MARKETING RESEARCH AND MARKET SEGMENTATION 1. 2. 3. 4. 5. Objectives: Market research‚ product research‚ price research‚ sales promotion research and distribution research A wide variety of procedures used in marketing research The requirements for and benefits of market segmentation Geographic‚ demographic and psychographics segmentation The value of marketing information system 1 MARKETING RESEARCH AND MARKET SEGMENTATION • Marketing research is defined as the investigation of factors related
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Segmentation bases are typically used by airlines The aviation industry has a well-defined differentiated market segmentation framework. Most major carriers flying domestic of international routes have the basic segments of economy‚ business and first class passengers. Usually the majority of the cabin seating is allocated to cost conscious economy class passengers. These seats are the least spacious‚ with food and beverages served on trolleys with a predetermined menu. Business class passengers
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tourism Task 3 (AO3) [pic] Overview: Market segmentation can be done in various ways. Most companies choose to use not just one but a combination of methods: 1.Demographic segmentation Demographics is the study of the make-up of the population. Demographic trends illustrate how the population is changing. Factors that affect the make-up of the population include the birth rate and life expectancy. When demographic segmentation is used‚ consumers are grouped according to: Age
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Aaker‚ D. and Joachimsthalaer‚ E.A.‚ (2000)‚ “The Brand Relationship Spectrum: The Key to the Brand Architecture Challenge”‚ California Management Review‚ Vol. 42‚ No. 4‚ pp. 8-23. Aaker‚ Jennifer (1996)‚ “Dimensions of Brand Personality”‚ Journal of Marketing Research‚ 34 (August)‚ 347-356. Abratt‚ R.‚ (1989)‚ “A New Approach to the Corporate Image Management Process”‚ Journal of Marketing Management‚ Vol. 5‚ No. 1‚ pp. 63-76. Armstrong‚ G. And Harker‚ M. And Kotler‚ P. And Brennan‚ R
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FOM Group Work Educational Tablet Research Psychographic Segmentation Lifestyles: Activities and interests Activities: many students from all over the world as well as educational bodies descend upon the International Consumer Electronics Show(CES) every year to find out what the brand new technology is about to hit the streets. They do this as it enhances the possibilities for what can be made possible for the classroom. There are things such as the Oculus Rift which is a virtual reality headset
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Market Segmentation of Skin Care Products Introduction The quest for beauty is an endless endeavour at all times. Despite the old saying cautioning us that beauty is only skin deep‚ billions of dollars is spent on skin care products every year for men and women‚ young and old alike. In this multi-million-dollar industry‚ every company tries hard to maximize their profit. One of the most common methods they apply is market segmentation. As every customer has unique needs and expectations towards
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Sony China Market Segmentation Memorandum Date: To: From: Subject: October 27‚ 2014 Richard Lopez Hernan Alvarez Sony Targets Laptop Consumers In China Sony VAIO is the best computer that serves the needs of every customer and is not comparable at all. From the conducted 760 surveys‚ 18 percent are grouped in the segment of entertainment lovers. Then 88 percent of all the entertainment lovers plan to by a laptop within the next 12 months‚ according to Exhibit 8. Therefore‚ there are approximately
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Customer analysis Segmentation: segmentation means the identification of customer group’s responds differently from other groups to competitive offering. It must have following features: feasibility‚ sustainability‚ and profitability. Generally speaking‚ we often use five criteria to segment the market. The segmentation can be defined by several methods; the first one is by demographic characteristics. It is effective partly because person’s life stage affects his or her activities‚ interests
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THE NEW DEMOGRAPHIC MAP OF INDIA 1 UNDERSTANDING NEW SEC GROUPS 2 Understanding New SEC Groups New SEC Size % 0.5 1.8 3.0 4.0 5.1 7.0 7.2 11.4 15.1 19.5 15.8 9.6 Cum 0.5 2.3 5.4 9.4 14.5 21.4 28.7 40.1 55.1 74.6 90.4 100.0 Most Own / Use (60%+) About Half Use (30 – 60%) Internet‚ Microwave‚ Water purifier‚ Vacuum cleaner‚ Digital camera New Adoption (5 – 30%) A1 A2 A3 B1 B2 C1 C2 D1 D2 E1 E2 E3 AC‚ Car‚ Computer‚ DVD‚ Geyser‚ Dining table‚ MFD‚ basmati‚ Noodles
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4) Target Segment 5) Target Motivation: (We still don’t know the best target) Any business’ goal is to satisfy its customers wants and needs‚ in this area‚ the customers’ needs differs from a segment to another‚ as for the adults the key that motivates them is the competition as they will be able to participate in different cross fit events (fit festival)‚ as for the athletes their goal is to maintain their fitness abilities and the housewife they are worry about a safe place to leave their children
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