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What is a Strategy that creates new products for present markets?
Wiki User
∙ 13y ago
I'm not sure of what your question applies. But taking it in such a way I would like to point here my suggestions of what I have understood from the question.
- Marketing strategy doesn't intend in the creation of new products. Moreover, marketing strategy has been structured in gaining a better visibility to the new products (*completely a reverse procedure).
Applying a better marketing technique will bring in a better result for the product, in which the users will suppose to be your customers after.
It models your business product to the fame and thus, it lets the users to have a try with your product. This in turn will aid you to experience the growth in ROI of your business :)
Wiki User
∙ 10y ago
Wiki User
∙ 13y agomarket strategy development and trhe whole pocess of new product is known as new product develpment process
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How does Gerber market to children?
To be honest, I think Gerber markets more to parents by advertising on children's programming that parent's may be watching with their children. Gerber markets products that are for children at an age where a parent is more likely to be present during the advertisement being they are toddlers requiring supervision.
What is the product market expansion grid?
Ansoff's Product-Market Expansion Grid Ian Ansoff has proposed a useful framework called the product/market expansion grid for detecting new intensive growth opportunities. There are four strategies, one for each of the quadrants: Market Penetration StrategyWhen the product is in the current market, it can still grow. There are three major approaches to increasing current product's market share:1. Encourage current customers to buy more.2. Attract competitor's customers.3. Convince non-users to use the product. Market-Development StrategyWhen the current product is launched in a new market, there are three approaches to develop the market:1. Expand distribution channels.2. Sell in new locations.3. Identify the potential users. Product-Development StrategyWhen a new product is launched in the current market, the intensive growth strategies could be to:1. Develop new features.2. Develop different quality levels.3. Improve the technology. DiversificationWhen a new product is launched in a new market, diversification makes good sense as better opportunities are found outside the present business. The diversification strategies are of three types:1. Concentric Diversification Strategy: Develop new products with the earlier technology for new segments2. Conglomerate Diversification Strategy: Develop new products for new markets.3. Horizontal Diversification Strategy: Develop new products with new technology for old customers. OLD PRODUCTS NEW PRODUCTS OLD MARKETS Market Penetration Product Development NEW MARKETS Market Development Diversification
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Periodization is the disciplinary strategy with which the present establishes its rule over all, athletes use them so as to get a strict schedule on their workouts.
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What is a marketing strategy that creates new products for present markets?
market strategy development and trhe whole pocess of new product is known as new product develpment process
What is an intensive growth strategy?
It is a strategy of "aggregation" or expansion under which growth is achieved by expanding the scale of operations.This strategy involves expansion of firm's product range and market. Three alternative strategies in this regard are as follows:(a) Market Penetration: This strategy aims to seek increased sales of the present products in the present markets through more aggressive promotion and distribution. The firms tries to penetrate deeper into the market to increase its market share. More money is spent on advertising and sale promotion to increase sale volume.(b) Market Development: This strategy aims to increase sales volume by selling the present products into new markets. For example, Pepsi Cola has achieved growth by capturing foreign markets. The existing product is pushed into new markets by changing its packaging, or band name, etc.(c) Product Development: Under this strategy, a business seeks to grow by developing improved products for the present markets. The current product may be replaced or the new products may be introduced in addition to the existing products. The introduction of "Colgate-gel" by Colgate-Palmolive (India) Ltd. is an example in this regard.To sum up, the intensive growth strategy involves the internal growth of the concern within its existing corporate structure. It is also known as growth through aggregation. The management of a firm may decide to grow through expansion of scale of operations in order to attain optimum size. The firm will achieve many economies in purchasing, production, financing, marketing and management.
How does Gerber market to children?
To be honest, I think Gerber markets more to parents by advertising on children's programming that parent's may be watching with their children. Gerber markets products that are for children at an age where a parent is more likely to be present during the advertisement being they are toddlers requiring supervision.
How do you make a SWOT analysis for an Engineering and manufacturings Company?
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How many atoms of hydrogen are present in the present in the reactants and in the products?
2
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