Cost of custom research service depends on project scope 4Ps PRODUCT PRICE PLACE PROMOTION: 4Ps PRODUCT PRICE PLACE PROMOTION Product Strategy:: Colgate reorganised its portfolio Introduced a wide range of products but with very clear positioning . In oral care‚ Colgate identified four categories – premium‚ freshness‚ popular and economy . Focused on only those products within this category which could give results. Introduced new products in
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Marketing Segmentation Theory based on selling Oxygen bars 1) Demographic Consumer age‚ gender‚ income‚ occupation are considered to be the main factors for demographic segmentation. Other factors like race‚ religion‚ nationality is not emphasized here because product usage will be less affected by those factors. Currently‚ similar-functioned products available in the market have a wide consumer age base‚ ranging from 20+ to 50+. I believe that this age difference does reflect the difference in
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MARKET SEGMENTATION‚ TARGETING AND POSITIONING MARKET SEGMENTATION INTRODUCTION: - The market for any product is normally made up of several segments. A ‘market’ after all is the aggregate of consumers of a given product. And‚ consumer (the end user)‚ who makes a market‚ are of varying characteristics user and buying behavior. There are different factors contributing for varying mind set of consumers. It is thus natural that many differing segments occur within a market. In order to capture this
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Positioning and repositioning Before positioning companies has to do segmentation and targeting. Segmentation is dividing the market into segments upon some set of criteria and evaluating the profitability of each segment Targeting is selecting one or more segments and going after them Positioning is how do you want your brand to be considered by consumers when compared to other competing brands. Positioning is based on product features such as color‚ price‚ fluffiness‚ quality of service
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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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Explain how and why groups of customers are targeted for selected products What is segmentation? Market segmentation is the division of a market into sub groups with similar characteristics. A business can then target these groups and develop products and services for each of them. There are several ways in which consumers can be split up into. These is geographically which includes location‚ demographically which includes gender‚ social class‚ age‚ income‚ ethnicity or religion‚ psycho graphically
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SWOT analysis and 4p’s structure of Finish Dishwasher Tablet 25packs Introduction The product that will be dealing with in this report is named of Finish dishwasher tablet 25 packs. The company name that sells this product is ‘Finish the diamond standard’. They give people the phrases‚ which inspire them to buy these products such as it cleans to a shine‚ this will banish the dirt or when you use the other products they offer it will result much greater value than using just tablet. As they
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Slide 1 9 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
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Segmentation Why segmentation? External factors - globalization - clutter - knowledgable customers - competition - technology Internal factors - allocation of resources - effective marketing programmes - opportunies For NPD or/and market development Breaking down the market Potential market (everyone out there) Available market ( those who could buy the product) Target market (those we address) Penetrated market (those who actually buy the products) From
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Investigatory Project Putting toothpaste in a test Submitted by: Magtoto‚ Zyrene F. Carolina‚ Ma. Alysa D. Jacob‚ Katherine Janice R. Submitted to: Mrs. Barbara Nalus 2013 Introduction Problem This study will answer the question: Which of the two toothpastes‚ Colgate or Sensodyne can remove different liquids stains better? Hypotheses Null Hypothesis : There is no difference between the effect of the two toothpastes in terms of removing different
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