EXERCISE 1: MARKET RESEARCH (0137263 LIM EN ZHI)
Exercise 1: Market Research (0137263 LIM EN ZHI) Tuesday 28 May 2024 A. Question F : A SWOT analysis on the smartphone brand Strength 1.What are the key strength of Xiaomi smartphone? High quality but cheap price and cost conscious. 2.What are Xiaomi pricing strategy? High quality but affordable price 3.What are innovative features do Xiaomi smartphones offer? Advanced camera system, long battery life, fast charging and integration with AI. 4. How strong is Xiaomi brand recognition globally? Widely known in Asia 5.What role does Xiaomi's online presence play in its market strength? Xiaomi's strong online presence through its own platforms and e-commerce sites has been crucial. Flash sales and exclusive online launches have generated significant buzz and demand. Weakness 6. What are the criticism receive by Xiaomi? Presence of ads in MIUI and concerns about data privacy. 7.What are the challenges of Xiaomi ? Overcoming the perception as budget smartphone instead of a luxury s...