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my target product is Apple smart refrigerator Prompt: First, review the Preai presentation Segmentation from MKT 113 on market segmentation as well as pages 1517

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Prompt: First, review the Preai presentation Segmentation from MKT 113 on market segmentation as well as pages 1517 of The Essentials of Morketing Research regarding the four marketing mix elements: product, price, place, and promotion. Next, considering your new product concept, address the following in a 4- to 6-page paper: - Describe your target audience using demographics based on your secondary and primary research to date. - Explain how intemal and external organizational factors might influence the target demographic of your new product. - Is your product needed in the market? Provide examples to support your position. - Explain your pricing stratesy and why it is appropriate in the market using findings from your secondary and primary research. - Explain your placement/distribution strategy and why it is appropriate for this product and this audience/segments. Include speculations into how this target market might respond. - Explain your prometional strategy for the new product concept and why it is appropriate for this audience/segments. * What are some potential ethical and legal implications of the marketing promotion you will be recommending? - Describe how your marketing mix elements align with industry trends identified in your research

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