potential target markets of different companies whether it offer products or services then discuss.Marketing How can the marketing mix be used to effectively differentiate and position your product or service? What are some differences between domestic and global marketing plans? How do environmental factors differ in domestic and global marketing plans? How do domestic and global influences affect the differentiation and positioning strategies in different business models?Think of a company that offers either product or service in which you think contains the three approaches of contemporary marketing (Relationship Marketing, Industrial Marketing, and Social Marketing).