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Explain the differences between selective and automatic attention.
Criteria Of Market Segments
The characteristics and factors used to divide a broader market into smaller, more defined groups for targeted marketing.
Positioning Statement
A succinct description of the core target market to which a product is directed and a compelling picture of how the firm wants that core market to view the product.
Competitive Advantages
Unique attributes or capabilities that allow a company to outperform its competition, leading to greater sales or margins and market share.
Marketing Mix
A set of controllable, tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response in the target market.
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