Discuss what are the most effective methods for developing a marketing plan for a new product or service that has no existing market or competition?
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Discuss what are the most effective methods for developing a marketing plan for a new product or service that has no existing market or competition?
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- What are the most effective methods for developing a marketing plan for a new product or service that has no existing market or competition?Select an existing company and create a new product or service. The product or service you select must encompass all components of the marketing planWhat is the purpose of a marketing plan for a company or a product/service? What do you think about each step of the marketing plan? Select one of the steps of the marketing plan and provide your explanation.
- How can a company effectively identify and target the most profitable customer segments within a chosen market? What strategies can be used to maximize profitability within these segments?Identify a product or service you want to market, and choose a market targeting strategy you think is best to apply on your chosen product/service.Discuss these three objectives: obtaining an MBA in Marketing Becoming a professional in the Marketing field Living in a smaller city as a Marketing professional
- Describe the marketing strategies that can be utilized at the growth stage to sustain the sales and profitability of the product pattyHow is a marketing-oriented firm different from a production-oriented firm or a sales-oriented firm?Think of a specific product or service then formulate a concrete marketing strategies that can gain valuable feedback and how to imimprove your product or service that will meet the needs of your target market
- In the short-term, how does a marketing manager encourage growth through sales promotions of the product?Describe the current competitive market for your product. Can you identify the number of brands or the market share that they hold? Expand your analysis to include other products that are similar or could be substituted for yours.Are the objectives of the Marketing Plan precisely defined?