MARKETING STRATEGY
Answer the following IN YOUR OWN WORDS. Respond to each of the following in a minimum of 175 words. It will be ran thru a plagiarism checker, thanks.
Answer the following IN YOUR OWN WORDS. Respond to each of the following in a minimum of 175 words. It will be ran thru a plagiarism checker, thanks.
1. How can a company’s marketing organization identify newly emerging competitors in time to plan and execute an effective marketing strategy in response to these competitors?
2. Provide an example of how a company can use this to their advantage against a competitor.
3.What company has the best effective marketing strategy
Answer preview
- How a company uses an effective marketing strategy in response to new competition
A company’s marketing unit can help determine new rivals in the industry by identifying the specific competitors they are facing. This step involves conducting market research, which will provide full and accurate information regarding the emerging competition and the type of products they offer. The sales team will play a crucial role in informing the company about the new business and its marketing efforts…
(350 words)