assignment successfully. We would also like to appreciate the commitment of staff members of Sri Lanka tourism development authority‚ who have helped us to obtain information of past situations‚ present position and future estimation of tourism industry in Sri Lanka. Executive summary The purpose of this report is to develop comprehensive strategic plan to re-engineer tourism industry in Sri Lanka and to earn foreign exchange to the country. The development of the plan was carried out by considering
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Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs‚ and then designing and implementing strategies to target their needs and desires using media channels and other touch-points that best allow to reach them. Market segments allow companies to create product differentiation strategies to target them. Criteria for segmenting An ideal market segment meets all of the following criteria: * It is possible to measure
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The purpose of market segmentation is to enable the marketer to adjust marketing mixes (product‚ price‚ promotion‚ place) to meet the needs of one or more specific segments. Basically marketers use the market segmentation process to divide big markets into smaller segments according to characteristics of individuals‚ different groups and locations. Adidas the largest sportswear manufacturer in Europe and the second biggest sportswear manufacturer in the world markets by looking at buying attitudes
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Table of content 1. Introduction: 4 2. Market Segmentation 5 3. The Concept of Market Segmentation 5 4. The Process of Market Segmentation 5 5. Demographic Segmentation 5 6. Geographic Segmentation 5 7. Psychographic segmentation 6 8. Behavioural Segmentation 6 9. Market targeting 7 10. Market Segmentation Limitations 8 11. The Positioning Concept 9 12. Positioning Strategies 10 13. References 11 Abstract This paper looks at the use of market segmentation as a tool for improving
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must popular shoes on the market. Today must designer shoes are cute‚ but are too high for some women with flat feet or others who just want to be comfortable‚ while looking cute. Shoes by design is a shoe company that provides low heeled designer shoes for women of all ages. The company also provides repair services for their shoes. Shoes by design provides services for women in the United States as well as Europe. Market Segment A market segment is a sub-set of a market made up of people or organizations
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Geoffrey Bawa was born in Ceylon (now known as Sri Lanka)‚ the younger son of a wealthy Muslim lawyer and his Dutch Burger wife. After graduating‚ he studied English at Cambridge and Law in London. He had always preferred to be treated as a Ceylon-born European instead of a Ceylonese who had some European blood in his veins. Perhaps he came to the conclusion that he was more Asian than European‚ Bawa decided to return to Colombo in 1948. “Soon after he returned‚ he bought an abandoned rubber estate
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SEGMENTATION: An organization cannot satisfy all the needs and wants of all the consumers. Therefore‚ Market is divided into different segments so an organization can focus on the needs and wants of the specific consumers who share similar needs and demonstrate similar buyer behavior. In the world‚ there are different types of buyers with their own needs and behavior. Segmentation is the process to match groups of the purchasers with same needs and wants. Market segmentation: The division of a
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Market Segmentation Introduction The process of defining and subdividing a large homogenous market into clearly identifiable segments having similar needs‚ wants‚ or demand characteristics. Its objective is to design a marketing mix that precisely matches the of customers in the targeted segment. Few companies are big enough to supply the needs of an entire market; most must breakdown the total demand into segments and choose those that the company is best equipped to handle. Four basic factors
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appointed by the Hon. Minister of Sports and Youth Affairs MEMBERS Prof. Lakshman Jayatilleke (Chair) Prof. Siripala Hettige Prof. M T M Jifffry Mr. O Arumugam Ms. Sriyanie Wijesundara (Convener) CONTENT Abstract Page 1. 2. Preamble Introduction 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Background Purpose and Rationale Definition of Youth Historical Contemporary issues affecting young women and men Youth Profile Background to the development of youth services The policy context 1 2 4 5 6 6 10
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Market segmentation Market consists of large number of actual and potential customers. The process of splitting the market into different groups or segments based on the needs‚ characteristics or buyer behavior is called as Segmentation (Kotler‚ Brown‚ Adam‚ and Armstrong‚ 2007). Singapore Airlines (SIA) has used traditional approach adopted by legacy carriers for segmentation. SIA focuses on business travelers and the price sensitive leisure travelers. The business paradigm of SIA has clearly
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