Marketers must understand the current and potential environment in which the Product or service will be marketed. Explain situation analysis

Q: Do the market segmentation for SUCRAL (a substitute of sugar for diabetic patients), what different…

A: Product, price, place, and promotion are the essential factors that are involved in marketing a…

Q: Please explain the current market situation for Em Cosmetics.

A: EM is a Vietnamese word that means "You". EM Cosmetic is launched in 2013. This was launched by…

Q: What is the difference between product markets and generic markets? Provide example for each

A: Generic markets are usually made up of groups of people who have a common need that can be met by a…

Q: Marketers must understand the current and potential environment in which the product or service will…

A: Marketing is the most important activity along with production for the company. Production helps to…

Q: micro and macro marketing environments and explain how the company might respond to these…

A: The micro and macro marketing environments are-

Q: Describe the elements of a company's marketing environment and discuss why marketers play a critical…

A: Disclaimer: Since you have asked multiple question, so as per company policy we will solve the first…

Q: Explain the different stages of marketing process needed to create value for customers?

A: The marketing process is the process in which company plant their growth accordingly and work to…

Q: Compare and contrast the nature of the business market structure and demand relative to consumer…

A: The organizational marketer should consider various factors related to market structure and demand…

Q: Discuss at least 4 special issues that some marketing researchers face and suggest possible solution…

A: A researcher or a marketer when plans to start a business or launch a new product, service or idea…

Q: Which components of a marketing plan are suitable for developing market growth strategies? Explain

A: The market growth strategy is the marketing plan of the company to overcome failures and achieve…

Q: Which marketing function helps marketers answer the question, "What are we going to produce or sell:

A: The different marketing functions of marketing helps the marketers in deciding upon which product…

Q: How do marketers use local marketing and individual marketing? Do these terms mean the same thing?

A: Both local and individual marketing concepts are essential for fulfilling customers basic…

Q: How can the study of consumer behavior assist marketers in segmenting markets and positioning…

A: Market segmentation happens when the organisation separates its clients into the market…

Q: Compare and contrast the production, product, selling, and marketing concept. Provide an example of…

A: Marketing is that wing of the forest which when started which involves the development of any…

Q: How do marketers identify the Most Valuable Customers and understand their Needs?

A: Customers can be elaborated as those individuals who become the purchaser of the product offered by…

Q: Examine the organization’s external environment and make inferences as to the impact these external…

A: Organizations need to exploit, adapt, and fit with the dynamics of their external surroundings in…

Q: Select any contemporary issue in marketing and briefly elaborate it!

A: There are varied emerging issues in marketing in current everchanging era of globalised trading.

Q: What are the benefits of market segmentation? Provide a current example situation.

A: Market segmentation is the process of distinguishing the target market based on common…

Q: Describe the challenges marketers face with changing economic conditions. What factors should…

A: The challenges, which marketers face with changing economic conditions are discussed as follows -

Q: Discuss the reasons why customer experience is getting more attention in marketing today and how…

A: Customer experience: Client experience is the impression your clients have of your image overall all…

Q: Describe how marketers createvalue for a product or service.

A: Marketing is an activity that a company performs to promote and to deliver the message to the…

Q: Describe the level of market orientation that currently exists in your company. How will a market…

A: Previously company used to be organisation centric and used to create products with prejudices and…

Q: Please write a short note on "  Societal Marketing Concept" with two suitable examples. Please…

A: The concept of societal marketing assumes that the organization's mission is to determine the target…

Q: What dimensions do consumers and business customers use to evaluate service quality? how should…

A: Service quality refers to meeting the standards and expectations of consumer in order to fully…

Q: What is Marketing mix? Which marketing mix variable is probably the most flexible? Provide specific…

A: Marketing Mix The term "marketing mix" refers to a group of procedures, or techniques, that a…

Q: Discuss the two important questions a marketing manager must answer when designing a winning…

A: Every company tries to help customers by creating solutions on their problem. The customer get thess…

Q: Introduction to Marketing Compare the institutional and government markets and explain how…

A: The institutional market consists of business or organizations that provide care to people or…

Q: Explain marketing segmentation during launching a product or service ?

A: When trying to reach customers with an advertising campaign, it is essential to target the right…

Q: Of the factors that influence consumer behavior, which category or categories (cultural, social,…

A: The consumer buying behavior describes the steps that consumers take while purchasing a…

Q: marketers extend the life cycle of an established product

A: Extending the life cycle of a product is very important to establish your product in the future also…

Q: List and briefly describe 4 variables from the external marketing environment. Provide a brief…

A: External marketing is concerned with adding value to your brand to benefit your customers and…

Q: Why is there a close relationship between marketing and CRM? What is involved in building the…

A: Customer relationship management: Customer relationship management is a process in which the…

Q: What are the forces that have been identified by Michael Porter that determine the intrinsic…

A: Porter's five forces are meant for analyzing the competition level for a business. It is taken from…

Q: Identify a restaurant or hotel market sagment in your community that you feel would be a good market…

A: Market segmentation is a marketing concept that describes grouping potential customers into segments…

Service capacity

Service capacity may be understood as a volume that service can be managed while ensuring certain pre-defined quality standards and overall delivery performance. Service capacity management focuses on providing better services to clients and customers as per their demands.