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Explain the purpose of conducting a market analysis and outline five factors that might be investigated as part of a market analysis. Explain the use
- Explain the purpose of conducting a market analysis and outline five factors that might be investigated as part of a market analysis.
- Explain the use of time series forecasting in relation to market analysis and give an example to illustrate your answer.
- Describe the concept of linear regression as a forecasting technique in relation to market analysis.
- Describe segmentation criteria that may be used in a consumer profile.
- List three ways to test whether your product/service features are aligned with the market you are targeting.
- Explain the importance of understanding your target audience when developing a marketing communication strategy.
- Discuss the differences between advertising, promotions and publicity.
- List five commonly used digital marketing channels.
- Describe one strategy for comparing costs and benefits of a range of digital marketing channel options.
- Provide three examples of innate needs and three examples of acquired needs of consumers that can be addressed through marketing objectives.
- List three ways to set marketing objectives so that it will influence consumer decision-making through appealing to the motives of the consumer.
- Outline thebuying process of the consumerin a business-to-consumer (B2C) buying situation.
- Explain the different roles within a B2B buying centre
- List two key features of a marketing policy and procedures.
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