and tourism Task 3 (AO3) [pic] Overview: Market segmentation can be done in various ways. Most companies choose to use not just one but a combination of methods: 1.Demographic segmentation Demographics is the study of the make-up of the population. Demographic trends illustrate how the population is changing. Factors that affect the make-up of the population include the birth rate and life expectancy. When demographic segmentation is used‚ consumers are grouped according to:
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Topics Market Introduction of market segmentation (NOT FROM THE NOTES) Basis of market segmentation – Consumer characteristic approach - Demographic‚ Geographic‚ Psychographic‚ and Behavioral Segments. (There are many subdivisions under each base.) Consumer response approach – benefit‚ loyalty‚ usage and occasion Marketing Strategies – undifferentiated‚ differentiated and concentrated marketing strategies. Why segmentation the market Facilitates the right choice of target market Facilitates
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Sony China Market Segmentation Memorandum Date: To: From: Subject: October 27‚ 2014 Richard Lopez Hernan Alvarez Sony Targets Laptop Consumers In China Sony VAIO is the best computer that serves the needs of every customer and is not comparable at all. From the conducted 760 surveys‚ 18 percent are grouped in the segment of entertainment lovers. Then 88 percent of all the entertainment lovers plan to by a laptop within the next 12 months‚ according to Exhibit 8. Therefore‚ there are approximately
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MARKETING RESEARCH AND MARKET SEGMENTATION 1. 2. 3. 4. 5. Objectives: Market research‚ product research‚ price research‚ sales promotion research and distribution research A wide variety of procedures used in marketing research The requirements for and benefits of market segmentation Geographic‚ demographic and psychographics segmentation The value of marketing information system 1 MARKETING RESEARCH AND MARKET SEGMENTATION • Marketing research is defined as the investigation of factors related
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Analyze of Market Segmentation of Coca-Cola Individuals with different product requirements have heterogeneous needs. Market segmentation is the process of differentiation a total market into subgroups consisting of people who demand similar products. A market segment composes of individuals‚ groups or organizations with special characteristics that incline them to have similar product needs. It allows the companies to provide better demand satisfaction. Moreover‚ consumer markets can be characterized
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Fashion Channel Market Segmentation Fashion Channel Market Segmentation SWOT Analysis Strengths 1. Specialist in fashion-oriented programming 2. Appeals mostly to women between 35 and 54 3. Attracts premium pricing 4. Operates under the basic cable package Weaknesses 1. Operations not fully diversified 2. Section of management is reluctant to accept change 3. Satisfaction level of TFC’s customers is on the decline 4. Lack of market segmentation Opportunities 1. Advertisers are ready
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GEOGRAPHY 1. Region: Canadian tire is spread all over Canada with 1200 stores across the country. 2. Market size: 90 per cent of the Canadians visit CT every year. One third of sales are driven by strong in-house brands leading market share in many of key lines in business. 3. Market density: Canadian tire is one of the most shopped general merchandise retailers. A CT store is within 15 minutes reach of 90 per cent of Canadians and has 1200 stores across Canada. 4. Climate: The climate
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Segmentation‚ Targeting and Positioning:- 5.1 Product Market:- ZCLC is an emerging industry that has ended up to be the most crucial demanding entity of today’s rapid paced world. Expanding measures of families have been witnesses‚ who have ended up subject to dual wages‚ which has created the need of the day care industry. There are more than 300 offices in the range that give comparative administrations to ZCLC‚ each of these comprise of high customer base‚ and is definitely a lucrative business
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Mhd Mouafak Alomari Assignment: Market Segmentation and Product Positioning Strayer University Dr. Joel Nwagbaraocha Wednesday 04/19/2011 “My Teacher”: Introduction and identification “My Teacher” is a new service that made on the concept of helping‚ graduate or international student in the United States to develop and improve his educational career when he feels that he is under leveled or he lacks the ability of staying on the same level of his colleagues‚ and have the desire to increase
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1. Identify several major categories of segmentation used by Marroitt. Marriott decided to enhance travelers’ value by segmenting the market and then targeting selected segments‚ each with a different brand. Then as now‚ Marriott was the flagship brand. Each new brand would support Marriott’s overall brand identity — a commitment to superior customer service — and train employees to have a passion for service. Marriott’s flagship brand continues to target customers needing fine restaurants
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