ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Not enough options in the market.
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Diversification.
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Its price.
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Brand loyalty.
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Detailed explanation-1: -Consumers are loyal to a brand because they believe you offer a better service and higher quality than anyone else. This happens regardless of pricing. A brand-loyal customer is also more likely to try out other products from the brand. These products might even be slightly more expensive.
Detailed explanation-2: -Reward your customers One of the best ways to keep customers coming back is to reward them for their loyalty. Set up a loyalty program that gives customers discounts, gifts and exclusive offers.
Detailed explanation-3: -Offer Discounts. Reward Customers. Promote Your Rewards Program. Encourage Referrals. Create a Point System. Partner with Another Company. Set Up a Subscription Service. Ask for Feedback. More items