Keep a Personal Checklist:
Distinguish the difference between target markets and market segments [AO2]
Identify possible target markets and market segments in a given situation [AO2]
Distinguish the difference between niche market and mass market [AO2]
Draw product position map/perception map [AO4]
Explain the importance of having a unique selling point/proposition (USP) [AO2]
Evaluate how organizations can differentiate themselves and their products from competitors.
Discuss the need for Creativity in business: how changes in consumers’ habits have affected Bonobo’s marketing mix and innovation in the shopping experience?
STEEPLE Analysis
SWOT Analysis
Ansoff Matrix
[HL] Porter Generic Strategies