What is Marketing Myopia and what cause market myopia? Why a business suffers from marketing myopia? How can it be avoided? What causes of marketing myopia? And which concept leads to marketing myopia? What is a marketing Myopia strategy?

Q: What is the AIDA model in marketing, and how does it relate to the consumer decision-making process?

A: The AIDA model abbreviated as Attention, Interest, Desire, and Action constitutes of a framework for…

Q: How does a holistic marketing approach foster innovation and creativity in marketing campaigns and…

A: A holistic approach views the business as a whole, with all of its components working together to…

Q: Describe a responsible marketing innovation that has stood out over the past year of 2023 in the…

A: Responsible marketing refers to the practice of promoting products or services in a manner that is…

Q: Determine three specific activities that a company can do to combat consumer distrust.

A: Customers are seen as a very precious element in any business as the overall success or failure of a…

Q: Identify several organizations that have in your view adopted the marketing concept (market…

A: Introduction:- Market Orientation refers to the approach where business first identify the needs and…

Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.