Segmentation and Target Market Paper Christopher Reynolds MKT/571 November 11‚ 2013 Bernie Cerasaro Segmentation and Target Market The flooring industry is a very competitive one‚ and this paper will discuss the market segmentation within the flooring industry while also determining the target market of O’Boyle Flooring. Market segmentation is a tool that is used to identify ways to improve the services of the company while growing revenues (Zuckerman‚ 2002). Market segments fall into
Premium Marketing Marketing research Economics terminology
Describe segmentation • Explain demographics‚ Geographic’s‚ psychographics and why companies use these methods to segment the market effectively • Explain different methods used to segment markets e.g. ACORN‚ Mosaic • Explain the different target markets of McDonalds – identify 4 product ranges and describe in detail the target market for each product • Describe the different needs of each target segment • Use examples specific to McDonalds Segmentation Market segmentation is where
Premium Target market Target audience Meal
regions: North‚ East‚ West‚ and South. • Consumers in the North prefer pink colored soaps‚ which have floral profiles. Here the fragrance preference is for more sophisticated profiles reflecting their lifestyles. Freshness soaps with lime and citrus notes are also popular preferences as the climate in the North is very hot and citrus/lime scented soaps are seen to be refreshing. • The East is not a big soap market; hence no particular preference skews. • Consumers in the West exhibit preferences
Premium Fast moving consumer goods Preference Population
Dove with olive leaf A number of peace symbols have been used in various cultures and contexts‚ one of the most ancient being the olive branch. The symbol of the dove and olive branch was used by early Christians and was later adopted as a secular symbol. It was popularized by Pablo Picasso in 1949 and became widely used in the post-war peace movement. In the 20th century the peace sign was adopted by the Campaign for Nuclear Disarmament. The V hand signal and the peace flag became international
Premium
FIVE of the following 1. What is consumer Behavior? Explain briefly the various factors influencing consumer behavior taking example of any consumer durable of your choice? 2. Distinguish between Market Segmentation and Product Differentiation? Describe the bases that you will use in segmenting the market for the following products: a) Hair dryer b) Low calorie sweetener 3. Write notes on:- a) Marketing Research as a toll of decision making b) Functions of Packaging c) Stages in new product
Premium Marketing
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
Premium Marketing
the influence of target market for the services which the subway offers to its market. Here many variables influence the market segmentation for “sub of the day”. Coming to the segmentation strategy it is essential to know what the customer is considering from the services provided by the subway. The segmentation strategies can be described more effectively in many different variables which results in the marketing segmentation‚ there are different forms of segmentations available like the democratic
Premium Psychographic Cluster analysis
Slide 2 Market Segmentation‚ Targeting‚ and Positioning © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Today’s Topics After reading this chapter‚ you should be able to: 1.Explain what market segmentation is and when to use it. 2.Identify the five steps involved in segmenting and targeting markets. 3.Recognize the different factors used to segment consumer and organizational (business) markets. 4.Know how to develop a market-product grid to identify a target market and recommend
Premium Marketing Product differentiation
Chapter II REVIEW OF RELATED LITERATURE AND STUDIES The Bilimbi tree is attractive‚ long-lived‚ it reaches 16 to 33 ft (5-10 meters) in height. The leaves‚ very similar to those of the Otaheite gooseberry and mainly clustered at the branch tips‚ are alternate‚ 12 to 4 inches (30-60 cm) long‚ with 11 to 37 alternate or sub opposite leaflets‚ ovate or oblong‚ with rounded base and pointed tip. Small‚ fragrant‚ 5-petalled flowers‚ yellowish-green or purplish marked with dark purple. The bilimbi
Premium Fruit Philippines
SM 420 Therapeutic Modalities Fall 2012 EXTRA CREDIT PROJECT This extra credit project is to replace your lowest exam score for the semester…. Not your final exam score. You are to compose a paper on a therapeutic modality. Ideally it should be one we have covered in class. Be sure to check with me about your specific topic ****If you wish to research an additional modality‚ please talk with me first. The paper is voluntary and there will be no points deducted from any exam. However is your
Premium Citation Style guide Acknowledgment