Market Mapping

Descrição

AS - Level Business Studies (Theme 1) Mapa Mental sobre Market Mapping, criado por Charlotte Summerly em 14-03-2016.
Charlotte Summerly
Mapa Mental por Charlotte Summerly, atualizado more than 1 year ago
Charlotte Summerly
Criado por Charlotte Summerly mais de 8 anos atrás
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Resumo de Recurso

Market Mapping
  1. Illustrates the range of 'positions' that a product can take in a market based on two dimensions - market growth and market share
    1. Market Gaps
      1. No business currently serving the needs of customers for a particular group
        1. Benefits; less competition, customers can't got to alternatives
          1. Limitations; no reason for a gap, no guarantee of success, useful for market research
        2. Advantages; helps to identify gaps, useful for analysing competitors, useful for market research
          1. Disadvantages; may not be any demand where the gap is, no guarantee of success
          2. Product Differentiation
            1. Making one product different from another in some way - for instance through the quality of a product
              1. Could differentiate through - function, quality, promotions, packaging, USP, ages
                1. Unique brand names to distinguish different products
                2. Adding Value
                  1. Creating a finished product that is worth more to the customer than the sum of the parts
                    1. Selling price - cost of producing goods
                      1. Adding designer labels, technical innovation, posh packaging, a prestigious address

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