Tracy, one of your friends, is in the early stages of conducting a feasibility analysis for a small business consulting company. Understanding the target audience and the marketing mix is a mandatory step for achieving success in her new venture. Branding is equally important. In this assignment, you will act as a consultant to Tracy to find the best answers to her problems related to understanding the market and planning and executing the correct marketing strategies.
Tasks:
Respond to the following questions:
How would you advise Tracy to approach the following topics?
Market segmentation
Selection of a target market
Development of a positioning strategy
Sample Solution
