Question

What are the limitations and risks of a marketing strategy that does not contemplate the responses of your competitors

Answer 1

Answer:

Throughout the clarification section following, the definition of the given query is explained.

Explanation:

Right, businesses face fierce competition through competitiveness throughout today's time, because it has become extremely necessary for organizations to develop a marketing campaign that makes companies contemplate consumer response.

After all, if any business marketing plan doesn't somehow anticipate competition reaction, then all these threats can occur:

• Someone's brand sales should decline as consumers should choose the brand of their rivals.
• Your company's market position as well as business growth would decline as well as the brand's rivals will rise.
• Throughout the life cycle of the product, your company will hit the decline point.
• Your business's share price could decline.