A. Thailand Fashion Industry In the past‚ Thailand is usually a thought of an agricultural country. Only a decade ago‚ its fashion industry has grown rapidly. Thailand has been known from traditions for high-quality fabrics such as Thai silk. In 2010‚ fashion industry contributed more than 17 percent of the nation GDP. It is also the largest manufacturing industry in Thailand with approximately 4‚000 manufacturers. Fashion industry employed more than one million workers. This is one third of
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leading direct seller of beauty and related products. It markets to women around the world through 4.9 million independent sales representatives a number that has grown 11% from 2003. In addition to be the leading direct seller‚ it is the sixth largest global beauty company in term of size with total assets equals to $4.2 billions in 2004. Moreover Avon is expanding in the global market rapidly and it has business operations in 60 markets conducting over 1 billion customer transactions every year
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STP model is the heart of strategic marketing where S stands for segmenting‚ T stands for targeting and P stands for positioning (Qiang & Xiumin‚ 2013‚ p. 221). Market segmentation is the process of grouping customers in the markets with similar needs and traits into smaller‚ homogenous groups (Armstrong & Kotler‚ 2000; Boone & Kurtz‚ 1999; Brooksbank‚ 1994; Dibb et al.‚ 2006; Ennew‚ 1993; Jobber‚ 2007; Lamb et al.‚ 2004 cited in Fang‚ 2012‚ p. 141). This enables firms to serve customers in the
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FASHION HUB EXECUTIVE SUMMARY Introduction Nowadays‚ bags were treated as a fashion accessories and necessities. Bag manufacturing industry is vastly influenced by fashion trends. Tastes of consumer are always looking for something new. Bags are adorned with embellishment of hardware accessories like metal studs‚ tassels‚ buckles‚ zips‚ beads‚ embroidery‚ ribbons‚ etc. The adornment is fashion driven and the “bling’ value increases or decreases with changing taste of people The Company Fashion
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Apple Distribution and Channel Management : Describe the channel strategy in place‚ give your opinion about its effiency and describe how to could be in the 10 coming years. The company Apple sells lots of technologic and innovative goods and services‚ like the famous iPhone‚ iPod or Macintosh. The success of this firm is due to the innovation‚ an excellent communication‚ design‚ the ease use‚ and in other hand due to the adapted channel distribution strategy. As we can see‚ Apple Products aren’t
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1. SEGMENTATION: One of the fundamental principles of marketing is the segmentation of the market. Segmentation means the splitting of the market into groups of end users who are: 1. Maximum similarity within each group 2. Maximum difference between groups. Based on recent Marketing definitions‚ Behavioural and Psychographic Segmentation are the definitions that best represent Samsung’s current Segmentation Strategy. · GEOGRAPHIC Samsung focuses on rural area as well. It has Samsung
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marketing can be described as STP – segmenting‚ targeting and positioning.’’ Discuss this statement using appropriate examples. Introduction Market segmentation By definition market segmentation is the division of a market into different groups of customers with similar needs. Or to express it in another way‚ market segmentation is the division of a mass market into identifiable and distinct groups or segments‚ and each has common characteristics and needs and displays similar response to marketing
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application of design and aesthetics or natural beauty to clothing and accessories. Fashion design is influenced by cultural and social latitudes‚ and has varied over time and place. Fashion designers work in a number of ways in designing clothing and accessories such as bracelets and necklace‚ because of the time required to bring a garment onto the market‚ must at times anticipate changing consumer tastes. Fashion designers attempt to design clothes which are functional as well as aesthetically
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Four bases of segmentation Geographic Collecting and analysing information according to the location of the customer or other data source. Geographic segmentation is often used in marketing‚ since companies selling products and services would like to know where their products are being sold in order to increase advertising and sales efforts there. A local shop such as a local takeaway use geographic segmentation by targeting customers within a 10 mile radius‚ they can do this by posting leaflets
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distribution markets”. Emerald Group Publishing‚ Limited. Business And Economics--Marketing And Purchasing. Santa Barbara‚ United Kingdom. 2008. Pp 48-56. Scholarly Journals. http://search.proquest.com/abicomplete/docview/220598485/13C4FE6AEA125A60378/1?accountid=11620 When a company employs a multi-channel strategy‚ an important question is what pricing strategy should be adopted so that the company can optimize its profit. In our research we focus on the pressing question of a multi-channel pricing
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