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Group Project Detailed Information File - FBE Moodle
Group Project Detailed Information File - FBE Moodle

... Pre-assigned groups of 5-6 students will prepare a marketing report for a new product/service which is not available in North Cyprus`s consumer or business market. The students should import a product/service to North Cyprus. The students are free to enter any market (e.g. pharmacy, medical, technol ...
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... service and charging a higher price to cover the higher costs. Although more for more can be profitable, this strategy can also be vulnerable. It often invites imitators who claim the same quality but at a lower price. More for the same: Companies can attack a competitor’s more for more positioning ...
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7 Copyright © 2012Pearson Education Market Segmentation

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Market segmentation

Market segmentation is a marketing strategy which involves dividing a broad target market into subsets of consumers, businesses, or countries who have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them. Market segmentation strategies are generally used to identify and further define the target customers, and provide supporting data for marketing plan elements such as positioning to achieve certain marketing plan objectives. Businesses may develop product differentiation strategies, or an undifferentiated approach, involving specific products or product lines depending on the specific demand and attributes of the target segment.
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