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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Market Segmentation The purpose for segmenting a market is to allow your marketing/sales program to focus on the subset of prospects that are "most likely" to purchase your offering. If done properly this will help to insure the highest return for your marketing/sales expenditures. Depending on whether you are selling your offering to individual consumers or a business‚ there are definite differences in what you will consider when defining market segments. Market segmentation is a marketing
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Buying behaviour sony playstation 3 9 AIDA 9 Attention 10 The decision making process 10 Environmental influences 11 The Abell-Model: Sony Playstation 3 12 Marketing segmentation 14 Demographical segmentation 14 Psychological segmentation 15 Recommendation 16 Appendix 17 Executive Summary “To become a leading global provider of networked consumer electronics‚ entertainment and services.” That’s the mission of Sony‚ producer of the Sony Playstation. Sony‚ information and
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Throughout history‚ geographic features have had an impact on historical and cultural growth of civilizations‚ empires‚ and regions of the world. This statement is proven with many civilizations‚ including the Greeks‚ Phoenicians and Assyrians‚ which were all very prosperous and successful. Many of the accomplishments of the empires above had a lot to do with their location and surroundings of their region. Due to the mountains in Greece‚ a unified empire could not be formed‚ therefore many city-states
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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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Segmentation is important in consumer analysis because understanding the consumer will allow us segment the market more meaningfully. To get a product or service to the right person or company‚ a marketer would firstly segment the market‚ then target a single segment or series of segments‚ and finally position within the segment(s). Market segmentation is the basis for customer orientation and differentiation Segmentation is essentially the identification of subsets of buyers within a market who
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Consumer Behavior: Market Segmentation Contents Introduction 1 Concepts of Market segmentation 1 Case of a jewelry company 3 Conclusion 7 Reference 8 Introduction Market segmentation‚ as a crucial step of marketing‚ is not what you do to a product‚ but something you know about your customers. A good knowledge of your customers can enable you to yield twice the result with half the effort. Every consumer is different. Some prefer stylish products‚ while some want cheap and durable
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Environment………………………………………………. PAGE 05 Economic Environment…………………………………………….. PAGE 06 Social/Cultural Environment………………………………………. PAGE 07 Technological Environment………………………………………... PAGE 08 1. Product and Services Overview……………………………………. PAGE 09 2. Market Segmentation………………………………………………. PAGE 10 Tactical Marketing Plan…………………………………………………PAGE 11 1) Product and Services……………………………………………............. PAGE 11 Product Quality………………………………………………… PAGE 11 Product Features……………………………………………….. PAGE 11
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Themes in U.S. & World History; Geographic and Environmental Factors An example of physical geographic factors that contributed to the development and expansion of the United States are the Appalachian Mountains and the discovery of the Cumberland Gap. The second geographical factor that significantly contributed to the development and expansion of the United States is the major rivers of the Midwest regions such as‚ “The Mississippi‚ Ohio‚ Missouri‚ Illinois‚ and other rivers knit together
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Segmentation and Target Market MKT571 October 28‚ 2013 Segmentation and Target Market Trader Joe’s is an organic grocery food store that is one of the best known organic food chains. By listening to the consumer and adjusting to the changing consumer market‚ Trader Joe’s had built a brand equity that is continuously growing. Trader Joe’s faces stiff competition from other large organic food chains therefore must stand out and adapt to the consumers’
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