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explain what market opportunity analysis, target market selection and marketing mix determination means and provide examples.

provide examples of companies that have successfully developed their marketing strategies using these activities

Asked by: chikerema blessing 458 days ago - 1 Answers - 2381 views

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A market opportunity analysis is way of determining the varying opprotunity where goods and services could best reach and satisfy an end user – the consumer. A clear example is when product developer send their personnel to understudy and know potentiality of their product by way of knowing how such product could compete and sale. While this market opportunity is inevitable it is also necessary that a target market selection is considered because it has to do with specification. It involve satisfying consumer who are directly in need of a particular product for distribution and consumption. This can be seen where a local fibric like shedda, ankara, broacade could be provided within a local african market where it sale easily and faster unlike taking it to an english [European] markjet. Marketing mix determination is all about combining two or more product in a market. Various market products are available, an instance is a market where sale of food stuff, cattles and cereal crops take place within a large market.

Answer by Emmanuel Areke 430 days ago

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