It works by leaving the consumer wanting more, which will make the business produce more. A lot of women and men have more pairs of shoes than they physically need, what makes us want more? Marketing. Usually when a new product reaches the market, people want to try it or have it to perceive “wealthy, or in” compared to others. When a new kind of shoe comes out or a new style that fits into a new trending look, chances are the average consumer who enjoys buying a new pair of shoes every month, will invest in the product. 3. Expansion of Market during maturity stage (Samsung Flat screen TV’s) Increased Frequency First flat screen- small picture not HD or LED wider frame. Later, thinner frame and came out with bigger screens in LED and HD. Varied Usage Earlier Flay screens included great audio features and bundles. Offered in many
Emilee Orsi Professor Purdy May 2 , 2015 different styles and colors, offered HD, or LED displays. New Users Newer TV’s came out and the idea was to add the internet and create a “Smart TV” Which consisted of being able to browse the internet, and watch Netflix. New Users The newest models of the Samsung Flat screen are the ones that are curved, for a better viewing experience. Before that Samsung released 3D TV’s, where the watcher would feel as though they were right there in the movie. 4. It is important to change the demand curve because Demand creates it’s own supply. If a company manufactures and sells shoes they are going to want to increase their sales, and by doing that they need to have their consumers buying more than they need. The more the consumer demands, the more the company can supply, and in return this will boost profit and consumer loyalty. The more you market an item, the more people want to buy the item. Marketing plays a huge role in this because that is how products are recognized. When someone decides to purchase an item because of a clever ad posted in a magazine that will shift the
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