Question

You work for a company that sells organic baby wipes. You've segmented your market and
have decided to target high-income urban families but there are several competing brands of
organic baby wipes. What will be an important part of developing your strategy
​

Answer 1

I think if we want to success without risk business is incomplete.

or open the company on that area where demand is high but supply is less so there is more chance the business go successfully.

Answer 2

Important part of developing your strategy

​Explanation:

• The company should consider its own demand and compare with its competitors.  
• The marketing plans have to be developed and is considered as strategy and  knowledge about competitors activities have to be known.
• The competitors strength and weakness have to be identified.
• We have to develop strategies that give better rate of return to compete the other  brands of organic baby wipes.  
• We have to do market segmentation to know about the buyers of the product.
• Market segmentation is used to identify target market and is important strategy.

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What will be an important part of developing your strategy

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