It is very important that customers feel that companies understand them. This is because it makes them feel important and appreciated.
Another important factor that significantly determines products' success on the market is represented by market placement. The process of market placement is represented by different advertising techniques that are used by companies in order to promote their products. This usually refers to placing the products in different films, television, and other media.
This usually takes place based on agreements between the company that makes the product in case and the media company that receives financial benefits from this process. Product placement is considered to be able to influence customers. This is because they associate themselves with the characters in the movies they like, and that use the products placed by these companies (Business Dictionary, 2012). Therefore, they are more likely to purchase the products that the characters they like use.
However, this is an expensive technique that large companies can afford. This is...
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