What is market Knowledge

Question

Accepted Answer

Market knowledge refers to a deep understanding of the industry, competitors, customers, and trends that impact sales strategies and decision-making.

Market knowledge involves staying updated on industry trends, market dynamics, and customer preferences.
It includes understanding the competitive landscape, including the strengths and weaknesses of competitors.
Market knowledge helps in identifying potential customers, their needs, and how to position products or services to meet those needs.
It involves analyzing market data, such as sales figures, market share, and customer feedback, to make informed decisions.
Market knowledge enables sales executives to anticipate market changes, identify new opportunities, and develop effective sales strategies.
For example, a senior sales executive with market knowledge would know about emerging technologies, customer preferences, and competitor pricing strategies to effectively sell their products or services.

Accepted Answer

im Handling sell in and sellout Karur to Hoaur all the market ( Except silver utensil shop) well know all the retails stores Like sathya sharptronics Vasanth&co,BEA,rainbow ,darling digital world, girias.

What is market Knowledge

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