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3.3
Marketing - Niche and Mass
Mass Marketing
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Created by
izzy
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Cards (3)
Mass marketing is when a
firm
targets the
whole
of a market rather than a particular
segment
Advantages Mass Marketing
large scale
production
lowers costs
high
revenues
can create a
barrier
to
entry
for new businesses
strong
brand
awareness
Disadvantages Mass Marketing
high fixed
capital
costs
products are likely to be
standardised
vulnerable to low
cost
competition from abroad
less
scope
for adding value