Phileas Fogg to better
promote its product “it may spend hundreds of millions
of dollars for advertising, sales promotion, and other marketing efforts in the first year”.
(Ch. 8 pp
235-243) to reduce the cost at the first stage it would
be available at the desire first target market of the company. As the company
introduce the product “some enter the decline stage and
are then cycled back into the growth stage through strong promotion or re-positioning”. (Ch. 8 pp 257-264)
Work Cited:
Armstrong, Gary, Philip Kotler. Marketing: An Introduction, 10th Edition. Pearson Learning Solutions, 01/2010. VitalSource Bookshelf Online.
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