Question: The marketing process involves various steps, which you must understand to get the attention of your target market. When done and understood thoroughly, it can

The marketing process involves various steps, which you must understand to get the attention of your target market. When done and understood thoroughly, it can translate into valuable income for your organisation.Based on the new product, for which you have to devise a market plan, discuss these areas that are under step 1 of the marketing process: Your customers needs, wants and demands; The products market offerings (could be an actual product, service or experience); and The value or satisfaction this particular product will give to your customers. The exchanges and relationships; and Your marketsDiscuss each of these areas, with a particular focus on the product and how it will benefit consumers. Give examples of how this will be achieved and the manner in which you will highlight it in your plan.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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!