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‚
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The flag of the United States Virgin Islands is one of the most attractive flags of this world . The flag is very similar to the United States presidential flag. The flag consists of a white background on which a strong bald golden eagle sits in the center holding a green branch on the right talon and three light blue arrows in its left talon. These three light blue arrows represent the three islands St. Thomas‚ St. Croix and St. John. The mighty shield on its chest bears a blue chief on the top
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up with this new product they make a lot promotion which is very important for marketing activities of Nivea. Segmented and Target Market A market segment consists of a group of customers who share a similar set of wants. The marketer does not create the segments; the marketer’s task is to identify the segments and decide which one to target. Segment marketing offers several benefits over mass marketing. The company can create a more fine-tuned product or service offering and price
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The Virgin Mary The Virgin Mary is the mother of Jesus Christ‚ who over a billion people as God’s son‚ explaining why she is considered one of the most important people ever. It is not clear when she was born‚ but going by the Bible we can guess about 30 20 BC. She probably died around 40 AD‚ maybe later though. There is not a great deal of writings on her in the bible‚ making it hard to verify when she was alive. She was an important figure as she was "the Mother of God" as the Bible
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Changes in the Virgin Group These assignments discuss the organisational changes that the Virgin Group has been during the last few years‚ and how they are adapting to the changes in the operating environment. This will be in the context of the employees’ perception of the changes‚ and how the Virgin Group can lower their resistance to change. This is a natural feeling from employees‚ when faced with uncertainty‚ and this needs to be managed. The assignment focuses on the Virgin Group airline operation
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The Gap in Market Segmentation What is the point of market segmentation? Really‚ what is the point? As my Uncle Jim used to say‚ "If you throw enough dirt on the wall some of it is going to stick‚ ain’t it?" So why don’t companies just throw a bunch of good products at the people and just see who buys what‚ if anything at all? That might have worked along time ago‚ but now‚ the answer in short‚ is competition. Today‚ there are to types of companies‚ those that are profitable and those
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“Sworn Virgins” in the Balkans This essay is about one of the third gender roles. “Sworn Virgins” While researching I came across very interesting sites that talked about these woman that became men in their society. These Albanian women were from the northern and southern parts of Balkans. This essay will talk about their lives living as a man‚ the process of it and the reasoning for their choice. Here are the sites I gathered my facts from: www.slate.com/blogs/behold/2012/12/21/jill_peter
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Which future for Virgin? Diversification is often seen as the last evolution for a company. However‚ there are ways and options to adapt your strategy after you diversify in order to make it more efficient to this new change. Virgin is‚ as we’ve seen in the previous parts‚ a well-diversified company. There are usually 4 paths a diversified company could use after it diversified‚ and we can use them to analyse the potential future of Virgin. 1 Broaden the diversification base Virgin’s
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The whole idea of market segmentation is to dividing the markets into distinct groups of buyers who have distinct needs‚ characteristic or behavior or who have might require separate products or marketing mix. In KFC‚ they have considered four variables for market: 1. Geographic segmentation 2. Demographic segmentation 3. Psychographic segmentation and 4. Behavioral segmentation. 1. Geographic Segmentation Dividing the market into different geographical units such as nations‚ states‚ regions
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recent studies have added levels to the needs hierarchy and refined the categories‚ but marketing classes throughout the country continue to use Maslow’s needs hierarchy as a reasonable focus for modern marketing efforts. Potential Marketing Implications of Maslow’s Theory Maslow posited that human behavior and decision-making are motivated by one of the five need levels in his hierarchy. Applied to marketing theory‚ your ability to effectively appeal to one of these motivational drivers is a key
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