Brainstorm of Gps watches using each of the categories in the market matrix Brai

Question

Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix Brainstorm of Gps watches using each of the categories in the market matrix

Explanation / Answer

Marketing mix for GPS watches are as follows.

Product

GPS watches are easily available in wide variety ranging from few dollars to an expensive price tag. Is watches are available by good brand names as well as Chinese cheap brands with the Limited functionality but including the GPS. Some watches are based on their own proprietary operating system and some watches are based on major operating system such as iOS or Android voice. GPS watches available in each and every market at a very wide variety. Polite availability of the product is also very huge as these products are easily available on major online retailers such as Amazon or any other product provided.

Place

GPS watches comes with the global brands. They are globally available and can be bought at any location in the world. Most brands provide physical access to the store for trying and developing an idea of feel by the specific watch. These products are easily available at major online retailers which also increases their overall reach.

Price

GPS watches can be very cheap or they can be very expensive. It totally depends on the features except the GPS in any watch. This dependency of the price also comes with the brand name. Where the generic brands are few dollars, premium watches such as apple watch is above 200 or $500 which is available in the market. There are Android watches which ranges from $50 to $100+. The market for the GPS watches is very vast and it has extreme diversity as well as competition.

Promotion

GPS watches are highly promoted by using internet as a tool for marketing. Most of the products are promoted over the social media platforms as well as they are also given advertisements over video providing sites such as YouTube and Vimeo. This type of advertisement is Highly Effective as they develop an idea and also attract the customers to buy the specific product at lower prices which is a major advertisement technique regarding the same GPS watches.

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