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Explain the market segmentation for business market of a product and it's requirement?
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Solved in 3 steps
- Define Business products?Please assist Based on a retail store that sells clothing for the age between 8 and 40 years . Construct a diagram depicting one of your product category lifecycles.1) Define consumer products. Describe the characteristics of each type of consumer product and give examples of each.
- Illustrate Product Market fit by explaining the bottom 3 layers of QualaraExplain what is meant by a hierarchy of needs and provide examples of one or more products that enable you to satisfy each of the four levels of need.What are the advantages and disadvantages of attempting to reposition a product in the mind of customers ?
- Cite one example of product or services and use the process of the 7 stages of new market development.Identify one product you believe to occupy each stage of the life cycle of a product and provide reasons for your selection.State and explain two target marketing strategies Ultimate concrete product can adopt to create value for it's customers.