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Instructions: Present, how the execution of those strategies will be. Present in detail the execution of the plan. Determine the demographics, tastes, and buying behavior
Instructions:
Present, how the execution of those strategies will be. Present in detail the execution of the plan.
Determine the demographics, tastes, and buying behavior of potential consumers to determine the target market and the needs of that market. This phase consists of conducting market research to determine the target market and the needs of that market. Identifying market gaps and unsatisfied requirements that a company can fill is essential. This information is essential for the next stage of the process of creating a unique and authentic product (Santos, 2023). Create unique products - Using the results of the previous phase of market research, companies can think outside the box to generate green home remodeling ideas. Items that can fill in the blanks and meet the requirements. Product research is necessary to ensure that the final product is original, of high quality and respectful of the environment. Successful completion of this phase requires product designers, engineers, and marketing professionals to work together to develop a solution that meets the requirements of the target market ("Marketing Research | QuestionPro," n.d.). Identify the business model: The first step in this process is to identify the business model that will most effectively serve the product and the target market. Business-to-consumer (B2C), business-to-business (B2B) models, and hybrid models that combine the two are available options. The identification of pricing strategies, sales channels and distribution techniques are very important steps. A company's strategy must be versatile and capable of adapting to changing market conditions (Cuofano, n.d.).
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