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Profiling draws a ____ around your target customer: >circle >business plan >SIC code Primary…

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Profiling draws a ____ around your target customer:
  • >circle
  • >business plan
  • >SIC code
  • Primary research data includes:
  • >surveys
  • >rate cards
  • >media kits
  • Competitor profile elements:
  • >Does not include an analysis of financial statements
  • >Include keeping an eye on direct competition only
  • >Include an analysis of the key players in the company
  • During the growth stage of a product life style:
  • >Design focuses on product differentiation instead of improvement
  • >Pricing is high and experimental
  • >Competition is strong
  • In the decline stage of the life cycle:
  • >Unit cost increases because capital equipment is paid for
  • >Research and development ceases
  • >Product innovation is strong
  • Businesses that have the capacity or desire to provide the same products you do are known as:
  • >Invisible competitors
  • >Market competitors
  • >Indirect competitors
  • Never underestimate the power of your ____ competitors.
  • >Direct
  • >Market
  • >Indirect

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