SEGMENTATION (Harish pg3) The process of defining and subdividing a large homogenous market in to clearly identifiable segments having similar needs‚ wants or demand characteristics .Its objective is to design a marketing mix that precisely matches the expectation of customers in the targeted markets. Bases for segmentation Geographic segmentation -: Geographic segmentation calls for division of market in to different geographical units such as nations‚ states‚ regions
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Chanel Background: Chanel was founded by Gabrielle Bonheur “Coco” Chanel who was pioneer in French fashion designing market. She puts all her into bringing the Chanel brand. International Business: Chanel is widely used brand by people from all over the world. It’s immensely popular in Europe and America. Target audience: It targets both male and female audience aged from 18 to 40 years old. They target people who loved fashion and want stand out from others. Those who buy products from a high
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in Great Britain 0160-7383/$30.00 doi:10.1016/j.annals.2004.05.001 MARKET SEGMENTATION A Neural Network Application Jonathan Z. Bloom University of Stellenbosch‚ South Africa Abstract: The objective of the research is to consider a self-organizing neural network for segmenting the international tourist market to Cape Town‚ South Africa. A backpropagation neural network is used to complement the segmentation by generating additional knowledge based on input–output relationship and sensitivity
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Comparison of Chanel No.5 Magazine Advertisement in 1959 and 2004 “What do I wear in bed? Chanel N°5‚ of course.”Marilyn Monroe mentioned in her interview in 19521. When referring to fragrance‚ it is hard not to mention Chanel N°5‚ due to its uniqueness‚ longevity and popularity‚ it is associated by others with women‚ famous and not famous‚ who have worn it in different eras over its decades. Chanel N°5 is the first perfume launched by CoCo Chanel in 19202‚ it is not only one of the world’s top
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represent between 10 to 15 per cent of the gross domestic product of most major North American‚ European and Asia/Pacific economies (Rushton‚ Oxley and Croucher‚ 2000). Therefore‚ many brands take account into logistics management and design. Avon and Chanel are two main brands in Australian cosmetic market. These two companies all have very long history and large numbers of loyal customers. They both have their own particular channels of distribution‚ which will be researched in this study. Avon and
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elegant and fashionable bringing up for women introducing timeless style. If Chanel wants to retain the same kind of brand image then it needs to continue with the same strategies which are currently being applied. However‚ in order to increase market share‚ emphasis on mass media and e-commerce would be effective which the competitors are already practicing. Chanel’s vision is’ o be the ultimate house of luxury’. Chanel is an established brand and specializes in haute couture‚ luxury goods
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How does marketing strategy of the brand succeed in making Chanel remaining Chanel? P a g e | 2 Luxury marketing is a different world
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Marketing Segmentation Theory based on selling Oxygen bars 1) Demographic Consumer age‚ gender‚ income‚ occupation are considered to be the main factors for demographic segmentation. Other factors like race‚ religion‚ nationality is not emphasized here because product usage will be less affected by those factors. Currently‚ similar-functioned products available in the market have a wide consumer age base‚ ranging from 20+ to 50+. I believe that this age difference does reflect the difference in
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market segmentation Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs (and/or common desires) as well as common applications for the relevant goods and services. Depending on the specific characteristics of the product‚ these subsets may be divided by criteria such as age and gender‚ or other distinctions‚ such as location or income. Marketing campaigns can then be designed and implemented to target these specific
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TABLE OF CONTENTS 1.0 Executive Summary 2.0 Company Background and History 2.1 History of Chanel and Information on Chanel S.A. 2.2 Chanel Asia Pacific and Singapore boutiques 3.0 Industry Analysis 3.1 Target Audience 3.2 Market Positioning 3.3 Market Sector 3.4 Competitor Analysis 4.0 Company Analysis 4.1 SWOT: Micro economical analysis 4.2 PEST: Macro economical analysis 4.3 Comparison of Chanel in Europe vs. Singapore 4.4 Product Development and Collection 4.5 Types and Range of Merchandise
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