Problem on price promotions to attract target market


Problem: A car manufacturer, EcoDrive, wants to introduce a new electric vehicle (EV) targeting urban millennials who are environmentally conscious. The marketing team segments the market based on demographics, psychographics, and behavioral traits. They position the car as an affordable yet high-quality alternative to traditional gasoline cars. Statement: "EcoDrive's new EV will succeed if it primarily focuses on price promotions to attract its target market."

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Marketing Management: Problem on price promotions to attract target market
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