MARKET SEGMENTATION A market is made up of people with one or more characteristics that make them to demand homogeneous product or service based on qualities of those products such as price or function. People in the same segment have similar needs and quality and therefore possess similar products and are charged similar prices‚ but they are different from other segments. Segmentation variables can be * Gender * Price * Location * Religion * Income * Interests * Size
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faced by Samsung. 1.3 Objectives of an Organisation. 1.4 Limitations of an Organisation. 12 13 14 15 2 PROFILE 2.1 Company profile. 2.2 History of the product. 2.3 Organisational chart. 17 18 19 3 RESEARCH METHODOLOGY 3.1 Input and Output Market for samsung. 3.2 Demand for mobile phones in output market. 3.3 Shifting of demand curve for Samsung company. 3.4 Supply of mobile phones in output markets. 3.5 Shifting of supply curve of Samsung company.
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BUSN 402 Market segmentation is a marketing strategy that involves dividing a board target market into subsets of consumers who have common needs‚ And then be designed and implemented to target these specific customer segments‚ addressing needs or desires that are believed to be common in this segment‚ using media that is used by the market segment. While there many theoretically ideal market segments‚ in reality every organization like Orkut engaged in a market will develop
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ESSENTIALS OF MARKETING BUS 400 Prepared for Mr. Jimmy Kelana Lecturer of Essentials of Marketing Prepared by Devi (B30611231) 5th April 2004 Kensington Institute Indonesia Market Segmentation is the process of dividing a market into direct groups of buyers who might require separate products or marketing mixes. There are several major bases for segmenting the market; they are geographic‚ demographic‚ psychographic and behavioral variables. Geographic segmentation Geographic segmentation calls
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Principles Of Marketing What Is Marketing? “Marketing is the process of communicating the value of a product or service to customers‚ for selling that product or service.” The management process through which goods and services move from concept to the customer. It includes the coordination of four elements called the 4 P’s of marketing: (1) Identification‚ selection and development of a product‚ (2) Determination of its price‚ (3) Selection of a distribution channel to reach
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Read about Integrated Marketing Communication (IMC) marketing approach. Group 1: Company A is Sony Company B is LG Group 2: Company A is Canon Company B is Panasonic Group 3: Company A is HTC Company B is Samsung Instructions: 1) Locate the company A’s website. 2) Look for the key message/messages of the company A. 3) Locate a recent company A’s video commercial (on the television or from Youtube) or a print advertisement. What is the key message/messages
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market segmentation can be considered by using these few methods that elaborated below. 1. MARKET SEGMENTATION Market segmentation provides businesses with the possibility of customizing a unique set of elements known as the 4P’s (product‚ price‚ place‚ and promotion) for specific target markets. Therefore‚ it allows them to satisfy their customers’ needs in a more effective way‚ through a value proposition that is potentially superior to that of any other competitor. Market segmentation refers
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consumers were very technology-savvy and valued quality‚ customer service and favorable return policies over low prices. By 2000‚ Samsung had evolved into a credible player in the consumer electronics market and had attained market leadership in a wide range of consumer electronic products. Global market share for Samsung’s electronic products O P Large screen TV LCDs Microwave Ovens DRAM Computer chips Flash Memory Mobile Phones MP3 Players DVD Players Rank 1 1 1 1 2 3 3 3 Market
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6 Market Segmentation and Positioning Positioning is not what you do to a product; it is what you do to the mind of a prospect. Ries and Trout (1972) Learning outcomes After reading this chapter‚ you will be able to: ✔ Describe the principles of market segmentation and the STP process. ✔ Explain the characteristics and differences between market segmentation and product differentiation. ✔ Explain how market segmentation can be undertaken in both consumer and business-to-business
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Department of Logistics and Maritime Studies The Hong Kong Polytechnic University LGT3105 Operations Management 1st Semester 2013/2014 Subject Description This is a foundation subject on Operations Management (OM). It will provide students with an understanding of the strategies‚ processes‚ and analytics of OM for both manufacturing and service organizations. At the end of the course‚ students will have a fair understanding of how things should be done and the importance of these
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