Arts College

Which should be one of the EARLIEST steps when developing a marketing approach?
determining the current and projected demand for the product
using market research to determine an ideal price point for the product.
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creating plans for promotional strategies to attract and keep customers
using market research to develop a brand promise

Answers

Answer 1

A. Determining the current and projected demand for the product should be one of the earliest steps when developing a marketing approach.

Why is this step important ?

This initial stage is crucial for businesses as it enables a thorough comprehension of the potential size of their market and whether there exists adequate consumer demand towards their product or service.

By meticulously analyzing current market trends, companies can acquire vital insights into consumer behavior, preferences, and purchasing habits. This information serves to assist in customizing products or services in order to meet the specific needs of target markets whilst also informing pricing and promotional strategies that better align with consumer tendencies and values.

Find out more on marketing approaches at https://brainly.com/question/30623727

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PLEASE HELP!! ANYONE KNOW!?

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sry it isnt very clear. but hope this helps! :)

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