6 Market Segmentation and Positioning Positioning is not what you do to a product; it is what you do to the mind of a prospect. Ries and Trout (1972) Learning outcomes After reading this chapter‚ you will be able to: ✔ Describe the principles of market segmentation and the STP process. ✔ Explain the characteristics and differences between market segmentation and product differentiation. ✔ Explain how market segmentation can be undertaken in both consumer and business-to-business
Premium Marketing
Marketing Prepared by Devi (B30611231) 5th April 2004 Kensington Institute Indonesia Market Segmentation is the process of dividing a market into direct groups of buyers who might require separate products or marketing mixes. There are several major bases for segmenting the market; they are geographic‚ demographic‚ psychographic and behavioral variables. Geographic segmentation Geographic segmentation calls for dividing the market into different geographical units such as nations‚ regions‚ states
Premium Marketing Psychographic
Online Schooling vs. Traditional Schooling Kayla Kilburn COM/155 10/8/2012 Charlotte Zavadil Online Schooling vs. Traditional Schooling A report done by SRI International for the Department of education came to the conclusion that on average students that take online classes perform better than students taking regular classes with face to face interaction. (United States Department Of Education‚ 2010). There are many similarities and differences to online schooling and
Free University Education Homework
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
Premium Marketing
The whole idea of market segmentation is to dividing the markets into distinct groups of buyers who have distinct needs‚ characteristic or behavior or who have might require separate products or marketing mix. In KFC‚ they have considered four variables for market: 1. Geographic segmentation 2. Demographic segmentation 3. Psychographic segmentation and 4. Behavioral segmentation. 1. Geographic Segmentation Dividing the market into different geographical units such as nations‚ states‚ regions
Premium Psychographic Middle class Working class
Traditional Teaching vs Online Teaching Nowadays‚ education becomes one of the important things in human life. Most of the individual in the earth is aware to obtain the education. Besides that‚ every country always concern on developing the quality of the education to improve the human resources. If the quality of human resources of a country is good‚ indeed‚ the quality of that country will be good too. As the matter of fact‚ we cannot deny that the improvement of technology really influence
Premium Education History of education Virtual learning environment
Segmentation and TESCO Case: Segmentation is essentially the identification of subsets of buyers within a market who share similar needs and who demonstrate similar buyer behavior Using segmentation analysis helped Tesco PLC‚ Britain’s largest retailer stores to decide on their future marketing strategy and to appraise their competitive strengths Tesco realized the requirements for effective segmentation and that it must be Measurable‚ accessible‚ Differentiable‚ Substantial and Actionable
Premium Psychographic Marketing Asda
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
Premium Marketing
Online Education vs. Traditional Education Nowadays‚ with the technology furtherance and the increased use of the internet‚ online education has gained significant acceptance and popularity all over the world. Not too long ago‚ online education offered no competition to traditional education .Today‚ with more choices being offered online‚ traditional education is now facing a number of challenges in every level. This has as a result‚ the competition between those two educational programs‚ having
Premium Education History of education
A Christmas Carol The Ghost of Christmas Past looks like a child with young smooth skin‚ but he has white hair like and old man. The ghost shows scrooge his past‚ Scrooge had forgotten all about the past until the ghost showed him. When scrooge was young he was Fezziwig’s apprentice‚ scrooge was at a Christmas party having lots of fun. Scrooge liked the past and sees how nice FizziWig was to his workers. Scrooge was always mean to Bob Chrachit and wishes he could say something nice to him. Scrooge
Premium Charles Dickens Ebenezer Scrooge Time