B Com Exam > B Com Videos > Principles of Marketing > Benefits of product positioning - Market segmentation, Principles of Marketing
Benefits of product positioning - Market segmentation, Principles of Marketing Video Lecture | Principles of Marketing - B Com
|
39 videos|48 docs|16 tests
|
FAQs on Benefits of product positioning - Market segmentation, Principles of Marketing Video Lecture - Principles of Marketing - B Com
| 1. What is product positioning and why is it important in market segmentation? |  |
Ans. Product positioning refers to the way a product is perceived in the minds of consumers in relation to its competitors. It involves creating a distinct image and identity for a product in the target market. It is important in market segmentation as it helps companies differentiate their products from competitors, attract specific segments of consumers, and effectively communicate the unique value proposition of their product.
| 2. How does product positioning contribute to successful marketing strategies? | |
Ans. Product positioning plays a crucial role in developing successful marketing strategies. By positioning their products effectively, companies can tailor their marketing efforts to meet the needs and preferences of specific target segments. This allows them to create targeted messages, develop appropriate pricing strategies, and choose suitable distribution channels. Ultimately, it helps companies increase their chances of success by aligning their products with the desires of their target market.
| 3. What are the benefits of market segmentation in product positioning? | |
Ans. Market segmentation offers several benefits in product positioning. Firstly, it allows companies to identify and understand their target market more effectively, enabling them to create products that cater to specific customer needs. Secondly, it helps companies allocate their resources more efficiently by focusing their marketing efforts on the most promising segments. Additionally, market segmentation enables companies to differentiate their products and position them in a way that resonates with specific customer segments, leading to increased customer satisfaction and loyalty.
| 4. How does product positioning impact customer perception and purchasing decisions? | |
Ans. Product positioning has a significant impact on customer perception and purchasing decisions. When a product is positioned effectively, it creates a distinct image in the minds of consumers, which influences how they perceive the product and its value. This perception, in turn, affects their purchasing decisions. If a product is positioned as high-quality and superior to competitors, customers are more likely to choose it over alternatives. On the other hand, poor or inconsistent positioning may lead to confusion or indifference among customers, resulting in lost sales opportunities.
| 5. How can companies ensure successful product positioning in a competitive market? | |
Ans. To ensure successful product positioning in a competitive market, companies should conduct thorough market research to understand their target audience and competitors. This will help them identify unmet needs or gaps in the market that their product can address. They should then develop a clear and compelling value proposition that highlights the unique benefits and features of their product. It is also important to continuously monitor and adapt the positioning strategy based on customer feedback and market dynamics to stay ahead of the competition.
Text Transcript from Video
giving you tons of leaves for the
markets you said no no I am really sorry
but they are not very useful
that is the third advertising agency I
have fire this year they all none of
them they just don't get it I got a
better idea and now for the tenth draft
morning mr. engineering manager remember
the top features we told you last week
and we needed them right away we have to
change that I just got a call from the
president and he was at a sales meeting
with one of our biggest potential
customers which can make or break the
company I've got a list of features they
want right away I am going email them to
you right now can you get these features
built and completed like right away
tell me about your product what does it
do well you know um it does everything
just everything better than everybody
else's products you know and it costs
less you get the product delivered well
you want it um
delivered to you just in time you know
Pam
markets you said no no I am really sorry
but they are not very useful
that is the third advertising agency I
have fire this year they all none of
them they just don't get it I got a
better idea and now for the tenth draft
morning mr. engineering manager remember
the top features we told you last week
and we needed them right away we have to
change that I just got a call from the
president and he was at a sales meeting
with one of our biggest potential
customers which can make or break the
company I've got a list of features they
want right away I am going email them to
you right now can you get these features
built and completed like right away
tell me about your product what does it
do well you know um it does everything
just everything better than everybody
else's products you know and it costs
less you get the product delivered well
you want it um
delivered to you just in time you know
Pam
Related Exams
About this Video
|
4.64/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Benefits of product positioning - Market segmentation, Principles of Marketing for B Com 2024 is part of Principles of Marketing preparation.
The notes and questions for Benefits of product positioning - Market segmentation, Principles of Marketing have been prepared according to the B Com exam syllabus.
Information about Benefits of product positioning - Market segmentation, Principles of Marketing covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Benefits of product positioning - Market segmentation, Principles of Marketing.
Introduction of Benefits of product positioning - Market segmentation, Principles of Marketing in English is available as part of our Principles of Marketing for B Com & Benefits of product positioning - Market segmentation, Principles of Marketing in
Hindi for Principles of Marketing course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Benefits of product positioning - Market segmentation, Principles of Marketing Video Lecture | Principles of Marketing - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Principles of Marketing.
Information about Benefits of product positioning - Market segmentation, Principles of Marketing
Here you can find the meaning of Benefits of product positioning - Market segmentation, Principles of Marketing defined & explained in the simplest way possible.
Besides explaining types of Benefits of product positioning - Market segmentation, Principles of Marketing theory, EduRev gives you an ample number of questions to practice Benefits of product positioning - Market segmentation, Principles of Marketing tests,
examples and also practice B Com tests.
|
39 videos|48 docs|16 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Previous Year Questions with Solutions
,Benefits of product positioning - Market segmentation
,Sample Paper
,MCQs
,Benefits of product positioning - Market segmentation
,Semester Notes
,Summary
,shortcuts and tricks
,Principles of Marketing Video Lecture | Principles of Marketing - B Com
,Free
,mock tests for examination
,study material
,Important questions
,ppt
,Principles of Marketing Video Lecture | Principles of Marketing - B Com
,video lectures
,Objective type Questions
,Viva Questions
,Principles of Marketing Video Lecture | Principles of Marketing - B Com
,Extra Questions
,practice quizzes
,past year papers
,Exam
,Benefits of product positioning - Market segmentation
;
Study Benefits of product positioning - Market segmentation, Principles of Marketing on the App
Students of B Com can study Benefits of product positioning - Market segmentation, Principles of Marketing alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Benefits of product positioning - Market segmentation, Principles of Marketing,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Benefits of product positioning - Market segmentation, Principles of Marketing is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup