Structure Conduct Performance EE481: Industrial Economics SCP and NEIO Dr. Wanwiphang Manachotphong Department of Economics‚ Thammasat University 6 Sep 2013 Dr. Wanwiphang Manachotphong EE481: SCP and NEIO Structure Conduct Performance Homework (Problem 1) Due Date: Friday 13 Sep‚ before 2pm at the BE office. Problem 1: Given the following travel requirements You have to take a flight from Bangkok to ChiangMai on Friday September 13th. AND You have to leave between 8:00
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concentrated over the last two decades for several reasons. a. The consumption of beer has been slowly declining‚ in order for companies to gain market share‚ they have to take customers from other companies. This would then lead to some companies to go out of business due to the lack of customers. b. Brand loyalty also increased. Advertisement played a large role. Larger companies were able to spent $0.40 per case of beer sold. Smaller mass-market brewers could not afford to spend near that amount
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Market Segmentation HTC Desire According to (Philip Kotler‚ 2008) “Market Segmentation is the subdividing of market into homogeneous sub-set of customers‚ where any subset may conceivably be selected as market target to be reached with distinct Marketing Mix. Smartphones went from being a luxury and became an everyday tool for executives‚ students‚ employees and even for those who do not need even 50% of the capacity of these magnificent examples phones. Thus‚ thanks to overcrowding and the entry
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1. News Article Title: Modern trends and issues in the world beer industry (2 Points) Name of media presenting article: TATA CONSULTANCY SERVICES (2 Points) URL to news article: http://www.tcs.com/SiteCollectionDocuments/White%20Papers/CPG-Whitepaper-Brewery-Industry-Transition-0313-1.pdf (2 Points)
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Market Segmentation: There are number of variables involved in consumer market segmentation‚ alone and in combination. These variables are: Geographic variables Demographic variables Psychographic variables Behavioral variables By using any of these segmentation bases‚ either individually or in combination‚ an organization can construct market segments for evaluation to help them select appropriate target markets. Geographic Segmentation: In geographical segmentation‚ market
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The second commercial that Craig analyzed was a Miller Beer commercial. The commercial begins with a couple sitting in a booth‚ holding hands‚ as a young‚ blond waitress walks across the room. It is at this point that a man dressed as a cowboy walks into the café. The rest of the commercial from what Craig describes‚ is that the two women in the café are awe-struck by the man‚ giving the inference they are attracted to him. Craig analyzes this commercial as one using men’s women‚ meaning that the
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‘The UK Prime Minister is the prisoner of the UK Parliament’ Discuss. Typically‚ when contemplating the word ‘prisoner’‚ one envisages someone kept under lock and key‚ detained in an institution and devoid of all freedom. However‚ the term ‘prisoner’ can be used in many different ways. To be a prisoner can simply imply having a lack of liberty and power‚ being kept in restraint against one’s own will. This more complex and subtle interpretation of the word ‘prisoner’ opens up the question of whether
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SEGMENTATION – TARGETING – POSITIONING Fragmentation of mass markets segments Consumers: variety of needs & preferences Marketers: offer variety of choices via multitude of marketing offerings Marketing segmentation: Needs Action Linking market needs to an org’s marketing program Market needs Segmentation/Targeting MM A market segment: Group of consumers with homogenous profile & common needs will similarly respond to a marketing program Segmentation – targeting – positioning 1
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Pacific Breweries for Tiger Beer from 1932-2008? ➢ Tiger Beer‚ more than a beverage- a Brand Beer being a beverage that cannot be differentiated very much one from the other‚ usually focuses on advertising Tiger Beer as a brand more than as a drink. Hence‚ the focus of the marketing communications and advertising efforts of Asia Pacific Breweries for Tiger Beer from 1932-2008 was to build awareness of the brand‚ brand loyalty and brand image. The main focus of Tiger Beer was on product advertising
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2.0 Market Segmentation Market segmentation is the process that companies use to divide large markets into small markets that can be reached more efficiently and effectively with products and services that match their unique needs. 2.1 Geographic Segmentation Geographic segmentation is dividing the market into different geographical units such as nations‚ states‚ regions‚ countries‚ or cities. Introduced the different type of packages‚ according to the needs of people in different
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