market segmentation for “sub of the day”. Coming to the segmentation strategy it is essential to know what the customer is considering from the services provided by the subway. The segmentation strategies can be described more effectively in many different variables which results in the marketing segmentation‚ there are different forms of segmentations available like the democratic‚ geographic‚ behavioral and psychographic segmentation. (Gillian Mc Ghee‚ 2008) The psychographic segmentation is something
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Market Segmentation ________________________________________ Targeting a segment of the market can be a powerful strategy. It’s the concentration of marketing effort to dominate a market niche. Market segmentation is the process of identifying and targeting groups of individuals who are similar to one another. Markets can be segmented in many different ways: by product or service needs‚ by sensitivity to price‚ by geographic area‚ by demographic segment‚ or by psychographics and lifestyles. Successful
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BENEFITS OF MARKET SEGMENTATION Gautam S Rashingkar Market Segmentation ● Dividing a market into smaller groups of consumers or organisations in which each consumer has a common characteristic such as a need or a want. ● It involves building up or breaking down of potential buyers into groups called market segments. ● By doing so the marketers will have a better understanding of their target audience and thereby make their marketing more effective BASIS OF MARKET SEGMENTATION 1. 2. 3. 4. 5
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Product Differentiation and Market Segmentation as Alternative Marketing Strategies Author(s): Wendell R. Smith Source: Journal of Marketing‚ Vol. 21‚ No. 1 (Jul.‚ 1956)‚ pp. 3-8 Published by: American Marketing Association Stable URL: http://www.jstor.org/stable/1247695 . Accessed: 24/04/2013 13:20 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service
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Market segmentation Introduction Market segmentation is a marketing strategy that is one of steps goes into defining the selection of consumers who have common need and will assist consumers with products that satisfy their individual sets of needs and buying practices. The purpose of market segmentation is to guide the consumer purchases‚ businesses are offering through marketing and sales program to maintain sales and growth of the business to survive from competitive market industry. In order
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Market Segmentation in Tourism Every tourist is different. Every tourist feels attracted by different tourist destinations‚ likes to engage in different activities while on vacation‚ makes use of different entertainment facilities and complains about different aspects of their vacation. While all tourists are different‚ some are more similar to each other than others: many people enjoy culture tourism‚ many tourists like to ski during their winter holiday and many tourists require entertainment
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Market segmentation- is the process in marketing of dividing a market into distinct subsets (segments) that behave in the same way or have similar needs. Because each segment is fairly homogeneous in their needs and attitudes‚ they are likely to respond similarly to a given marketing strategy. That is‚ they are likely to have similar feeling and ideas about a marketing mix comprised of a given product or service‚ sold at a given price‚ distributed in a certain way‚ and promoted in a certain way.
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Smart System or Structure What is a Smart Structure? A smart structure is a system containing multifunctional parts that can perform sensing‚ control‚ and actuation; it is a primitive analogue of a biological body. Smart materials are used to construct these smart structures which can perform both sensing and actuation functions. If truly smart‚ these intelligent systems can determine their present state‚ decide what is the optimum or more desirable state and carry out an appropriate
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Smart Products and Services A smart products is an electronic device‚ generally connected to other devices or networks via different protocols such as Bluetooth‚ NFC‚ WiFi‚ 3G‚ etc.‚ that can operate to some extent interactively and autonomously. It is widely believed that these types of devices will outnumber any other forms of smart computing and communication in a very short time‚ in part‚ acting as a useful enabler for the internet things. Uses of Smart Services Minimize maintenance and repair
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Bibliography: Silverman‚ D. (2006). Interpreting Qualitative Data. 3rd edition. Sage. McDonald‚ M. Dunbar‚ I. (2004). Market Segmentation: How to do it‚ How to profit from it. Elsevier Butterworth-Heinemann. Pumphrey‚ A. (2005). Business Superbrands. Superbrands Ltd. Tedlow‚ R.S. (1990). New and Improved. Heinemann Professional Publishing. Gilligan‚ C. Wilson‚ R.M.S. (2003). Strategic
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