July 2025

mercedes benz

Which is the target market?

Which is the target market? A target market is a specific group of people with shared characteristics that a business markets its products or services to. Companies use target markets to thoroughly understand their potential customers and craft marketing strategies that help them meet their business and marketing objectives. A target customer is a person

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mercedes benz

What are the competitive advantages of BMW?

What are the competitive advantages of BMW? Through differentiation as a competitive strategy, BMW ensures that its automobiles and motorcycles attract buyers and generate profits that further the company’s development through its growth strategies. Cost leadership is implemented as another one of BMW’s generic strategies for competitive advantage. Why is BMW so successful? The success

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