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It is important that marketers can identify which strategy a competitor is using so that they better understand how to position their own products and
It is important that marketers can identify which strategy a competitor is using so that they better understand how to position their own products and services. You will see a list of recent or potential strategic decisions made by large firms, and your job is to identify which type of strategy was used in each example.
While there are a variety of strategies across industries, most fall under four basic categories: Market penetration strategies emphasize selling more existing products and services to existing customers. Product development strategies involve creating new goods or services for existing markets. Market development strategies focus on selling existing products or services to new customers. The targeted new customers could be a different gender, age group, or international market. Finally, diversification strategies involve offering new products that are unrelated to the existing products produced by the organization.
Place each company decision with the appropriate strategy.
Arm and Hammer selling baking soda for new purposes
Apple opening ministores within Target
Disney purchasing ESPN
Dominos promoting buy one pizza, get a second pizza half price
Burger King developing a new breakfast menu
Nintendo Wii products targeted at senior citizens as a way to stay active indoors
Ford developing the Ford Escape Hybrid SUV
Microsoft buying a snack food company
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