Makeup Art Cosmetics Inc.‚ more commonly known as MAC Cosmetics‚ is a popular high-end personal care brand that markets to women. In fact‚ it is so popular and prestigious in the celebrity world that it has been mentioned in pop songs‚ such as "Unpretty" by TLC. The MAC brand is exclusively sold in department stores and on the Web. You will not find it at discount outlets or drug stores. Beginnings: Two Canadians‚ a hair salon chain owner and a makeup artist‚ named Frank Angelo and Frank Toskan
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M•A•C (Makeup Art Cosmetics) Today‚ the cosmetic industry is a very innovative and competitive industry where product innovation and brand image is the key to success. One of the world’s cosmetics leading brands nowadays is M•A•C‚ standing for Makeup Art Cosmetics. The purpose of this essay is to present M.A.C’s branding strategies and it differentiation to the competitors. Brand Overview Makeup Art Cosmetics or M•A•C is one of the world’s fastest growing cosmetic brands. M.A.C’s creation
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based on the organisation ‘MAC Cosmetics’. This report will cover recommendations to improve competitiveness of the company as well as looking over the current environment. To accomplish this a detailed PEST and SWOT analysis will be carried out and analysed. The identification of current target segments for the company will also be carried out and a marketing mix analysis will also be undertaken to see which elements of the mix are most relevant towards the identified target segments. PEST & SWOT
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M.A.C. COSMETICS | CREATED BY: | Lecturer: | Due Date: | THE MARKETING MIX THE MARKETING MIX MAC COSMETICS History M·A·C Cosmetics‚ was founded in Toronto‚ Ontario‚ Canada by Frank Toskan and Frank Angelo in 1985. The first U.S M·A·C store opened in 2003‚ in Greenwich Village‚ New York. The company ’s products were initially specifically designed for professional make-up artists‚ but are now sold to consumers worldwide. Products The collection includes blush‚ eye shadow‚
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A. Business Analysis: Makeup Art Cosmetics (MAC) was founded in 1985 in Toronto by Frank Toskan and the late Frank Angelo. The BUSINESS PLAN concentrated on targeting young‚ fashionable females by creating cosmetic products which contain unique textures and colours. Using this strategy‚ the company targeted the celebrities and other cosmetic influencers to gain recognition and market share in the younger consumer market. Since its inception‚ the company has grown to become a multi-national
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[pic] “All Races‚ All Sexes‚ All Ages” [pic] Makeup Art Cosmetics SWOT-analysis Executive Summary This report is to find out what M·A·C’s strengths‚ weaknesses‚ opportunities and threats are. The research question is stated like: Should M·A·C adapt their promotional tools in the Dutch market in order to increase their sales and brand awareness? After analyzing the external and internal environment‚ it became clear what the strengths‚ weaknesses‚ opportunities and threats are
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History and development of M.A.C It all started with two Canadians‚ a hair salon owner Frank Angelo and a makeup artist‚ named Frank Toskan‚ The two men started MAC in Toronto in 1984. They wanted to create cosmetic products that could withstand all the rigorous wear required to do photo shoot‚ such as the heat from bright lighting. Frank Toskan was the idea man in the company. Before he partnered with Angelo‚ he spent hours experimenting with formulas to try and create this "super makeup" with
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Makeup Art Cosmetics (MAC) was founded in 1985 in Toronto by Frank Toskan and the late Frank Angelo. The business plan concentrated on targeting young‚ fashionable females by creating cosmetic products which contain unique textures and colours. Using this strategy‚ the company targeted the ¡°hip¡± celebrities and other cosmetic influencers to gain recognition and market share in the younger consumer market. Since its inception‚ the company has grown to become a multi-national organization operating
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TARGET MARKETS Market Analysis Target Market - Your target customers are those who are most likely to buy from you. Target Marketing can– Help in Clearer understanding of markets needs‚ wants and desires More specific and effective use of marketing resources (e.g. budget‚ time expertise) More strategic approach Maximize profit. Importance Steps of Market Analysis: Market Segmentation Market Size Market Dynamics Competitors Historical Background Emerging Trends Market
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What is meant by “target market”? The focus of marketing effort is people. The goal is to reach a subset of the population who may be interested in your particular product. That group of people is your target market. The term target market is used because that market is the target at which you aim all your marketing efforts. The markets you are trying to reach are people with common characteristics that set them apart as a group. The more you know about a target market‚ the more precisely you
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