MARKET SEGMENTATION Bases for Segmentation in Consumer Markets Consumer markets can be segmented on the following customer characteristics. * Geographic * Demographic * Psychographic * Behavioralistic 1. Geographic Segmentation The following are some examples of geographic variables often used in segmentation. Region: by continent‚ country‚ state‚ or even neighborhood Size of metropolitan area: segmented according to size of population Population density: often classified as urban‚
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based on the non-demographic segmentation‚ by which he meant the classification of consumers according to criteria other than age‚ residence‚ income‚ and such. In order to serve as a basis for marketing strategy the predictive power of marketing studies based on demographics was no longer strong enough . There are other factors for example buying patterns had become far better guides to consumers’ future purchases. Effectively incorporated non-demographic segmentations could serve companies determine
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Graduate School of Management *Marketing Ma*nagement Question: Kotler (1988) has stated that: “The heart of modern strategic marketing can be described as STP – segmenting‚ targeting and positioning.’’ Discuss this statement using appropriate examples. Introduction Market segmentation By definition market segmentation is the division of a market into different groups of customers with similar needs. Or to express it in another way‚ market segmentation is the division of a mass market
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Segmentation strategies An effective market segmentation takes into account many different subsets in a market‚ in this case students. They are the customers that we are looking to attract and create a future for. Nipissing takes into account many different segments of the market that they can look towards when trying to focus on their marketing strategies. These strategies include things such as geography demographic‚ social‚ thoughts and feelings‚ behaviour and combined approaches i.e. psychographics
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comes out to be that in Pakistan particularly in Karachi people or students purchase their product or brand according to their own choice or of their past experience rather than the marketing efforts made by the firms to remove brand stickiness from the mind of the consumer with the help of a TV advertisement.The Tv advertisement only tries to brainwash the mind of the consumer so that he or she can switch to a new
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English 101 10 February 2013 What Happened to the Beaver? Wally and the Beaver have moved out of the neighborhood and the Kardashians have moved in. The fact that you know who the Kardashians are is a testimonial to the success of mass media marketing. What was once a platform to display the best qualities found in America has steadily become a means to display the worst. A modern day circus sideshow is just one click of your remote control away. What’s even more concerning is that our children
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Four bases of segmentation Geographic Collecting and analysing information according to the location of the customer or other data source. Geographic segmentation is often used in marketing‚ since companies selling products and services would like to know where their products are being sold in order to increase advertising and sales efforts there. A local shop such as a local takeaway use geographic segmentation by targeting customers within a 10 mile radius‚ they can do this by posting leaflets
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products under the TVS brand‚ for customers predominantly inAsian markets and to provide fulfilment and prosperity for employees‚ dealers and suppliers. Vision Statement TVS Motor - Driven by the customer TVS Motor will be responsive to customer requirements consonant with its core competence and profitability. TVS Motorwill provide total customer satisfaction by giving the customer the right product‚ at the right price‚ at the right time. TVS Motor - The Industry Leader TVS Motor will be one
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so others think they are wrong. One type of manipulation is TV manipulation. Television has now become an indispensable part of most household. Statistic s shows that people spend 50 hours a week in front of a television. Is television just a harmless entertainer as it is typically projected out to be‚ or is it being used as a powerful mind control weapon by maliciously motivated people? Is it being used purely for commercial/marketing purposes (as we all think) or are there deeper hidden agendas
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TV effects: 1. Two- thirds of the infants and toddlers watch a screen an average of 2 or more hours a day. 2. Kids and teens 8 to 18 years spend nearly 4 or more hours a day in front of television‚and additional of two hours in computer( outside school work) and playing violent video games. 3. The first 2 years of life are considered a critical time for brain development. TV and other electronic media can get in the way of exploring‚ playing‚ and interacting with parents and others‚ which encourages
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