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Strategy and Positioning Analysis Part 1#Select a new product or service that will be launched by either an existing organization or one you will create. Obtain your instructor’s approval of your product or service before beginning this project.Complete the following assignment using the “Strategy and Positioning Analysis” template. We are doing Chanel perfume company And at less 300 words per bulletin pointDescribe your target market in detail, including information on the geographic, demographic, psychographic and behavioral factors used to choose your market segment.Identify the needs that cause your target market to buy.