Understanding the marketplace and customer needs and wants: What are a few (at least 4) trends within the company’s microenvironment and macroenvironment? What do consumers value in this product? And/or how are you meeting consumers’ needs?   Describe the customer value-driven marketing strategy as it relates to your product using the following 4 steps.   Segmentation Market Targeting Positioning Differentiation

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
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  • Understanding the marketplace and customer needs and wants:
    • What are a few (at least 4) trends within the company’s microenvironment and macroenvironment?
    • What do consumers value in this product? And/or how are you meeting consumers’ needs?  
  • Describe the customer value-driven marketing strategy as it relates to your product using the following 4 steps.  
    1. Segmentation
    2. Market Targeting
    3. Positioning
    4. Differentiation
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