Segmentation Why segmentation? External factors - globalization - clutter - knowledgable customers - competition - technology Internal factors - allocation of resources - effective marketing programmes - opportunies For NPD or/and market development Breaking down the market Potential market (everyone out there) Available market ( those who could buy the product) Target market (those we address) Penetrated market (those who actually buy the products) From
Premium Psychology Maslow's hierarchy of needs Marketing
What are Segmentation Variables? To understand what segmentation variables in marketing are‚ it helps to first know what market segmentation is. Market segmentation is the analysis of population demographics so they can be categorized in specific ways. These specific ways of categorization in market segmentation are why segmentation variables are needed and used. Four (4) groups of Segmentation Variables – 1. Geographic segmentation is based on variables such as: • Region: this kind of
Premium Psychographic Hotel Marketing
referred to simply as Coke (a registered trademark of The Coca-Cola Company‚ which is in the United States since March 27‚ 1944). It is a carbonated soft drink sold in the stores‚ restaurants‚ and vending machines of more than 200 countries.. Originally proposed as a patent medicine when it was invented in the late 19th century by John Pemberton‚ Coca-Cola was bought out by businessman Asa Griggs Candler‚ whose marketing strategies led Coke to its governing of the world soft-drink market throughout the
Premium Coca-Cola
Nestle’ Segmentation Segmentation is defined as a group of people that share one or more characteristics. Each market segment is unique and marketing managers decide on various criteria to create their target market(s). They may approach each segment differently‚ after fully understanding the needs‚ lifestyles‚ demographics and personality of the target. Some e.g. of common characteristics are: interests‚ lifestyle‚ age‚ gender‚ etc. Common types of market segmentation include: geographic‚ demographic
Premium Marketing Marketing research Psychographic
Coke Ethical Issues Our product is quite healthy. Fluid replenishment is a key to health. Coke does a great service because it encourages people to take in more and more liquids. - Michael Douglas Ivester‚ Coke’s Chairman and CEO. Public schools are funded by the public to educate the children as provided by state law. It is totally inappropriate that its facilities and employees are being used by corporations to increase their own profits on public time and with public dollars
Premium Soft drink Coca-Cola
Technology 69 2012 A Model of Market Segmentation for the Customers of Mellat Bank in Iran Nader Gharibnavaz‚ Hossein Yazdi Abstract—If organizations like Mellat Bank want to identify its customer market completely to reach its specified goals‚ it can segment the market to offer the product package to the right segment. Our objective is to offer a segmentation model for Iran banking market in Mellat bank view. The methodology of this project is combined by “segmentation on the basis of four part-quality
Premium Bank Marketing
(SIU)} Strategic Marketing Assignment II PepsiCo Vs Coca Cola India’s Perspective Prepared By: Ajay Shivpuje (20) Control of market share and dominating volumes are key issue of this article. Just how is this done in such a competitive market is the underlying issue. Which are the strategies those helped these major players to become successful in India. Both these major giants entered India around 1992.Both giants entered with
Premium Coca-Cola Marketing Pepsi
Introducing New Coke Q. In your opinion‚ what was the most significant challenge (or problem) that Coca Cola faced with the Pepsi Challenge? Ans. The most significant challenge faced by Coca Cola was in the late 1970s when the top executives of the Coca Cola actually paid less and less attention to the marketing and sales of their central product and they were making attempt on diversifications‚ and the competitor Pepsi during this period targeted the young generation by
Premium Coca-Cola Cola Pepsi
Market is the place where buyers meet respective sellers. While a collection of sellers constitute the industry for a good or service‚ a collection of buyers constitute the market for that good or service. Neither markets nor buyers are homogeneous in nature (Alderson‚ 1983; Assael and Roscoe‚ 1976; Claycamp and Massy‚ 1968; Smith‚ 1956; cited in Kara and Kaynak‚ 1997). Therefore‚ it is important for marketers to segregate customers with similar needs and wants as well as similar characteristics
Premium Marketing
A) Coca-Cola is predominantly a manufacturer‚ distributor and marketer of nonalcoholic beverage concentrates and syrups. They also manufacture finished beverages. Pepsi is a manufacturer or use manufacturers‚ market and sell a variety of salty‚ sweet and grain-based snacks‚ carbonated and non-carbonated beverages‚ and foods through their North American and international divisions. B) Coca-Cola has the dominant position in beverage sales. C) Coca-Cola 2006 $29‚963‚ 2007 $43
Premium Revenue Balance sheet Generally Accepted Accounting Principles