Question
The promotion strategy applied by an organization defines the level of competitiveness. Nyara Company Ltd is out to introduce a new consumer product in a
The promotion strategy applied by an organization defines the level of competitiveness. Nyara Company Ltd is out to introduce a new consumer product in a market where competitors have fully positioned themselves with substitutes. The management has hired you to advise on promotion strategies that the company may opt to take in order to deal with competition.
i) Explain ways in which marketing mix elements can be applied to deal with this competitive situation.
ii) Explain the possible combination of the promotion mix strategies.
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i Marketing Mix Elements to Deal with Competition 1 Product Differentiation Explanation Enhance the uniqueness of the new consumer product Focus on features quality or innovations that set it apart fr...Get Instant Access to Expert-Tailored Solutions
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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