Look for a nearby company that recently introduced a new consumer product as an example. Describe how the four Ps were implemented by the company while releasing that new product, and then describe its success following the launch.
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Look for a nearby company that recently introduced a new consumer product as an example. Describe how the four Ps were implemented by the company while releasing that new product, and then describe its success following the launch.
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- For the Ring secutiry device, choose one growth strategy for this product: market penetration, product development, market development, and diversification. Provide reasons for your choice and how the company can achieve these objectives.Apple claims to never do any marketing research for new product ideas but instead creates products that Apple employees themselves would be excited to have. What are the risks of this approach? Would it work for all consumer and organizational markets?Choose a product and then describe how you would use the Ansoff product-market growth matrix to design strategies for market penetration, product development, market development, and diversification of that product. Do not copy from another chug answer. Authentic answers only please.
- Instructions Suppose you want to promote a line of costume jewelry to upper-middle class teenaged girls. What factors, you think, would influence the buying behavior of your target market? How each of these factors will affect their buying patterns?Being first to market can be an advantage and a disadvantage. Provide at least one reason for each.Think of a specific product or service and then formulate a concrete marketing strategies that can gain valuable feedback and how to improve your product or service that will meet the needs of your target market. Discuss.
- "Marketers are skilled at stimulating demand for their products”, elaborate this statement by giving three examples?What is marketing? Compare between goods and services. In brief, why and how do you think we can make our customers happy, satisfied and delight? Support your answer with related examples from Oman.Think of launching a new product- A- Ice cream B- Smartphone C- Car D- Digital Electronic toys for toddlers E- Food Processor You can choose any product out of the list and Prepare a Marketing Plan. The Marketing Plan must be effective enough to impress the audience and create a lasting impression.
- Choose an existing product that you believe might benefit from repositioning. It may be a food product, a form of entertainment, a type of electronic equipment, clothing, and so forth. Visit the firm’s website to see how the product is positioned, and identify ways in which marketers might reposition the product.What is marketing myopia for any company in the market? How can we stop it? Explain it with suitable exampleAnswer questions 3-6 in relation to that product: Questions Please note the product chosen is mineral water. explain each question in details (1) Describe the product that you have Chosen . (2) Comment on the information provided on the label (3) How does the price of the product compare to the prices of the similar products in the category? (4) Who (which target market) is the product targeted to? (5) What consumer need does the product satisfy? (6) What marketing activities are used to promote the product in the store and nationally?