ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Products aimed at a large market tend to be very
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similar
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unique
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expensive
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inexpensive
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Explanation:
Detailed explanation-1: -Your product marketing strategy is a roadmap for how you position, price, and promote your new product in the market. It’s what tells you where your biggest fans are and how to reach them. Your strategy should integrate with the product life cycle, informing how you market your product from development to growth.
Detailed explanation-2: -Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential.
Detailed explanation-3: -Target market-a clearly identified segment of the market to which the company wants to appeal.
There is 1 question to complete.