Burberry Target Market Wealthy business owners‚ CEOs and COOs and their spouses Worldly citizens Label and fashion conscious shoppers Celebrities Consumers seeking quality merchandise Younger professional 18-30 SHANGHAI TANG Current Market Segment Upper middle class Professional‚ Managers‚ Executives‚ Businessmen (PMEBs) Age:25-39 especially high-income chinese women between 30-35 Now attract Westerners who are interested in Chinese tradition PMEBs Lifestyle Spendthrifts‚ willing to spend up to
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What is meant by “target market”? The focus of marketing effort is people. The goal is to reach a subset of the population who may be interested in your particular product. That group of people is your target market. The term target market is used because that market is the target at which you aim all your marketing efforts. The markets you are trying to reach are people with common characteristics that set them apart as a group. The more you know about a target market‚ the more precisely you
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Market Analysis on Detergents The Detergent Market is one of the segments of the FMCG market in India that has high growth potential. The detergent based segment is divided into two broad categories - oil-based laundry soaps and synthetic detergents‚ including bars‚ powder‚ and liquids. The detergent market is mainly concentrated in the urban areas but the level of penetration in the rural for the past few years has been good. Market segmentation Detergent
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state‚ is now becoming the perfect metropolitan area for East Asia’s fresh economic boom. More than ten million tourists visiting yearly‚ mostly from neighboring countries (Singapore‚ Indonesia‚ Thailand and the Philippines)‚ Kuala Lumpur’s retail segment is the strongest in the area. Marry-brown will attract youngsters and teenagers to bring their friends and family with our innovative setting. Background Marry-brown is Malaysian base fast food restaurant chain accomplished and maintained
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with a specialization function. Powerbike also provide for service and repairing for the bike. Furthermore powerbike is a one-stop retailer within quality and reasonable price. In the Marketing Segmenting there are four kind of segmentation‚ they are Behavioral Segmentation‚ Demographic Segmentation‚ Psychographic Segmentation‚ and Geographic Segmentation. Behavioral Segmentation is the most powerful type of segmentation because it uses actual consumer behaviour or product usage
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Market segmentation is defined as a company which are trying to divide the market into different parts according to its distinct needs‚resources‚locations and buying attitudes.It have four main tpoics:segmenting consumer markets‚business markets‚international markets and requirements for effective segmentation. I think the most interesting part of market segmentation is consumer markets segmentation. Different consumers have different needs according to geographic‚demographic‚psychographic and behavioural
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1976 in Taiwan. According to Cartmell‚ the original name when founded by Stan Shih and his wife Carolyn Yeh was called Multitech. The name was changed to Acer in 1987. The Acer group has four brands: Acer‚ Gateway‚ eMachines‚ and Packard Bell. Acer Inc. global headquarters is in Taiwan. They do business all over the world and have continent headquarters in the United States‚ Europe‚ and Asia. This is a global company and has to be treated that way. Acer has marketed itself to branding all over the
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Products‚ Services‚ and Prices in the Free Market Economy Starbucks Corporation (Starbucks) is considering whether to increase or decrease the price of their product in order to increase revenue. Deciding upon which direction to go with the price depends upon the price elasticity of the product. According to the law of demand: “All else equal‚ as price falls‚ the quantity demanded rises‚ and as price rises‚ the quantity demanded falls. In short‚ there is a negative or inverse relationship between
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Market Segmentation in Tourism Every tourist is different. Every tourist feels attracted by different tourist destinations‚ likes to engage in different activities while on vacation‚ makes use of different entertainment facilities and complains about different aspects of their vacation. While all tourists are different‚ some are more similar to each other than others: many people enjoy culture tourism‚ many tourists like to ski during their winter holiday and many tourists require entertainment
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Characteristics of successful entrepreneurs 3. McGregor’s view was that theory X amounted to “treating people as children”. Should we deduce from this that a Theory X approach on part of teachers will produce the best results in the classroom? (10) Firstly‚ Theory X managers assume a number of things about the workers: they assume they don’t want to work‚ lack ambition and discipline is essential to make them work. For these reasons‚ the leadership style of theory X managers is autocratic- orders
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