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Positioning Errors
Kotler says that the firm should avoid four major positioning errors, namely:
Under positioning: this occurs when the buyers know much less about the brand or do not know anything special about the brand.
Over positioning: when the buyers have too narrow a view of the firm, the product or brand, for example, buyers may perceive Ram Maica as offering only quality decorative laminates, when in reality it offered decorative glass and flush door too.
Confused positioning: buyers may have a confused image of the brand, this may occur as a result of the frequent changes in the positioning statement.
Doubtful positioning: it occurs when buyers doubt the veracity of the claims made by the firm.
State the term Premium Pricing briefly? Premium Pricing: This price strategy applied to various version of to similar product. It is a better version and a fundamental or
This is a practice where one firm sells the similar product at several prices in several markets.
Discuss consumer mind is a black box
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Q. Illustrate the the advertising effects on National Income? Effect on National Income: - Advertising increase productive, promotes demand and promotes growth in agriculture
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