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Chapter 10 - Coggle Diagram
Chapter 10
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Mass and niche marketing
Mass marketing
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Advantages:
Total sales are very high,
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Niche marketing
Is a small, usually specialised, segment of a larger market
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Disadvantages:
Small---> limited sales potential. They have to look outside the market if they want to grow.
If there is no longer demand on specialize product-----> business might fall
Marketing department
In large public limited company, the marketing director will have people responsible for market research, sales promotion
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