Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Assignment 1- Chapter 2

Assignment 1- Chapter 2

Q Chapter Preview: In this chapter we explore the process focused on customer value-driven marketing strategies and constructing marketing programs. We then examine marketing strategy and how marketers choose target markets, position their market offerings, develop a marketing mix (4 P's of marketing) and manage their marketing programs. Takeaways: Describe the elements of a customer value-driven marketing strategy and mix and the forces that influence them. The focus is on marketing's role in planning and how marketing works with its partners to create and deliver customer value. Read in the Textbook: Chapter 2. Company and Marketing Strategy. Assignment: One (1) page: What is positioning and what role does differentiation play in implementing it? Assignment: One (1) page: Explain the four P's of marketing? Assignments Due: Tuesday, 2/28@11:59pm. No assignments will be accepted after due date.

View Related Questions

Solution Preview

The concept of positioning is important for launching any new product or service. It plays an important role for making the marketers and the customers understand regarding how the launching of new offering gets fit into the set of choices. It is equally helpful at any stage of the product life cycle for which differentiation of products can be made from those of its competitors and proper analysis can be carried out behind preferring more of the product. The marketers are also provided the responsibility of making attractive offers to those of the customers (Differentiation vs positioning, 2020). For this, the customers can also become educated enough regarding the options which is made available to them so that they can make proper evaluation of the same and select those which fits the best.