chapter 2 homework
1.)
The difference between a market penetration
strategy and a market development strategy is that a market penetration
strategy targets current customers of the product or service while a market
development strategy targets customers who either have been targeted by you or
your competitors but simply have not been persuaded to buy; or they could be
customers in segments that have not been pursued by you or the competitors in
your product category.
2.)
A marketing plan is made up of objectives,
customer targets, competitor targets, core strategies and the marketing mix.
The objective is to decide what the goal is and how to get there
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