Answer: Brands
Explanation:
The development of brands is one of the type of marketing method which strengthen our various types of products and the services in an organization.
The importance of the development of brand is that it helps in maintaining the quality, consistency of product, trust and value the customers requirement.
The following are the phase of the brand development are as follows:
- Brand identity
- Brand strategy
- Brand management
- Graphic design
According to the given question, due to the rapid industrialization the organization are basically forced for differentiating the given products and the services in the development of brands.
When companies in a competitive market are incurring a monetary loss, a number of the firms will go out of the market. As those corporations go out, the delivery decreases.
An aggressive marketplace is a term in economics that refers to a marketplace where there are a big amount of consumers and dealers and no unmarried consumer or dealer can affect the marketplace. competitive markets have no limitations to entry, lots of buyers and sellers, and homogeneous products.
The four popular forms of market systems consist of ideal opposition, oligopoly market, monopoly market, and monopolistic opposition.
A competitive market creates opposition amongst customers. which means one patron competes with another for an amazing or carrier, specifically for dwindled stock. for example, when it comes to buying tickets to a wearing event or music concert, customers often compete to buy high-quality seats.
Learn more about competitive market here: brainly.com/question/24781573
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Answers and explanations:
A) By choosing to attend workers from different stores in the same mall during a determined time frame, the steak house is segmenting its customers. The workers may have different consuming habits than regular customers of the restaurant. In that case, the restaurant can focus on developing an assistance method for the mall's workers and others for its regular consumers according to each one's needs.
B) The discount might be restricted to particular hours because from 06:00 p.m. until 08:00 p.m. is possible when the steak house receives more of its regular customers. They may be trying to give special attention to this type of clientele and that is why they are trying to promote other types of customers from the store to visit the steak house but in different schedules.
Answer:B. Create a lasting competitive advantage.
Explanation: Nike is a world renowned sports wear Company,known for its strategy to create a lasting competitive advantage over other sports wear companies. Nike applies different technologies to improve its market by creating a "market Niche"through the use of information technology to focus on a specialized market, Nike use information technology to differentiate products and provide new products and services to its customers. Nike have different Apps that has enhanced its competitive advantage such as Nike+ devices, Nike+ running app etc.
Answer:
B. product concept development; marketing strategy development
Explanation:
Product concept development is the stage at which a lot of product ideas are generated, and new product are screened with the purpose of identifying good ideas and discarding poor ones on time. The new product concepts are then tested at this stage with a group of target consumers in order to discover the concepts with strong consumer appeal.
After product concept development, strong concepts proceed to marketing strategy development which, based on the product concept, is the stage at which an initial marketing strategy for a new product are designed.
