CONVERSE TARGET MARKET WORKSHEET ANALYSIS GEOGRAPHIC As the earliest sneakers‚with over 100 years of history‚ Converse‚ a American shoe company‚ has been considered as one of the most popular shoe companies in the world. At present it has covered more than 125 countries，which have selling Distributor‚ Licensee‚ or Agent‚ over The Seven Continents. Set up in America and soon pop in Europe . Following the war and Market saturated in America and Europe‚ also the Asia Rising‚
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offer comprehensive marketing guidance to Domino Pizza in its effort to enter the Myanmar market. The report will start with introduction of the Myanmar’s country background which is one of the crucial factors for whether Domino’s Pizza should go into Myanmar market. Ten the report will continue on the precise description of the chosen target market‚ target market segment and positioning strategy. All these will be include in STP discussion. Besides that‚ the market entry and product strategy will be
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Introduction: Market Segmentation: Market segmentation is the process of dividing the market into parts that are different from one another. It is the identification of potential customers who would buy your products. Different customers have different needs and it is not possible to satisfy these needs by treating all customers in a similar way. Most organisations do not have all the resources to satisfy the needs of all the customers. Therefore‚ it is necessary to identify the similar groups of
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of Quote-Driven Market “An electronic stock exchange system in which prices are determined from quotations made by market makers or dealers.” Quote-Driven Market also known as a "Price-Driven Market". A Quote-Driven Market is described as when registered market dealers are required to display bid prices and offer prices‚ and in this cases the maximum bargain size to which these prices are related. The benefit of a Quote-Driven Market is its liquidity‚ market makers or market dealers are required
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Market segmentation is the process of grouping buyers into different categories on the basis of their common needs‚ desires and requirements. It is the strategy of subdividing the target market into sub-groups of consumers with definable‚ distinct and homogeneous characteristics so that a different marketing programme can be set up for each group. This will result in an enhancement in the satisfaction to the consumers and profit to the marketer. According to Professor Philip Kotler‚ “Market Segmentation
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decided to invest a great deal of money in the product he was managing. He knows that even with its recent high rate of growth and the fact that it dominates its market‚ he would need more money to establish it firmly. Using the BCG portfolio analysis‚ his product would be classified as a(n): A. star. B. cash cow. C. question mark. D. dog. E. Anchor 2. Adrienne decides to add new sales representatives and increase advertising in her existing market for her current line of security systems. Adrienne
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THE BROAD MARKETING STRATEGY Direct Line is a fantastic success story. They started from scratch in the UK in April 1985 with a single product car insurance‚ and just one way for our customers to buy over the telephone. Direct Line has diversified from its traditional auto insurance and caters for a much broader market by offers Home insurance . They were the very first UK insurance company to use the telephone as our main channel of communication‚ and had been introducing new benefits and
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Market segment is a subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs and this is also a the process of dividing a market into meaningful groups that are relatively similar and identifiable .The purpose of segmentation is to enable the marketer to tailor the marketing mixes to meet the needs of one or more specific segments. Market segmentation helps the firm to identify the customers’ needs more accurately and precisely‚ and it
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WHAT IS IT? Target marketing is simply the practice of identifying and selling to your ideal customers. Many small business owners believe their offerings appeal to “everyone”‚ but the reality is any product or service only has a concentrated appeal to certain types of people. Even mass market products‚ like mobile phones‚ are each designed to target a certain segment of the market‚ whether it is social networking teenagers or busy businesspeople. A business’s market segments can be differentiated
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Define Marketing Management People are exposed to marketing in almost everything and they can see the results of marketing in the advertisements on television‚ internet‚ and so on and in the abundance of many products. So marketing can be define as an area that has been evolved over time and its process is a set of activities that includes understand‚ deliver‚ create and communicate about a product or service to customers‚ clients. According to The Chartered Institute of Marketing marketing is “The
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