Question: Assignment / Topic: Identify an innovative product or service that has come onto the market in the past five years: The product I have chosen
AssignmentTopic:
Identify an innovative product or service that has come onto the market in the past five years: The product I have chosen is the "AirPods Pro" by Apple Inc., which was released in October
Identify and describe who is the target market for this productservice backed by solid secondary qualitative and quantitative research
Clarify what are the major individual, group and cultural influences in the buying process for this target market
Determine what stage in the innovation determination life cycle the productservice is likely up to and provide evidence for your hypothesis.
Analyze how the organization designed each element of the marketing mix to create brand loyalty to or value for the target market you have identified, ie in other words how does the marketing mix create valuemake the productservice appealing for the target market over other such offerings in the same category.
This is NOT a marketing plan but an analysis of an existing productservice
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