What changes we can expect in marketing over the next decade? Will we see changes to products, prices, place and promotion? Will we see changes in regulation and foreign competition? Explain your position.© BrainMass Inc. brainmass.com June 4, 2020, 2:44 am ad1c9bdddf
We're going to see several changes in marketing over the next decade. As consumers watch their spending more and more, marketers will have to devise new product strategies to entice buyers into the market, and this will be particularly true for products that have a high elasticity. Consumers are trying to save more and spend less, and the changes in marketing promotions and strategies will have to be developed based upon this assumption. It can also be reasonably assumed that as economic conditions remain stable; we ...
The solution explains what changes we can expect in marketing over the next decade, including changes in products, place, and promotion. I also discuss the changes in regulation and foreign competition that we will see.