MODULE 3: MARKET SEGMENTATION AND POSITIONING Lecture - 5 FAQS (FREQUENTLY ASKED QUESTIONS): Ques 1 Define Market Segmentation Ans 1 Market segmentation is the process of identifying distinct groups and or sub groups of customers in the market‚ who have distinct needs‚ characteristics‚ preferences and/or behaviors‚ and require separate product and service offerings and corresponding marketing mixes. “Market segmentation can be defined as the process of dividing a market into distinct
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This can be done through market segmentation in order for the company to achieve their target. Market segmentation refers to a marketing concept which divides complete market into smaller segments. One market segment is totally distint from the other segment‚ therefore each company has to design a business tool or known as marketing mix that precisely matches the expectations of consumers in the targeted segments. All together‚ there are four basic market segmentation-strategies which are behavioral
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1. TOPIC OF REPORT A Report on Why Most People Prefer iPhone? 1.1 Introduction iPhone is a line of smart phones designed and marketed by Apple Inc. The key person of the invention is Steve Jobs (Chairman‚ 1976-1985‚ 2011; CEO‚ 1997–2011). iPhone was released on 29 of June‚ 2007. There are 5 generation of iPhone and the latest model that release on 4 of October‚ 2011 is known as iPhone 4s. 1.2 Problem/Issues that called for investigation Nowadays‚ people had spend more time on their phone
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Study “Apple introduced the original iPhone back in 2007‚ instantly obsoleting every other smartphone on the planet in every way that mattered” (Ritchie‚ 2013‚ p.1). Within the next two years Apple came out with the iPhone 3G and 3GS which they were able to increase the functionality while simultaneously lowering the price‚ this allowed Apple to take the smartphone fully out of the niche and make them mainstream (Ritchie‚ 2013). Apple was able to bring the iPhone to broader carriers and faster speeds
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Event Positioning Bachelor Paper I Submitted by: Juraj Melicher Table of Contents 1. INTRODUCTION 1 2. THE INDUSTRY OVERVIEW 2.1 2.2 2.3 2.4 2.5 HISTORY ORIGINS THE BIRTH OF THE INDUSTRY TRENDS WHAT IS THE EVENT? TYPES OF EVENTS 2.5.1 Size 2.5.2 Form or content 2 2 2 3 4 5 7 9 3. THE CONCEPT OF POSITIONING 3.1 3.2 3.3 3.4 3.5 STRATEGIC PLANNING THE AGE OF SAMENESS EVENT VS. PRODUCT POSITIONING‚ THE KEY TO BE FOCUSED AND DIFFERENTIATED THE MOST COMMON STRATEGIC APPROACHES TOWARD POSITIONING
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iPhone 6 Apple working on 4.7-and-5.7-inch iPhones for 2014 Reuters cites ‘four people with knowledge of the matter’ and as well as claiming the larger display models under consideration they also point to cheaper variants being considered too. Again‚ we have heard whispers of a budget iPhone for a very long time. Apple is said to be considering such products for the usually cited reason: Samsung. The report suggests Apple is starting to think it needs a broader product portfolio to compete
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possibilities curve for the iPhone 5c and the iPhone 5s‚ I expected the cost benefit analysis would favor towards the iPhone 5c. However‚ I underestimated the utility of iPhone manufacturing and how much it actually cost to build‚ sell and profit from the iPhone 5c. Apple Inc. also has to consider their marketing as well‚ to insure their product sells across the globe to receive marginal benefit. According to the information on the production possibilities curve‚ the iPhone 5s marginal cost is about
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The company was located in Cupertino‚ California. It was the first company that has released a graphical user interface (GUI) for the operating system. Apple was preparing a lot of surprises for people all the time. From the first GUI to the last iPhone‚ Apple has always been a symbol of the start signal of new developments in the their industry. Until the nineties‚ Apple released one of the most anticipated and best personal computers. But after the products went on sale Apple has failed‚ because
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Running head: TARGETING AND POSITIONING PAPER iPod Targeting and Positioning d University of Phoenix MKT 463 Targeting and Positioning the iPod There are many factors to consider when marketing a new or existing product. Segmentation‚ targeting‚ and positioning are important when identifying the specific target market‚ examining the role that consumer behavior plays when applying basic marketing concepts‚ and examining the impact of purchase trends on consumer behavior. Internal
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Product Introduction: Chik Shampoo: Chik shampoo is a product of a Chennai based FMCG company Cavin Care. According to www.business-standard.com Article Chik mate by Gouri Shukla / Mumbai June 3‚ 2003 “Chik has become the second-largest shampoo brand — after fast-moving consumer goods giant Hindustan Lever Limited’s (HLL) Clinic Plus — in volume terms.” As per www.moneycontrol.com‚ “The shampoo sachet‚ which unlocked instant consumer recognition and cult-brand status for the company‚ today
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