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Marketing Is a Dynamic Practice

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Essay

Marketing is a dynamic practice.While you are watching your competitors,they are watching you.Assume that you have just redesigned a product that is in the mature phase of the product life cycle and have identified some new market segments.How do you think your competitors will respond?


Definitions:

Gatekeeper

An individual or mechanism that controls access to something, such as information or resources, deciding who or what is allowed to pass through a certain point.

Persuasive Communication

Communication that presents a message in a manner that causes the other person to support it.

Information Filtering

The process of sieving through and selecting relevant information from a vast pool to avoid information overload.

Scientific Management

A system of management that emphasizes careful alignment of worker training, incentives, and supervisory support with job requirements.

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