Why Marketing Intelligence Homework Help Is The Best Way To Analyse A Market?
Marketing Intelligence Assignment Help is the process of the study of the gathering of information regarding a particular market or market segment. The information so collected is used to determine the opportunities and threats of a Market when combined with the strengths and weaknesses of the organization. Marketing Intelligence is basically the awareness of the organization with respect to the nuances of the working of the intended market or market segment. To get help about this topic in details visit myhomeworkhelp.com.
Answers: A company focuses its attention on Marketing Intelligence Assignment Help during the following situations or events:
When the Company plans to grow in a market segment with its existing product or services it is known as Market Penetration. This is a growth strategy. The Company already operates within the market segment, but wants to increase its level of operations in it. So the company undertakes various methods to understand the market – its demands, needs and disposable income level among other things.
This takes place when a Company plans to develop a new market or market segment with its existing product or services. This is also a growth strategy wherein a Company seeks to increase its level of sales and marketing by entering a new market or market segment with the help of Market Intelligence Homework Help.
A Company develops new products for an existing market by carrying out an initial Marketing Intelligence Assignment Help. It helps the company to identify the variations it can make to its existing products to meet the demands of the particular market segment. New services may also be made to cater to these demands.
Another strategy for meeting the demands of a particular market or market segment is to diversify the existing product lines. This is done to cater to a larger volume of customers. New products and services are produced for the existing market or a new market as per the results of the process of Marketing Intelligence Homework Help.
Answers: A Company undertake the process of Marketing Intelligence by the following methods:
The particular market segment or market is analysed and studied. This is done to ascertain its demand for a product, the needs to be catered to, the level of disposable income of the population.
Another effective way to understand a Market is to study the performance of all existing companies in that market. Their performance as well as their product lines can act as a good indicator of all the nuances of the demand and supply forces prevalent in the market.
There are a lot of other ways too which can help you understand the methods to study a market. To get a better understanding of this topic visit myhomeworkhelp.com.
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