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Marketing a new product Contents Overview of company, market and existing portfolio of products/brands 3 Portfolio of Brands and Products 3 Analysis of the Market Performance of Volkswagen 3 Need for Developing on its Product Lines 4 Explanation of/rationale for new product 4 Identification and justification of target market 5 Target Market in North America 5 Target Market in Europe 5 Identification and rationale for brand positioning 6 Marketing mix strategies 8 Product Mix 8 Price Mix 8 Place Mix 9 Promotion Mix 9 References 10 Bibliography 11 Overview of company, market and existing portfolio of products/brands Portfolio of Brands and Products The automobile manufacturer Volkswagen AG host…
These services rendered by the company are generally related to the mobility parameters and thus encourages the consumers to purchase the automobiles for a safer and hassle free journey. Though the company encompasses a large number of automobile brands yet the company endeavours to render an individual identity to each of the different brands falling under the banner. The individual brands and companies working under the common banner of the Volkswagen group perform in a collaborative fashion to enhance revenue and market potential of the company in the international market (Volkswagen, 2010). Analysis of the Market Performance of Volkswagen The market performance of the Volkswagen shows that the company has gained a huge market acceptance both in terms of market shares and revenues. It is found that for consecutive ten months of the financial year 2011 the company recorded a sales of around 6.80 million vehicles through conducting sales from its different branches. ...
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