Demarketed definitions
| Word backwards | detekramed |
|---|---|
| Part of speech | The word "demarketed" is a verb. |
| Syllabic division | de-mar-ket-ed |
| Plural | The plural of the word "demarketed" is "demarketed." This word does not change in its plural form. |
| Total letters | 10 |
| Vogais (2) | e,a |
| Consonants (5) | d,m,r,k,t |
What is Demarketing?
Demarketing is a marketing strategy where a company reduces the demand for a specific product or service. This can be done to manage scarce resources, comply with regulations, or even shift consumer behavior. While traditional marketing aims to increase demand, demarketing focuses on decreasing it.
Reasons for Demarketing
There are several reasons why a company may choose to implement demarketing strategies. One common reason is to manage limited resources effectively. By reducing demand, a company can ensure that available resources are used efficiently and sustainably. Demarketing can also be used to comply with regulations, such as during times of water or energy shortages.
Methods of Demarketing
There are various methods that companies can use to demarket a product or service. One common approach is to increase the price, making it less attractive to consumers. Another method is to reduce advertising and promotional efforts, limiting the product's exposure to potential customers. Companies can also emphasize the negative aspects of a product or service to deter consumers from purchasing it.
Benefits of Demarketing
While demarketing may seem counterintuitive, it can have several benefits for companies. By reducing demand, companies can avoid overburdening their resources and maintain a sustainable business model. Demarketing can also help companies comply with regulations and improve their reputation by demonstrating social responsibility.
Examples of Demarketing
One famous example of demarketing is the campaign by the tobacco industry to discourage smoking. Through public health campaigns and warning labels, tobacco companies aimed to reduce the demand for their products. Another example is the use of surge pricing by ride-sharing companies during peak times to reduce demand and balance supply.
Conclusion
Demarketing is a strategic approach that can be beneficial for companies in managing resources, complying with regulations, and shaping consumer behavior. By understanding the reasons for demarketing, the methods used, and the potential benefits, companies can effectively implement demarketing strategies to achieve their goals.
Demarketed Examples
- The company demarketed their old product to focus on the new line.
- The store demarketed certain items to make room for new inventory.
- She decided to demarket her services in order to specialize in a specific niche.
- The team demarketed their previous strategy and adopted a new approach.
- In order to appeal to a different audience, they demarketed their advertising campaign.
- The company demarketed their international division to focus on domestic operations.
- They made the decision to demarket their older model in favor of the newer version.
- The brand demarketed their high-end line to cater to a more budget-conscious market.
- He realized it was time to demarket his personal brand and start fresh.
- The CEO announced plans to demarket a failing product line in order to cut losses.