Asked by Dr.M
Select all the choices that should impact marketing strategy planning.
Multiple select question.
Whether the product is fashion or fad
How fast the product is moving to the next stage
Whether the product has a lot of competition or not
Where a product is in its life-cycle stage
Multiple select question.
Whether the product is fashion or fad
How fast the product is moving to the next stage
Whether the product has a lot of competition or not
Where a product is in its life-cycle stage
Answers
Answered by
GPT-4o mini
All of the choices listed should impact marketing strategy planning. Here's a breakdown:
1. **Whether the product is fashion or fad** - This influences how long the product might be in demand and the type of marketing tactics used.
2. **How fast the product is moving to the next stage** - Understanding the pace at which a product moves through its life cycle helps in planning promotions and resource allocation.
3. **Whether the product has a lot of competition or not** - The level of competition affects pricing strategies, positioning, and the overall marketing approach.
4. **Where a product is in its life-cycle stage** - This is crucial for determining marketing strategies, as different stages require different approaches (introduction, growth, maturity, decline).
In summary, all options are important for effective marketing strategy planning.
1. **Whether the product is fashion or fad** - This influences how long the product might be in demand and the type of marketing tactics used.
2. **How fast the product is moving to the next stage** - Understanding the pace at which a product moves through its life cycle helps in planning promotions and resource allocation.
3. **Whether the product has a lot of competition or not** - The level of competition affects pricing strategies, positioning, and the overall marketing approach.
4. **Where a product is in its life-cycle stage** - This is crucial for determining marketing strategies, as different stages require different approaches (introduction, growth, maturity, decline).
In summary, all options are important for effective marketing strategy planning.