MGT 211 GDB Solution

Gdb Solution

Mgt211

The future marketing mix strategies management could use to sustain Lux on maturity stage is as follows.

·         Highest level of sales in the market because of awareness about the product.

·         More sellers will also enter in the market.

·         Completion become very high

·         More & more D & R & innovation in order to add more feature in the

·         Product

·         Searching of new target markets for the product

·         Evolution of new co-product

·         Improvement in features

·         Improvement in style and looks

·         Reduce the price due to more competition.

·         Spend money on research and development.

·         Spend money to promote the brand name of the product.

·         Marketers will also revise their marketing strategies. i.e. They will find new

·         Segments of the market for their product

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