Professional Documents
Culture Documents
2. According to the text, mention the things people take into account to
determine the demand.
Features, appearance, price and distribution method for a target
market segment
a. What is Benchmarking?_
It is the process by which information is collected and new ideas are
obtained, by comparing aspects of your company with the leaders or the
strongest competitors in the market
5. Write the vocabulary (20 words) from the reading, and make a Glossary:
Organize the words in alphabetic order and write the meaning of each word.
6. Write a ten lines text that summarizes the topic of the activity
The activity is about reading compression, this focuses on the supply and
demand, is set as an example of a luxury jewelry where he sells exclusive
pieces and their sellers are trained to care for these products, while selling
cheap fashion jewelry and colors can be made a massive campaign by television,
market research are important to develop the overall marketing mix for a
given product. By identifying the specific needs of customers, a company can
adjust the characteristics, appearance, price and distribution method for a
target market segment. Technology and changing fashion mean that goods and
services have a limited product life cycle. Ideally, the marketing mix is
adjusted to take into account each stage.
The combination of product, price promotion and location chosen by a company
will depend on its size, competence, the nature of the product and its
objectives.