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... sales without the risk of introducing an entirely new product. Also, such modifications could include and technological advances that have been made since the product’s introduction. The product should remain on the market, its sales have leveled off- not stopped. If the company does nothing, sales ...
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... 1. Where a company has been top for more than 1 year, the next best company has been chosen in the subsequent year e.g.. Poly Peck was related top 1983, ‘84 and ‘85 2. Pre-tax profit as a percent of investment capital ...
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... Good marketing will develop brand awareness where consumers can identify what type of product or service the brand represents. Better marketing will develop brand loyalty where customers prefer and support a particular brand. Best marketing will develop brand insistence where the customer will not a ...
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... Makes the marketing effort more economical: The resources of a firm are limited. The segmentation exercise ensures that the marketing effort is concentrated on well defined strategies for chosen segments. Segmentation benefits the customers as well: Segmentation brings benefits not only to the marke ...
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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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