What are the three questions marketers must ask beforedeciding on a competitive strategy?

Q: Give the most important 4 assumptions of a perfect market

A: A perfect market is defined as a market where both the buyers and the sellers have all the…

Q: consider what tools does the marketing team have to help identify those emerging competitors?

A: Competition has become one of the most dominant factors affecting the market trend and business…

Q: 1. Identify the factors triat ale Conta mdu 2. Examine propose opportunity using screening and…

A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…

Q: Discuss how the knowledge of marketing tools and approaches can benefit a strategic entrepreneur?

A: Marketing tools are very crucial for now days business trends because all the business are comes…

Q: When and how does a niche competitive advantage occur?

A: Every competitor will try to achieve similar goal which is limited. In terms of markets, every…

Q: What are the different types of market environment in which an organization operates.

A: Market Environment refers to the externa and internal environment in which a business operates…

Q: Define COMPETITIVE FACTORS?

A: The business environment includes the internal and external factors that affect the business. These…

Q: What are the main elements of holistic marketing? Explain in detail.

A: A business may decide to utilize a comprehensive showcasing approach when they are under the solid…

Q: Although managers can control the marketing mix, they cannot control elements in the external…

A: The marketing environment comprises components or factors that may be internal and external to the…

Q: What are the Indicators of market potential according to Geographic characteristics?

A: The regional marketing opportunity which give a comparative advantage to the firm comes under the…

Q: How does identifying trends in the marketplace help marketers’ strategicplanning efforts?

A: Modern-day marketers are working hard for the company to help it to fulfill its goals and…

Q: what are the requirements for markets to work efficiently?

A: The Prerequisites of an efficient market are explained below in the following points:- 1. Free flow…

Q: How do the marketers creat an innovative environment?

A: Innovation is the process of discovery or creation. It is concerned with incorporating an idea into…

Q: Critically discuss why it is important that marketers study the business environment within which…

A: Marketing Environment can be referred to as the various internal and external factors that have a…

Q: What is a market nicher? Discuss the strategies and risks associated with this competitive position.

A: Market nichers are companies which serve very specific needs of the market and which can't be met by…

Q: Give atleast three ways on how can we support different market structures.

A:

Q: Outline any five forces in the marketing macro-environment and provide an example for each one

A: Macro environment can be explained as the forces that are external in nature and influence the micro…

Q: What are the Indicators of market potential according to Demographic characteristics?

A: Demographics can refer to statistical data about the characteristics of a population. These…

Q: What are the benefits of a well-executed strategic marketing process?

A: Concept Introduction :- The strategic marketing process is a systematic approach that companies use…

Q: What is Marketing mix? How the marketing mix can impact competitive advantage?

A: Marketing mix A showcasing blend incorporates numerous regions of the center as a feature of a…

Q: Why marketers study their environment? Choose one successful company and discuss what factors and…

A: Please find the answer below.   MARKETING ENVIRONMENT: A marketing environment is made up of all the…

Q: What tests are performed with artificial intelligence in marketing and how

A: Global company leaders are utilising artificial intelligence to improve their operations with…

Q: How does the level of market concentration and the number of competitors in a given industry impact…

A: Market concentration refers to the degree to which a few large firms dominate a particular market.…

Q: As a marketer, why segment the market? Explain what approaches can be used to segment the market and…

A: In the context of marketing, market segmentation refers to the process of dividing the total market…

Q: 'Marketing environment is ever changing and affect the business organizations to a great extent',…

A: Market Environment refers to the externa and internal environment in which a business operates…

Q: Are there any executional elemtents of geofencing in marketing? If so, what are they?

A: Building a virtual fence around the specific geographic site of your choice, such as an authorized…

Q: Question- what are the important trends in marketing practices.

A: Trends refer to following changes occuring in the society so as to understand what is correct in…

Q: what is eCRM in Marketing? explain it's significance in today's competitive and dynamic business…

A: E-CRM is the use of Internet-based technology such as emails, websites, chat rooms, forums, and…

Q: Discuss two company’s that fail to define their marketing strategy?

A: Marketing strategy can be explained as plan that business uses to reach prospective or potential…

Q: Outline the economic factors thataffect marketing decisions andconsumer buying power.

A: The behaviour and attitude which the customers reflect while making their purchase decisions is what…