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Explain why it is important to perform consumer analysis in your marketing plan.

3 Questions -No Plagiarism PLEASE read before accepting assignment. Assignment is Due on December 9th at 3pm EST. 200-word count for each question in your own words. Please add answers below the questions.Please no plagiarism

 

Entrepreneurship: Starting and Operating a Small Business

Product positioning

  1. Explain why positioning your product or service is important. What is the goal of positioning your product? For example, if you could change the product position of your current automobile, what changes would you make?

Market research

  1. Determine the various forms of market research. Why is market research important to the success of your product or service? Explain why it is important to perform consumer analysis in your marketing plan.

Entrepreneurship: Starting and Operating a Small Business

4Ps

  1. Explain how the 4Ps affect each other. Indicate reasons that entrepreneurs should not sell their products at the lowest price possible.

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