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Analysing External Environment
Analysing External Environment

... affect marketing management's ability to develop and maintain successful transactions with its target customers" Kotler et al, 1994 ...
Chapter 1
Chapter 1

... consumer packaged products fail. Only about 40% of new consumer products are around 5 years after introduction. Why? Overestimation of market size, Product design problems, Product incorrectly positioned, priced, or advertised, Product may have been pushed despite poor marketing research findings, C ...
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... Promotion • Promotion – Refers to the activities the firm takes to communicate the merits of its product to its target market. – There are several common activities that entrepreneurs use to promote their products and services. ...
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... advertisement. But industrial goods require personal selling, advertising, displays etc. Complex and technical products like computer need personal selling. Non-technical products require advertising as promotional device. In case where there is no brand diffentiation personal selling should be the ...
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... advertisement. But industrial goods require personal selling, advertising, displays etc. Complex and technical products like computer need personal selling. Non-technical products require advertising as promotional device. In case where there is no brand diffentiation personal selling should be the ...
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First-mover advantage

In marketing strategy, first-mover advantage, or FMA, is the advantage gained by the initial (""first-moving"") significant occupant of a market segment. It may be also referred to as Technological Leadership.A market participant has first-mover advantage if it is the first entrant and gains a competitive advantage through control of resources. With this advantage, first-movers can be rewarded with huge profit margins and a monopoly-like status.Not all first-movers are rewarded. If the first-mover does not capitalize on its advantage, its ""first-mover disadvantages"" leave opportunity for new entrants to enter the market and compete more effectively and efficiently than the first-movers; such firms have ""second-mover advantage.""
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