BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Before introducing a product to the marketplace, a business might monitor its competitors’ ____ strategies.
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training
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scheduling
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auditing
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pricing
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Explanation:
Detailed explanation-1: -The most common pricing strategy is commission-based pricing, ie. taking a cut of every transaction. But because there are other options, we’ll take a quick look at all of them.
Detailed explanation-2: -Before you begin planning your product launch, you need to understand your audience. Conduct thorough market research to gain valuable insights into who your target customers are, and what they want. This research will form the basis of all other steps in your product launch plan, including your marketing strategy.
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