Solved: Marketing strategy Product-positioning strategy and product

Marketing strategy Product-positioning strategy and product-repositioning strategy with example minimum 600 words

Expert Answer

Marketing strategy- How the needs of the customers is fullfilled is described through the marketing strategy.It states that how organisation wili use its strengths & capabilities to match the needs and requirements of the customers. The process of marketing is of analysing market opportunies, selecting target markets, developing the marketing mix and managing the market efforts.Hence to satisfy the customers the companies must, divide up the total market, design strategies for profitability.

Product positioning strategy- It can be defined as the position and place of a product in the eyes of a consumer with respect to a competing product.This stragety determines the promotion of a product according to the needs and preferences of the customers that could result in gaining competitive advantage. Below are some steps mentioned for product positioning

Don't use plagiarized sources. Get Your Custom Essay on
Solved: Marketing strategy Product-positioning strategy and product
Order Essay

1.Research over competitors

2.Determine unique purchasing positions.

3.Construct targets and goals

4.Analyse and adjust.i.e be sure to add different sets of opinions through market researchand interval evaluations.

Product repositioning strategy- Changing the target markrt of the product is known as product repositioning. It includes the key changes, such as competitive advantage, benefits and use. It creates a new image of a product in the eyes of the customers. It can give the strong competitive postion, improved sales, potential media attention,Etc.

Still stressed from student homework?
Get quality assistance from academic writers!