STARGET AUDIENCE The target audience consists of Male and Females ages 18 through to 27 of mixed nationalities. They are keen travellers and enjoy a very active and fun filled lifestyle. They adopt a tight budget to work with due to their income‚ which would be placed into the low - mid ($15‚000 to $38‚000). Demographics: • Age: 18 – 27 • Annual income: Low to mid ($15‚000 – $38‚000) • Sex: Male & Female • Occupation: Student‚ part-time / Casual worker • Free spirited‚ party
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Canada could segment its market place. Scouts Canada is a Canadian organization; therefore the organizations segmentation strategy is primarily geographic. The company focuses on the Canadian market‚ including all provinces and territories of the country. Based on what the organization wants to accomplish Scouts Canada should dedicate their marketing strategies to study and segment the market based on demographics (age‚ family size‚ life cycle) and psychographics. Demographic Segmentation
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report‚ we analyze the data presented in the “Green Ox” case‚ with a view to determining a marketing strategy for Palmer Jackson‚ Inc. The time is fall of 2003; the data presented is with reference to this‚ if not explicitly stated otherwise. All market research data has been provided by Marketing Studies‚ Inc. Other mentioned data has been taken from the case. Data from any other sources is explicitly identified. Attribute/Benefit Analysis As per consumer research‚ the following is the list
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instruments for consumer‚ industrial and professional markets (sony.co.uk). Sony UK has many manufacturing subsidiaries around Europe and the globe. Sony Europe operates three main European factories for production. These are situated in Barcelona Spain‚ Nitra Slovakia and Budapest Hungary. Additional to this‚ the Sony Corporation owns numerous factories around the world producing consumer electronics products for the global market. Sony UK are the market leaders in consumer electronics and currently
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Segmentation Oil station market consists of buyers who differ in one or more ways‚ so Shell need first segment its potential consumer market. There are several major variables that can be used in segmenting consumer markets‚ including geographic‚ demographic‚ psychographic‚ and behavioral variables. In this case‚ SOPC used the latter two variables to segment its market. It chose “personality” and “benefit” as its segmentation criteria‚ of which the former belongs to psychographic segmentation and the
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automotive) e. Describe a PEST analysis f. Assess the 4 areas in a PEST analysis for a given industry (e.g.‚ automotive) 3. Market Analysis a. Definition – what is it and what does it include? b. Define Target market c. For a well-known company‚ describe their target market d. For your proposed company‚ describe your target market i. Include demographic‚ psychographic and geographic components 4. Competitive Analysis a. Definition – what is it‚ what is the goal and what does it include? b
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Geographic’s‚ psychographics and why companies use these methods to segment the market effectively • Explain different methods used to segment markets e.g. ACORN‚ Mosaic • Explain the different target markets of McDonalds – identify 4 product ranges and describe in detail the target market for each product • Describe the different needs of each target segment • Use examples specific to McDonalds Segmentation Market segmentation is where marketers split the market into groups with
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January 27‚ 2015 Doritos The target consumers for Doritos are males and females between the ages of 16-24 years old. Consumers this age are able to afford Doritos themselves and fall in the Millennials generation segment. Millennials spend money on wants rather than needs for the majority of the time. Dorito’s consumers have active and busy lifestyles. Dorito’s isn’t targeted towards a specific gender and appeals to both males and females. As I said the main target age group would be between 16-24
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Woodstock Furnishers Simply Phenominal Product Brand Name/Mark Woodstock Furnishers Our VISION SIMPLY Phenominal Target Market The need of buying furniture is realized by the spouse of the head of the family‚ and in most cases‚ she is the one to decide what‚ when and where to purchase. Hence the spouse of the head of the family is usually the Initiator and Decider‚ apart from being the buyer and user. Since we are dealing in Islamabad
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A target audience can be formed of people of a certain age group‚ gender‚ marital status‚ etc.‚ e.g. teenagers‚ females‚ single people‚ etc. A combination of factors‚ e.g. men aged 20–30 is a common target audience. Other groups‚ although not the main focus‚ may also be interested. Discovering the appropriate target market(s)and determining the target audience is one of the most important activities in marketing management (Niewenhuizen et al. 2000). The biggest mistake it’s possible to make in targeting
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