Marketing Segmentation Targeting‚ and Positioning Segmentation‚ targeting‚ and positioning together comprise a three stage process. (1) Determine which kinds of customers exist. (2) Select which ones we are best off trying to serve and‚ finally. (3) Implement our segmentation by optimizing our products/services for that segment and communicating that we have made the choice to distinguish ourselves that way. Segmentation involves finding out what kinds of consumers with different needs exist
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market segmentation Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs (and/or common desires) as well as common applications for the relevant goods and services. Depending on the specific characteristics of the product‚ these subsets may be divided by criteria such as age and gender‚ or other distinctions‚ such as location or income. Marketing campaigns can then be designed and implemented to target these specific
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SegmentationElaboration Geographic Segmentation Geographic segmentation involves a business dividing its market on the basis of geography. Market can be divided by geographical areas‚ such as by city‚ county‚ state‚ region (such as West Coast)‚ country‚ or international region (such as Asia). It can also be divided into rural‚ suburban‚ and urban market segments. Besides that‚ climate or total population in each area can also be the segmentation. According to The Body Shop‚ they set up the stores
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S NO. | NAME OF PRODUCT | MARKET SEGMENTATION | 1. | Gillette Mach 3(New Gillette MACH3 Sensitive is an advanced razor designed for men who want a closer‚ comfortable shave with less irritation3 – even on the most sensitive areas of the face.) | a) Demographic: 1) Gender: Male 2) Age: 16 and above 3) Income: 25‚000 and aboveb) Geographic: Urban areasc) Social Class: Middle class to Elite Class | 2. | Fair and Lovely(Fairness that changes your destiny.) | a) Demographic: 1) Gender: Female
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GUCCI Dr. Nan McIssac MKT/571 The retailer of my choice will be Gucci. I am in love with everything about Gucci and what it represents. Gucci was founded by Guccio Gucci in Florence‚ Italy in 1921. Gucci is an Italian fashion label which produces clothing‚ watches‚ jewelry‚ shoes and leather goods. In 2010 Gucci launched it’s very first children’s clothing line. It is the biggest selling Italian brand and it is exquisite. It should not be surprising as to
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Geographic Segmentation Geographic segmentation calls for dividing the market into different geographical units such as nations‚ regions‚ states‚ counties‚ cities‚ or even neighborhoods. A company may decide to operate in one or a few geographical areas‚ or to operate in all areas but pay attention to geo-graphical differences in needs and wants. ACI Logistic Ltd (shwapno) today is localizing their products‚ advertising‚ promotion‚ and sales efforts to fit the needs of individual regions
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The Greatest Marketing Secret of All If there is something about which I am pretty adamant‚ it’s the concept of attracting clients that are pre-qualified and willing to do business. And this involves many different things. In fact‚ most of it comes down to three core practices: 1) Focus‚ 2) targeting‚ and 3) multiplication (such as focusing on a niche‚ market targeting‚ and multiplying one’s marketing efforts). However‚ this fundamental magnetism is not only based on pure marketing practices or
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“ Basic marketing strategies consisting of market penetration‚ market development‚ product development‚ or diversification. Market development is a strategy involving the search for and exploitation of new markets for a product. Diversification is the process in which a company begins to engage in a new and different type of business. Market penetration is the percentage of a total market which the sales of a company cover. Product development is the process of improving an existing product line
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CLWR 7th Anrmal Inter!lational Confert!l1~e on P?st-compulsory Edllc(ltion lind Training‚ 1999 THE RELATIONSHIP BETWEEN WORKPLACE LEARNING AND JOB SATISFACTION IN SMALL TO MID .. SIZED BUSINESSES IN MALAYSIA Robert W. Rowden & Mercer University-Atlanta Atlanta‚ Georgia USA Shams uddin Ahmad Universiti Putra Malaysia Serdang‚ Malaysia Studies of workplace learning tend tofocus on largefirms even though small businesses constitute 98 percent of u.s. firms. Recent studies have found evidence
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Gucci was founded by Guccio Gucci in the early 1920s. As an immigrant in Paris and then London‚ Guccio made a living working in luxurious hotels and was impressed with the affluent luggage he saw the guests carrying. Inspired particularly by the elevated lifestyle he witnessed in the Savoy Hotel in London‚ on his return to Italy he decided to merge this refined style of living with the exclusive skills of his native craftsmen. Specifically he utilised the skills of local Tuscan artisans. He began
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