Put yourself in the position of an entrepreneur who is developing a new product or service to introduce into the market. Briefly describe the product. Then develop the segmentation, targeting, and positioning strategy for marketing the new product. Be sure to discuss:
The overall strategy; why are segmenting, targeting and positioning useful methodologies.
Segmentation and targeting choices
Characteristics of the target market
Why that target market is attractive
The positioning strategy
Provide justifications, in the form of research, for your decisions and reference your textbook and required readings.