Question: 1.Using paragraphs, discuss market analysis techniques you should use as part of a marketing and communication strategy, for the following: Creating profiles of potential customers


1.Using paragraphs, discuss market analysis techniques you should use as part of a marketing and communication strategy, for the following:

  • Creating profiles of potential customers and the environment e.g. socio-economic, political (how and why do we create profiles, why does the environment influence these profiles). (80-100 words)
  • Target market analysis (what is a target market, how is it used, what are the dangers of using target marketing). (100-150 words)
  • Analysing other factors that may affect marketing, including location, competition and opportunities. (Why and how do these areas affect marketing?) (50-100 words)
  • How can the above areas/factors assist us to create an effective marketing campaign? (50-80 words).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 In developing a marketing and communication strategy its crucial to employ market analysis techniques to understand potential customers and the envi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!