Strategic Marketing Planning Flashcards
1
Q
Fives Forces Model (Porter)
A
Competitive Rivalry (like U2 and AF on Paris-TLS) Horizontal Treat of substitues (like the train) Treat of new entrants Vertical Power of supplier Power of customers
2
Q
Competition avoidance theory (Porter)
A
First dimension Cost Leader Lowest cost Differentiator Price premium with added customer value (USP) Second dimension Scope Focus Niche market
3
Q
Ansoff’s matrix
A
Market penetration (Present Product / Present Market)
Market development (Present Product / New market)
Product development
Diversification