Market Research Project Group Members: Table of Contents Introduction In 1986 the New York Giants had one of the most successful NFL seasons in league history. It all came down to the final game of the season on the world’s biggest stage when they faced off against the Denver Broncos. The Giants and their head coach‚ Bill Parcells‚ went on to seal a victory but it’s not the win that was marked by the NFL as the 27th greatest moment in Super Bowl history. Instead it was after the game was
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Republic of the Union of Myanmar Urbanizarion: urban population: 34% of total population (2010) rate of urbanization: 2.9% annual rate of change (2010-15 est.) Myanmar Economy: It is a resource-rich country‚ suffers from pervasive government controls‚ inefficient economic policies‚ corruption‚ and rural poverty. Despite Myanmar’s emergence as a natural gas exporter‚ socio-economic conditions have deteriorated under the mismanagement of the previous regime. Approximately 32%
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“Market brief information for electrical product in Myanmar market” According to the market survey‚ there are premium brand market‚ medium brand market and low brand market remaining with various brand names and origins we can see. Despite many brands and origins we found in the market‚ market segment is running as household‚ project (government) and project (private) that we observed. LOW BRAND IN THE HOUSEHOLD MARKET Household market runs independently and we guessed 60% of market share belong
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TARGET MARKETS Market Analysis Target Market - Your target customers are those who are most likely to buy from you. Target Marketing can– Help in Clearer understanding of markets needs‚ wants and desires More specific and effective use of marketing resources (e.g. budget‚ time expertise) More strategic approach Maximize profit. Importance Steps of Market Analysis: Market Segmentation Market Size Market Dynamics Competitors Historical Background Emerging Trends Market
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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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The market also sets prices for goods and services. 4. Describe the likely target market for a company that sells designer jeans at a shopping mall. Explain the reasoning behind your answer. A= The target market would be people who wears designer jeans‚ people who has a lot of money and people who wants to fit in with everyone else because they don’t care how much it cost at longs they have them. 5. Explain how an item’s target market might affect its price. A= An item’s target market is affect
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Target market In order to reach our service to the right customer‚ we have chosen Demographic as our target market segment such as age‚ income and occupation. By using this segmentation‚ it could easily help us to find the logical way to classify consumers. According to the result shown in Figure 1 that has been attached in appendices‚ most of the internet user’s age in Malaysia is between 15 and 44. In Figure 1‚ we can see that the majority internet users 38% are from age 15 to 24‚ second rank
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Autism Speaks Target Market Target Market: * Who is the Target Market? 1. Families‚ friends‚ caregivers‚ and others affected in a variety of ways by Autism * How does this demographic work together to raise awareness? 2. Provide insight‚ support‚ and education to greater communities through neighborhood events and open monthly Meetings Research Average Target Market: * Autism Speaks Main Geographic Areas: 3. There are four main geographic chapters of Autism
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reach the target market and access all the market desired‚ without the logistics issues‚ costs‚ and decreasing the trade risks. The disadvantage of using distributors is that Chocoberry may not know who is buying the healthy chocolate bar; consequently it cannot establish relationship with them. Another risk of using distributors is that the product might be advertised and priced in a way that is not advantageous for Chocoberry‚ causing reaching the wrong target market and losing market share. To
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Target Markets A target market‚ according to Kotler and Armstrong (2004)‚ consists of a set of buyers who share common needs or characteristics that the company decides to serve. The decision of selecting target segments can be assessed by looking at market factors‚ competitive factors‚ and political‚ social‚ and environmental factors (Jobber‚ 1995). Since the location is Asiatown IT Park‚ Lahug Cebu City; our market targets are the call center agents and the people working in offices. These
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