Demographic segmentation divides the market into groups based on demographic variables including age‚gender‚ family size and life cycle. The following four variables are examples of demographic factors used in market segmentation: 1. Age : Consumer needs and wants change with age. The marketing mix may therefore need to be adapted depending on which age segment or segments are being targeted. Case Study : The lure of generation Y With a plethora of anti-ageing products flooding the market‚
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Vodafone segmentation A Global segmentation has been developed and applied across all markets in the last 5 years. It covers consumer and business user segments‚ and in addition they have a chooser segmentation. The key challenge when doing the global segmentation was using variables which they are confident are applicable across all markets. Hence segmentation is predominantly age/lifestage‚ with some variables linked to attitudes to technology. A couple of segments that have been quoted
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up with this new product they make a lot promotion which is very important for marketing activities of Nivea. Segmented and Target Market A market segment consists of a group of customers who share a similar set of wants. The marketer does not create the segments; the marketer’s task is to identify the segments and decide which one to target. Segment marketing offers several benefits over mass marketing. The company can create a more fine-tuned product or service offering and price
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first term of our accounting course in MBA is assigned to us to make us learn everything we can about one company using its annual report‚ the internet‚ the press‚ stock market and contract with company officials. Thus‚ this annual report project on Unilever Nepal Limited (UNL) is prepared as a part of learning practical applicability of accounting processes. Objectives of the report Every report has objectives. It is on the basis of these objectives that report is directed in a fixed path and contains
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goods (FMCG) company announced that Douglas Baillie (Baillie) would take over as the Chief Executive Officer (CEO) of HLL from March 01‚ 2006. |Having worked with HLL’s UK based parent company - Unilever - for over 25 years‚ Baillie was promoted from the post of Group Vice-president| |and Head of Unilever AMET (Africa‚ Middle East and Turkey). HLL has been experiencing many problems since the late 1990s. The company’s | |plans for 2006 include moves aimed at increasing its market share in the
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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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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
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2012 Unilever Fact Sheet Our vision Our €1bn + Brands Our Purpose Share listings as a % of identified capital Unilever’ TSR position to the peer group To make sustainable living commonplace. We work to create a better future every day‚ with brands and services that help people feel good‚ look good and get more out of life. Our first priority is to our consumers – then out customers‚ employees‚ suppliers & communities. When we fulfill our responsibilities to them‚ our
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1. The company introduction Industry Handicraft and souvenir industry is an emerging industry in many developing countries. There is a large number of customers who are interested in handmade or unique gifts in European. A rise in demand from the US and European markets has pushed India’s handicrafts exports up by around 22 per cent to USD 369 million in August‚ 2010 (www.goodreturns.in). Among European countries‚ Finland is considered as one of many potential markets for us to develop this kind
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FOCUSING MARKETING STRATEGY WITH SEGMENTATION AND POSITIONING Understanding Markets Strategy planning to narrow down the process - understand your customers Identify the market based on the marketing mix - 4 Ps Don’t just focus on the product‚ e.g.‚ Hallmark sells more than just greeting cards Generic markets: market with similar needs and sellers offering diverse to satisfy those needs Product market: market with very similar needs and sellers offering various close substitute ways of satisfying
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