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How did BMW diversify into the car market?
BMW’s approach can be linked to related diversification by developing beyond current products and services with its existing capabilities. BMW diversified itself by producing smaller 1 series cars. One may argue that BMW was already producing MINI, but it never had small cars with their main BMW brand.
Why did BMW do a strategic review of their marketing?
Like all other organizations, BMW followed some strategic development directions in order to expand them and to increase their sales.
How to create a BMW company marketing concept?
Under the marketing concept, BMW company find a way to discover unfulfilled customer needs and bring to market product that satisfy those needs. A model can be created to design the process using a targeted sequence of steps:
Which is the best description of the BMW company?
BMW is known for its performance and luxury vehicles. BMW has a global presence with group subsidiaries in 41 countries and over 3000 dealerships and local importers in over 100 countries. BMW is a progressive company with salad of 1.2 million automobile and 101,000 motorbikes in 2008 generating revenue of 53.2 billion euros.
Last Update: Oct 2021
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