Price is wrong because both groups of people dont

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extremely high interest in basketball. Price is wrong because both groups of people don’t have a large income coming in. Place is wrong because day time TV doesn’t show it to people who would be interested the most. Promotion is wrong because old people and kids cannot relate to Micheal Jordan. 7) It is vital for a company to keep track of its standings by creating a SWOT analysis. Once it sees where it is at, the company can use the information to benefit itself by eventually implementing a plan and then managing it. 8) By creating a business portfolio, a company is able to keep track of its profits, both current and potential (future) prospects. With this information, a company is able to determine where they are at and to see what needs to be reformed.
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9) Market segmentation, targeting, differentiation,and positioning allow a company to divide the total market into smaller segments. This enables the company to bring value to customers more efficiently. 10) Managing the Market can be done by four different steps, analysis, planning, implementation and control. Planning is used to develop new strategies. These strategies are than implemented. The data is than controlled and finally all is analyzed to see if the marketing is truly working.
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