Target Market Report : Beyonce Name: William Heng Wui Seng Student ID: HWWSD101 Lecturer: Mr. Chris Bright Class time: Wednesday‚ 1.30pm – 5.30pm Market Segmentation. 1.0 Segmentation Theory. Market segmentation is a concept in economics and marketing. It is a strategy that involves dividing a larger market into subsets of consumers who have common needs and applications for the goods and services offered in the market. `What’ is market segmentation’ ( Tatum‚ 2010). Market segmentation
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Market analysis The term industry 4.0 refers to a further developmental stage in the organization and management of the entire value chain process involved in manufacturing industry. The concept of industry 4.0 is already used all over Europe and US and sometimes are also used terms like internet of things‚ the internet of everything or the industrial internet. All these terms have the recognition that traditional manufacturing and production methods are having a digital transformation. For many
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2. Analysis of Supply Dynamics Issues When we talk about supply in terms of the banking sector‚ we talk about supply of funds that the bank can loan. This supply of loanable funds come mainly from the customers themselves in the form of deposits. The demand section of this report discusses in-depth about the deposits from the market. This section is used to address the macro-economic aspects of the supply of funds including the money supply of the country‚ major contributors in the supply dynamics
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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
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Segmentation and customer profile. Segmentation is dividing a market into a smaller groups that shared similar needs‚ wants‚ characteristics‚ and behaviours towards the goods and services. (reference). The market segmentation is a must and important to the all oraganizations. This is because each customers have different needs and wants‚ so that by segment the market‚ the organization can identify which customers that can match with their products and services. In Dell‚ the segmentation is a backbone
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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
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BANKING CHALLENGES IN THE 21ST CENTURY. What banking industry in the face of 21st century Dr. Muhammad Anwar Hassan‚ Vice Chancellor‚ Preston University‚ Mr. Muhammad Humayun Khan‚ Chief Manager‚ State Bank of Pakistan‚ SBP BSC (Bank) Peshawar‚ Mr. Rashid Qazi‚ Vice President‚ PICIC Commercial Bank Ltd. Peshawar‚ Mr. Badar Hussain‚ Area Head North‚ MCB Peshawar‚ Mr. Tabraiz Hassan Butt‚ Regional Business/Operational Chief Peshawar‚ Fellow Bankers‚ Distinguished Ladies and Gentlemen! First of all
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1.1. Industry Analysis 1.1.1. Market Characteristics: - Market Potential: During the past few years major footwear and clothing brands like Reebok and Puma‚ and more recently‚ adidas and Nike‚ have been moving into the cricket market. Reebok was the official technical sponsor of the 2011 ICC World Cup and adidas clothes the Proteas‚ English and Australian teams. Nike featured prominently on the sleeves of the Indian team shirts. Some of the top players who had been in action at
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Situation/Market Analysis Market Size: * 33‚946‚600 sports footwear sold in 2010 for a total of $ 2‚538.4M * 19‚149‚200 men’s sports footwear sold in 2010 for a total of $ 1‚363.9M * 14‚797‚400 women’s sports footwear sold in 2010 for a total of $ 1‚174.5M Market Growth: Global sports footwear: * 46.8% volume growth from 05-10 and 2.1% from 09-10 * 46.7% value growth from 05-10 and 3.3% from 09-10 Men’s sports footwear: * 65.6% volume growth from 05-10 and
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Demographic segmentation divides the market into groups based on demographic variables including age‚gender‚ family size and life cycle. The following four variables are examples of demographic factors used in market segmentation: 1. Age : Consumer needs and wants change with age. The marketing mix may therefore need to be adapted depending on which age segment or segments are being targeted. Case Study : The lure of generation Y With a plethora of anti-ageing products flooding the market‚ catering
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