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D1 Evaluate Markets

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(D1) Evaluation
In this final section of my report I will evaluate the effectiveness of the use of techniques used in marketing products in BMW Group
Market penetration
There are various ways BMW Group uses market penetration such as sponserships, tv adverts and product palcement in films. The advantages of using market penetration for BMW are that BMW will gain more customers and increase their market share as promoting the company and its products will entice and attract customers to buy BMW products as a promotion of BMW or a BMW product is what may differentiate BMW products from its competiors products therefiroe this may make customers buy BMW products instead of products from BMW Groups competitors such as Mercedese. Also, BMW’s market penetration is very effective as BMW Group has a variety of ways that it promotes its products such as pro as different things attract different people. BMW also use market penetration by producing more products from existing braroduced in order to compete with rival brands. The disadvantages of using market penetration for BMW are that if BMW decrease prices by too much on luxury branded products such as Rollys Royce cars then sales of those products may decrease as the brands reputation of being a luxury car producer could suffer. In extension, customers will not expect very high quality at cheap prices.
Market development
BMW Grou different types of people. The advantages for BMW Group using this strategy are that market development allows them to expand the business and reach out to more customers therefore making the business more profitable.BMW uses the Market devlopment very effectivley as targeting many segments of the market provides many oppportunies for BMW to make profit. Furthermore, if one brand of BMW Group is not doing good, another may be providing BMW Group with large amounts of profits, insuring the

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