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Essay specific features
Written by:
Erma P
Date added:
October 31, 2014
Level:
University
Grade:
A
No of pages / words:
7 / 1727
Was viewed:
7691 times
Rating of current essay:
Essay content:
To target the younger market with the new product line, the company has adopted the following marketing objectives: to expand its current market (market expansion), diversify its product line (product diversification), and modify its marketing mix to target a younger demographic.
During the 1970's, HD was facing a decline in market share due to increased competition with Japanese companies...
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By phasing out weak models, becoming more selective, and limiting sales and promotions, HD was able to carve out a niche in the marketplace which it enjoys today3. Now again faced with a period of decline, HD is relying on its newly adopted marketing objectives. First, HD needs to expand its potential customer base to include enthusiasts and non-enthusiasts males in the 35-44 age group...
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