MARKET SEGMENTATION A market is made up of people with one or more characteristics that make them to demand homogeneous product or service based on qualities of those products such as price or function. People in the same segment have similar needs and quality and therefore possess similar products and are charged similar prices‚ but they are different from other segments. Segmentation variables can be * Gender * Price * Location * Religion * Income * Interests * Size
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Market segmentation is the process of grouping buyers into different categories on the basis of their common needs‚ desires and requirements. It is the strategy of subdividing the target market into sub-groups of consumers with definable‚ distinct and homogeneous characteristics so that a different marketing programme can be set up for each group. This will result in an enhancement in the satisfaction to the consumers and profit to the marketer. According to Professor Philip Kotler‚ “Market Segmentation
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— in volume terms.” As per www.moneycontrol.com‚ “The shampoo sachet‚ which unlocked instant consumer recognition and cult-brand status for the company‚ today makes up almost 75% of shampoo sales in India. It may not be a premium brand yet‚ but Cavin Care ’s Chik shampoo is second only to brands from FMCG giant HUL it ’s a close second at that.” As per the company website‚ “Just a mention of Chik Shampoo today gives rise to varied perceptions. To the rural and semi urban population of India
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Market Segmentation Of Pepsi At An International Level The history of Pepsi-Cola starts in 1896 in the town of New Bern in North Carolina‚ USA in a drugstore owned by the pharmacist Caleb Bradham. He came up with many recipes of new drinks to be served at the soda fountain of his drugstore. Brad ham aim was to create a drink both delicious‚ healthy‚ aiding digestion and boosting energy. It would be free of impurities and it should not contain any strong narcotics. Eventually one of his drinks became
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Market Segmentation ________________________________________ Targeting a segment of the market can be a powerful strategy. It’s the concentration of marketing effort to dominate a market niche. Market segmentation is the process of identifying and targeting groups of individuals who are similar to one another. Markets can be segmented in many different ways: by product or service needs‚ by sensitivity to price‚ by geographic area‚ by demographic segment‚ or by psychographics and lifestyles. Successful
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Segmenting‚ Targeting and Positioning: Segmenting Reebok has been a market leader for many years in the sports shoes . It has been able to achieve it through its efficient and effective marketing strategies. Reebok used innovative strategies as per the consumer needs . Reebok segmented the market on the following parameters: Geography: Reebok chose to operate on Pan country basis. where it segmented locations as per the consumers needs. The attribute requirement of the product in one region
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Age Targeting: A Marketing Point of View Chris O’Malley BUS340A Marketing for Managers Professor Valerie Charles Warner Pacific College November 12‚ 2013 Age Targeting: A Marketing Point of View Effective marketing to specific age groups can leverage brands and products to create value and lift demand based on how individuals and groups within age groups perceive that the brand or product meets or exceeds both seen on unseen expectations. I personal fall into an age category called
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This can be done through market segmentation in order for the company to achieve their target. Market segmentation refers to a marketing concept which divides complete market into smaller segments. One market segment is totally distint from the other segment‚ therefore each company has to design a business tool or known as marketing mix that precisely matches the expectations of consumers in the targeted segments. All together‚ there are four basic market segmentation-strategies which are behavioral
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Below is a free essay on "Copy And Paste" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. Behind every great man is a beautiful‚ charming maiden who holds his heart. What if this woman was not absorbed with taking care of his heart but was completely absorbed with money‚ reputation‚ and her own needs. In Fitzgerald ’s The Great Gatsby‚ Mrs. Daisy Fay Buchanan is the object of affection or the "rock of [Gatsby ’s] world."(99) All Daisy ’s life
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PERHAPS IT WEIGHS only 2 ounces overall. Large ones may run to 4 ounces. But when that badge is pinned on‚ there is a weight unknown to most law enforcement officers. The true weight of the badge is not overcome by muscle‚ not found in the gym‚ not measured on a scale. This weight requires a strength and conditioning for which few officers are trained. The badge is not just pinned on a chest‚ it is pinned on a lifestyle. The heaviness of the badge makes the law enforcement officer different from
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