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Unit 3
3.3
Market Positioning
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Market positioning
is where your
product
or brand stands in relation to the products or other brands in the market
Having conducted market
research
and identified its
target
market segments, a business will be in a
position
to decide how to position its products
The business can then use
market maps
to help it do this e.g.
high price
/ low price
Positioning can be achieved by
changing
elements of the marketing
mix
to meet the needs of the
target
market