Marketing Strategies

When it comes to how an economy in a certain regions economy is functioning, the condition of the businesses in that area will determine the wealth of a countries economy. In a successfully thriving economy, you can be sure that what businesses it contains market building strategies that function on profits and good morals. Marketing building strategies are maintained and are implemented consistently by the company. Ways to maintain profits consists of identifying a target market, knowing your competition, finding a niche, building credibility and being consistent.

But as we know, when there are thriving markets, there is the competition that struggles to strive. When businesses are having these problems, some turn to cost minimizing strategies in hopes to raise their budget. These tactics can range from hiring fewer workers to paying under minimum wage and creating poor working environments.