SEGMENTATION (Harish pg3) The process of defining and subdividing a large homogenous market in to clearly identifiable segments having similar needs‚ wants or demand characteristics .Its objective is to design a marketing mix that precisely matches the expectation of customers in the targeted markets. Bases for segmentation Geographic segmentation -: Geographic segmentation calls for division of market in to different geographical units such as nations‚ states‚ regions
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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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Printed in Great Britain 0160-7383/$30.00 doi:10.1016/j.annals.2004.05.001 MARKET SEGMENTATION A Neural Network Application Jonathan Z. Bloom University of Stellenbosch‚ South Africa Abstract: The objective of the research is to consider a self-organizing neural network for segmenting the international tourist market to Cape Town‚ South Africa. A backpropagation neural network is used to complement the segmentation by generating additional knowledge based on input–output relationship and sensitivity
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TATA MOTORS Tata Motors Limited is an Indian multinational automotive corporation headquartered in Mumbai ‚ India. It is the eighteenth largest motor vehicle manufacturing company in the world by volume. Part of the Tata Group ‚ it was formerly known as TELCO (TATA Engineering and Locomotive Company). Its products include passenger cars‚ trucks‚ vans and coaches. Tata Motors is South Asia’s largest automobile company; it is the leader in commercial vehicles and among the top three in passenger
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The Sir Ratan Tata Trust is today the second largest of the Tata trusts. Ratan N Tata has been the Chairman of Tata Sons‚ the promoter company of the Tata group‚ since 1991. He is also the Chairman of the major Tata companies‚ including Tata Motors‚ Tata Steel‚ Tata Consultancy Services‚ Tata Power‚ Tata Global Beverages‚ Tata Chemicals‚ Indian Hotels and Tata Teleservices. During his tenure‚ the group’s revenues have grown nearly 12-fold‚ totaling $67.4 billion in 2009-10. Mr. Tata serves on the
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The case focuses on positioning a new brand‚ the Tata Nano. The car has been widely publicized as the world’s cheapest car at Rs.1 lakh. Students must consider the gap between the ultimate target‚ the huge emerging middle class of Indian consumers‚ and the limited capacity and distribution available in choosing a target. They also must select between alternative competitive frames and the various points of difference they highlight. The case unfolds in two stages. The first decision point is in 2009
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RATAN NAVAL TATA INTRODUCTION: Ratan Naval Tata‚ present chairman of Tata group was born on December 28‚ 1937‚ in Mumbai. He was born into the wealthy and famous Tata family. Ratan is the great grandson of Jamsedji Tata founder of Tata group. Rattan’s childhood was troubled‚ his parents separated in the mid-1940s. Ratan and his brother were raised by their grandmother. Ratan Tata owns 1% shares in Tata sons‚ the holding company of Tata group valuing his total personal wealth at approximately US
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TATA MOTORS CASE Tata Motors in Singhur case talks about the controversy related to Land acquisition by Chief Minister Buddhadeb Bhattacharya for proposed Nano factory in West Bengal. The reason for choosing West Bengal as the location was that it was believed as the most investor friendly state with faith in investment climate and government of Bengal. However‚ soon after the announcement of the Nano Project‚ the protest led by opposition leader Mamta Banerjee began as it was viewed as forcible
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1. Cultural and political issues can affect Tata Motor’s Nano car. Cultural issues such as differences in languages‚ customs‚ and social issue can contribute either positively or negatively towards the Nano car. Tata Motor’s has to learn all of the legal ramifications in each country they plan to sell their car. For instance‚ just because the Nano meets the safety requirements in India does not mean it will pass the safety requirements of another because that culture may have stricter standards
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Contents Tata motors 3 1 3 . Microeconomic Environment 3 1.1 Introduction 3 1.2 Market Structure: 4 1.3 Role of Government: 4 1.4 Fixed Cost and Variable Cost 5 1.5 Substitutes and Elasticity of Demand 6 1.6 Economies of Scale 7 2. MACROECONOMIC environment 8 2.1 INDIA 8 2.2 Microeconomic Environment 8 2.3 Economic growth 9 2.3 Employability 10 2.5 Market value in the economy 11 2.6 Revenue and profits 11 2.7 Political environment 11 2.8 Inflation 12 CONCLUSION 12 References 12 Tata motors 1. Microeconomic
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