Overview
A marketing strategy is essential for businesses to effectively reach their goals by understanding their target audience. It involves identifying customer needs, conducting market research, and creating a compelling value proposition. By segmenting the market and positioning the brand, companies can...
Key Terms
Example: A company selling luxury cars targets affluent individuals.
Example: Our app saves you time by automating daily tasks.
Example: Surveys and focus groups are common methods of market research.
Example: Segmenting by age, income, or lifestyle.
Example: A brand may position itself as the most eco-friendly option in its category.
Example: Analyzing competitors' pricing and marketing strategies.