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value proposition
states the specific benefits a product or service offering provides a buyer. why us>competition
Define the problem. Determine the research design. Choose the data collection method. Collect data
what is the marketing research process order?
Need recognition, information search, evaluation of alternatives, purchase, postpurchase behavior
what is the correct sequence of steps in the consumer decision-making process?
brand equity
The estimated market value of a brand
marketing plan strat has to be
measurable, consistent, specific, achievable
steps for marketing plan
1, Mission
Analysis of Environment
3. Develop Goals
4. Marketing Strategy
5. Feedback(Control
marketing research process
Problemdefinition-takes most time
Situational Analysis
Develop research plan
Data Collection (developing tool for data collection)
Problem Solving
Alternative Development