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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customer database? Definition of marketing? Matching organisational resources with environment opportunities The tactical role of marketing research is to make more informed marketing decisions provide relevant information to business managers determine information needs Marketing management information systems gather internal and external information on a continuous basis The marketing research process involves 6 stages
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TARGET MARKETING - MEANING‚ BASIS AND ITS NEED It is not possible for a marketer to have similar strategies for product promotion amongst all individuals. Kids do not get attracted towards products meant for adults and vice a versa. Every segment has a different need‚ interest and perception. No two segments can have the same ideologies or require a similar product.Target Marketing refers to a concept in marketing which helps the marketers to divide the market into small units comprising of likeminded
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Segmenting‚ Targeting and Positioning: Segmenting Reebok has been a market leader for many years in the sports shoes . It has been able to achieve it through its efficient and effective marketing strategies. Reebok used innovative strategies as per the consumer needs . Reebok segmented the market on the following parameters: Geography: Reebok chose to operate on Pan country basis. where it segmented locations as per the consumers needs. The attribute requirement of the product in one region
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in this area Advantages/strengths of this type of analysis in developing a marketing strategy Drawbacks/weaknesses of this type of analysis in developing a marketing strategy Product positioning Customers views on the product and brand name‚ Product attributes‚ Brand image‚ Competitors‚ Consumers and potential consumers‚ Buyers‚ Business to business customers‚ quality‚ pricing‚ distribution‚ communication tactics‚ target market‚ opportunities‚ distribution Assists the organization in deciphering
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supplier to customer. Supply Chain includes: -Various stages/parties (suppliers‚ manufacturers‚ transporters‚ warehouses‚ retailers‚ customers) - all functions involved in fulfilling a customer request within each company (product development‚ marketing‚ operations‚ distribution‚ finance‚ customer service) Primary Flows in a Supply Chain: Supply Chain Management: -Management of flows between and among supply chain stages to maximize total supply chain profitability. -Ensures that the final
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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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Marketing Plan Week 6 Assignment: Part B Lora Cleveland Strayer University Dr. Phillip Scherrer MKT500: Marketing Management May 17‚ 2015 Develop a branding strategy for your product that covers the brand name‚ logo‚ slogan‚ and at least one (1) brand extension. Sammy & Lobo’s Organic pet food strategy is simply to provide 100 % all natural and healthy ingredients for your dogs. Our foods will eliminate the concerns of pet owners of giving their pets artificial ingredients
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Favorite Brand MKT/421 Favorite Brand The brand that I am most passionate about is Lay’s potato chips by Frito – Lay‚ Inc. I do not know if it is because I grew up eating them or just because they are so delicious. When I buy groceries I try the other brands‚ but I always keep going back to Lay’s. I usually end up throwing the other brands away without even finishing them. The three reasons that I am so passionate about Lay’s are: one – they are so tasty and delicious‚ two – they have
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