Nowadays‚ emerging markets are becoming more and more attractive for multinational companies. Particularly the Asian market‚ headed by China‚ represents an enormous potential. Asians consumers are motivated by a complex range of cultural factors and are becoming more interested in pursuing brands to experience their reputation‚ to stand out from the crowd or to create new trends of a modern high-class lifestyle in purchasing items of established‚ mostly western brands. Especially the uprising group
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this way: Age is between 6-65.Gender is both males and females.Family size is 1-2‚ 3-4‚ 5+ Income is Rs 10‚000 n above.Family lifestyle is almost all Segmentation Psychographic segmentation Dividing a market into different groups based on social class‚ lifestyle‚or personality characteristics is called psychographic segmentation.KFC divides market on the basis of
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patient market for the Erectile Dysfuction (ED) treatment are demographic‚ psychographic and behavioral dimensions. With demographic segmentation‚ we divide the market into groups on the basis of variables such as age‚ family size‚ family life cycle‚ gender‚ income‚ occupation‚ education‚ religion‚ race‚ generation‚ nationality and social class. The prevalence of ED increases with age and depends on gender. With psychographic segmentation‚ we use psychology and demographics to better understand consumers
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2 2. Situation Analysis / Strategic Analysis 2 2.1. Consumer Market Segmentation 2.1.1. Demographic Segmentation 2 2.1.1.1. Income 2 2.1.1.2. Gender 3 2.1.2. Psychographic Segmentation 3 2.1.3. Behavioural Segmentation 3 2.1.3.1. Benefits Segmentation 3 2.1.3.2. Loyalty Segmentation 3 2.2. SWOT Analysis 2 2.2.1. Strengths 2
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| | 4.1.1 Segmenting Consumers Market | 33 | | | 4.1.1.1 Geographic Segmentation | 33 | | | 4.1.1.2 Demographic Segmentation | 34 | | | 4.1.1.3 Psychographic Segmentation | 34 | | | 4.1.1.4 Behavioral Segmentation | 34 | | | 4.1.2 Segmenting Business Market | 35 | | | 4.1.3 Requirements for Effective and Efficient Segmentation | 35 |
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groups on the basis of variables such as age‚ family size‚ family life cycle‚ gender‚ income‚ occupation‚ education‚ religion‚ race‚ generation‚ nationality‚ and social class. Psychographic Segmentation: Psychographics is the science of using psychology and demographics to better understand consumers. In psychographic segmentation‚ buyers are divided into different groups on the basis of psychological/personality traits‚ lifestyle‚ or values. Behavioral Segmentation: In behavioral segmentation
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Nike vs. Adidas Deonnah Carolus Consumer Behavior – 3310 Nike‚ founded January 25‚ 1964‚ is one of the world’s best known and popular brands. Created by Bill Bowerman and Phil Knight‚ Nike has become one of the world’s largest athletic apparel suppliers and today markets it product under its own brand name which includes Nike Pro‚ Nike Golf‚ Nike Skateboarding and the infamous Nike Air Jordan. At the end of 2012 the company had an estimated net worth of $15.9 Billion had over
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this report‚ Haagen-Dazs is seem as five macro environmental forces impacting the company’s environment‚ they are political‚ Legal‚ sociocultural‚ economic and technological. The marketers of Haagen-Dazs have tried geographic‚ demographic and psychographic segmentation to find out the best method to market structure. Haagen-Dazs is belonging to brand competition and the aim target consumers are the youngers are examined in depth in this report. 2.1 Segmentation Variables Segmentation variables
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firms need to design products and services that fit with particular groups of individuals. Firms can segment their market in a number of ways‚ including geographical‚ demographic‚ psychographic and behavioral segmentation. The Consumer’s goal is to obtain goods and services that meet their needs and wants. The Psychographic segmentation is also referred to as ‘lifestyle analysis’ and considers consumers activities‚ interest and opinions. This is used to help structure marketing messages by understanding
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Bl n ea Oc St y eg rat New Customer Markets: Eliminate Reduce o titi n TS & DUC O R P M 4. T KET MAR LOPMEN E V DE Demand? Choice? Risks? Price? Costs? Competitive Positioning: x: (demand) Customer decisionmaking y: (supply) Supplier differentiation Industry KSF: What would provide a sustainable competitive advantage? Competitor Analysis: Value proposition Strengths Weaknesses COMPETITIVENESS What drives: ANSOFF to identify strategic options: -Market penetration -New product development
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