Meaning of the word "product positioning" in English

What does "product positioning" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

product positioning

US /ˈprɑːdʌkt pəˈzɪʃənɪŋ/
UK /ˈprɑːdʌkt pəˈzɪʃənɪŋ/
"product positioning" picture

Noun

1.

the process of creating an image or identity for a product in the minds of target consumers

Example:
Effective product positioning is crucial for market success.
Luxury brands often use aspirational imagery for their product positioning.
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