Market segmentation- is the process in marketing of dividing a market into distinct subsets (segments) that behave in the same way or have similar needs. Because each segment is fairly homogeneous in their needs and attitudes‚ they are likely to respond similarly to a given marketing strategy. That is‚ they are likely to have similar feeling and ideas about a marketing mix comprised of a given product or service‚ sold at a given price‚ distributed in a certain way‚ and promoted in a certain way.
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PROJECT REPORT ON FMCG MARKET SRUCTURE AND MARKET SHARE What is FMCG? FMCG is an acronym for Fast Moving Consumer Goods‚ which refer to things that we buy from local supermarkets on daily basis‚ the things that are non-durable‚ sold quickly‚ at relatively low cost‚ have high turnover and are relatively cheaper. FMCG’s constitute a large part of consumers’ budget in all countries. The most common in thelist are baby foods‚ toilet soaps‚ detergents‚ shampoos‚ toothpaste‚ cosmetics‚ shaving products
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Marketing Mix Price‚ Product‚ Promotion and Place are known as the “Four Ps” of Marketing. The combination of the four Ps used for the purpose of marketing product is known as the Marketing Mix. For this paper‚ you will be creating your own marketing mix. Specifically‚ you will: Choose a tangible product with which you are familiar and describe why this product is of interest to you. Describe‚ in your own words‚ the characteristics of each element of the Marketing Mix (price‚ product‚ place
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ECO535 TUTORIAL 3 –Chapter 4 –HUMAN CAPITAL INVESTMENT TRUE & FALSE QUESTIONS (10 MARKS) ANSWER ALL QUESTIONS 1. General training will be paid for by the employee in the form of a reduced wage Specific training reduces the worker’s value to the firm‚ because the worker’s wage rate would have to rise . 2. Specific training reduces the worker’s value to the firm‚ because the worker’s wage rate would have to rise . 3. A worker who has obtained specific training is more likely to establish a
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1: Market Analysis and Market Entry Strategies (35 Marks) By analysing Market analysis‚ factors affecting competitive rivalry: this is one of the factors emerging from the Porters five forces model can help in strategic development issues such as Differentiation: providing quality products and services when compare to the others‚ such as whole foods store in London positioned itself as a food retailer emphasising fresh and organic food‚ access to distribution channels: this helps in market penetration
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firm may fit into one form of the market structure types of pure competition‚ monopolistic competition‚ oligopoly and monopoly. In each of the four market structure types‚ analyse and evaluate the Structure-Conduct-Performance paradigm strategies a firm should pursue to sustain and improve on its profitability as much as possible. In the course of writing your assignment‚ you are required to use the SCP paradigm to evaluate the characteristics of the four market structure types‚ and how they impact
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Jeremy Peav Mr. Sherr Per. 3 4/29/13 The Stock Market The stock market is a very important variable in the economy. The stock market is where shares or stock are issued and traded either through exchanges or over-the-counter markets. It is also known as the equity market‚ it is one of the most vital areas of a market economy as it provides companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the company’s future performance
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MARKET STRUCTURE Economists classify the market in different ways. In the main‚ types of markets are examined in four categories which are ‘monopoly‚ oligopoly‚ monopolistic competition and perfect competition’. There are some major features that separate these types of markets. A monopoly is a structure in which a single supplier produces and sells a given product. (E.g. IGDAS‚ ISKI‚ OPEC) If there is a single seller in a certain industry and there are not any close substitutes for the product
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basis competitive rivalry is likely to take place within each group and how it is different from one group to another. Mobility between groups depends on the extent to which there are barriers to entry between one group and another. Just as a new market space often can be found by looking across substitute industries so it can be found by looking across strategic groups. The term refers to a group of companies within an industry that pursue a similar strategy. In most industries‚ all the fundamental
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Al Ain Dairy: market expansion Melodena Stephens Balakrishnan Melodena Stephens Balakrishnan is an Associate Professor (Marketing) in the Faculty of Business and Management‚ University of Wollongong in Dubai‚ Dubai‚ United Arab Emirates. hashi Kumar Menon‚ the chief operating officer of Al Ain Dairy was at their launch of the new product Long Life Juice in Dubai on 16 July 2010. To a room full of media and interested stakeholders‚ he explained the company’s upcoming six month plan. Al Ain Diary
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