Market segmentation allows businesses to satisfy the diversity in a resource-effective manner and is held up as the panacea of modern marketing (Dibb‚ 2001). Marketing segmentation is more and more vital for business in the modern time. This essay‚ therefore‚ tend to introduce the concept of market segmentation first‚ then and the merits and difficulties will be illustrated. Finally‚ different approaches are going to be demonstrated. Market segmentation is the process by which a diverse market
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Marketing Segmentation Theory based on selling Oxygen bars 1) Demographic Consumer age‚ gender‚ income‚ occupation are considered to be the main factors for demographic segmentation. Other factors like race‚ religion‚ nationality is not emphasized here because product usage will be less affected by those factors. Currently‚ similar-functioned products available in the market have a wide consumer age base‚ ranging from 20+ to 50+. I believe that this age difference does reflect the difference in
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SEGMENTATION (Harish pg3) The process of defining and subdividing a large homogenous market in to clearly identifiable segments having similar needs‚ wants or demand characteristics .Its objective is to design a marketing mix that precisely matches the expectation of customers in the targeted markets. Bases for segmentation Geographic segmentation -: Geographic segmentation calls for division of market in to different geographical units such as nations‚ states‚ regions
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in Great Britain 0160-7383/$30.00 doi:10.1016/j.annals.2004.05.001 MARKET SEGMENTATION A Neural Network Application Jonathan Z. Bloom University of Stellenbosch‚ South Africa Abstract: The objective of the research is to consider a self-organizing neural network for segmenting the international tourist market to Cape Town‚ South Africa. A backpropagation neural network is used to complement the segmentation by generating additional knowledge based on input–output relationship and sensitivity
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2.2 Propose segmentation criteria to be used for products in different markets According to Kotler‚“ Market segmentation is the subdividing of a market into distinct and increasingly homogeneous subgroups of customers‚ where any subgroup can conceivably be selected as a target market to be met with a distinct marketing mix” ( Chee‚ D.‚ 2012). Companies realize that they can’t attract all buyers in the market. Buyers are too large in number‚ needs to buy their products too varied. So
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On October 2nd‚ Gatorade turned 50 years old. In 1965‚ Dr. Robert Cade and his team at the University of Florida‚ invented a drink that helps with renewing the fluids and the electrolytes lost in the sweat by the University’s Football team‚ the Gators‚ and they call it Gatorade. When the Gators won the Orange Bowl in 1967‚ the success of Gatorade start raising. They started to add some flavors to help with the taste‚ and Lemon-lime was the first flavor to add in 1965‚ later in the same year‚ Orange
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most marketable energy drink called “Gatorade”. The commercial features Dwayne wade‚ Serena Williams‚ Derek Teler and Robert Fgiffinll. The reason behind showcasing this ad is because Athletes‚ in particular a lot of restless practice in the day to day life. A Gatorade is very useful in those practice hours as it provides you energy to do. The names mentioned above all are the famous athletes and they cast them so that youth can be motivated to drink Gatorade and be like them. It sends a very positive
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The Power of Gatorade Gatorade grabs focal in fact uses intelligent strategies‚ they get high endorsed athletes and celebrities closer to their fans by having them in their ads and drinking the same drink as everyday people. Everyone can’t buy Dalmore 62‚ but anyone can buy a Gatorade. Gatorade‚ one of the strongest and most influential companies for sports (to name a few) of the: NBA‚ WNBA‚ NHL‚ and the NFL. The Gatorade Company‚ Inc. started in the 60s and now has markets in over 80 countries‚
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football and basketball. Gatorade and Powerade have always been at battle with each other for the top energy drink brand in the world. The high demand for these great products has only increased the competitive sprit. To get consumers to buy their products and convince that their product is better than the opposing opponents product‚ they must shows different slogans‚ Ads and celebrity spokesmen to sell their products. In Advertising commercials each company
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Sport England: Segmenting the British Sports Market Introduction Sport England is the government agency responsible for building the foundations of sporting success‚ by creating a world-leading community sport environment of clubs‚ coaches‚ facilities and volunteers. They want to create a vibrant sporting culture working in partnership with national governing bodies‚ national partners‚ the HE/FE sector‚ local government‚ county sport partnerships and community organizations. Their focus is around
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