Value of product life cycle to strategic marketing planning


Question1. Describe the differentiations between marketing strategies and marketing tactics and explain THREE marketing growth strategies which can be considered by the marketing management.

Question2. Explain what you understand by the subsequent marketing terms:

i) Product positioning

ii) Benefit segmentation

iii) Psychographic segmentation

Question3. Describe the popular marketing controls which marketing managers can use to verify the whole effectiveness of their marketing activities.

Question4. Consider the value of Product Life Cycle to strategic marketing planning and determine the practical limitations of this model.

Question5. Explain the main internal and external factors you would consider when setting price for a new product.

Question6. Explain the significance of marketing research to the development of strategic marketing plans.

Question7. Write concise notes on THREE of following:

i) Test marketing

ii) Adoption process

iii) Selective distribution

iv) Physical distribution

Question8. Describe what you understand by the expression sales promotions and explain THREE popular sales promotions methods which can be used to support launch of a new product.

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Marketing Management: Value of product life cycle to strategic marketing planning
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