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1) What business you want to in Means: continue with the same or diverse depending upon market opportunity 2) Growth Marketers also need to consider the growth of the particular market 3) Segmentation Depending upon the internal and external factors company need to decide its target segment, which can give maximum growth to the company 4) Government policies Some countries are less acceptable while some are more flexible. Cots 5) Raw materials Basic need: from where you can have access of material. It also include your employees, so decide can you own right resources at right time and at economical rate, can you get required human capital depending upon company requirement. 6) Advertisement strategies Identify cultural, psychological factors, geographical, demographical and many more. The strategies which are suitable to India may not be same to America or European market. 7) Geographical factors Income, segment, education and many more such factors should be consider
there is the the need to market your product after production in other to create the necessary awareness of the product now on the market and to keep inform both new and existing customers of the product.
Marketing Offer - some combination of products, services, information, or experiences offered to a market to satisfy a need or want.
define the problem or the need
Market Research is a key factor to get advantage over competitors. Market research provides important information to identify and analyze the market need, market size and competition.Modes of Market Research and quantitative -- how many and qualitative -- what kind.Quantitative Market Research includes tasks such as:» Consumer Market Survey» Market Research Data Collection» Statistics» Market Significance testing» Market Research Data Analysis» Data Validation ServiceQualitative Market Research includes tasks such as:» Brand Market Research» Market Sector Research» Consumer Market Research» Pricing Research» Market Research Focus Groups
Segmenting is when you see the need to target one specific group or market for your products/services. The particular group (segment) has or displays a different need from the rest of the consumer population.
Segmenting is when you see the need to target one specific group or market for your products/services. The particular group (segment) has or displays a different need from the rest of the consumer population.
The reception by the local people. For example, beef hamburgers will not sell well in Hindu India, where people don't eat beef.
Walmert
Other than what .
What kind of bussiness we do.
The size you want your drawing to be.
Number of departments affected.
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
By sex: vitamins for men and for women. Women need more iron and calcium than men. By age: older people have different needs than children. You might need several different products: for babies, growing children, teens, adults, and senior citizens
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