Assignment Three Help.

Slides:



Advertisements
Similar presentations
Fashion Marketing Basics
Advertisements

Review MKT 101 HAUT Spring 2015.
Part Three Target Market Selection and Research Target Markets: Segmentation and Evaluation 7 7.
SEM A - Market Planning PE – Select target market appropriate for product/business to obtain the best return on marketing investment PI – Describe.
Learning Goals Learn the three steps of target marketing, market segmentation, target marketing, and market positioning Understand the major bases for.
SEM Select a target market appropriate for venture/product to obtain the best return on marketing investment.
Copyright  2003 McGraw-Hill Australia Pty Ltd PPTs t/a Essential Marketing Skills by Rix Slides prepared by Joe Rosagrata Understanding Consumer and Business.
How to Identify a Target Market and Prepare a Customer Profile
Avi Chemay presents  The aim of market segmentation is to increase sales, market share and profits  This is done by better understanding and responding.
Objectives Be able to define the three steps of target marketing: market segmentation, target marketing, and market positioning. Understand the major.
Learning Goals Learn the three steps of target marketing, market segmentation, target marketing, and market positioning Understand the major bases for.
SEM PI – Describe target marketing in sport/event marketing.
MARKET SEGMENT Learning objectives: To understand the importance of segmenting a market. To identify the ways a market can be segmented.
Market Segmentation. Market: all the people in a business’s area that are able to purchase a good or service Target Market: specific group of people that.
Segmentation, Targeting and Positioning. Divide a market into separate groups.
MarketingGoldenChapter 10 MARKET Consumer –vs- Organizational 4 Requirements –Need or desire for a specific product –Ability to purchase –Willing to use.
Market Segmentation Jeremy Kees, Ph.D.. Selecting and Serving Consumers Market Segmentation: the process of dividing a market into distinct subsets (segments)
CONSUMER PROFILES. STP Process (Market Segmentation, Target Market & Positioning Strategy) 1. Segment the Consumer Market 2. Select a Target Market 3.
MARKET SEGMENT Learning objectives: To understand the importance of segmenting a market. To identify the ways a market can be segmented.
Marketing Mix Four P’s Product Placement (Distribution) Price Promotion.
Customer-Driven Marketing Strategy: Creating Value for Target Customers 7 Principles of Marketing.
Segmentation, Targeting and Positioning Lecture no 6.
Market Analysis 1 To ensure success, the entrepreneur needs to understand the industry and the market. He or she should define areas of analysis and conduct.
Segmentation Definitions A market segment can be defined as: A customer group within the market that has special characteristics which are significant.
MARKET SEGMENTATION The process of analizing and classifying customers in a given target market and putting them into smaller, more precise target market.
Ass. Prof. Dr. Özgür KÖKALAN İstanbul Sabahattin Zaim University.
Marketing II Chapter 6: Customer-Driven Marketing Strategy: Creating Value for Target Customers.
1 Session 6 Market Segmentation, Targeting, and Positioning.
CONSUMER PROFILES.
MARKETING MANAGEMENT Segmentation, Targeting, and Positioning.
MARKET SEGMENTATION.
Entrepreneurship Unit 2.1
UNIT C The Business of Fashion
Chapter 5 Understanding the consumer market
CHAPTER - 7 Market Segmentation, Targeting and Positioning
UNIT C The Business of Fashion
Target Marketing Students you will need a piece of line paper and a pen or pencil. All students are required to take notes. Every seven slides students.
Market Segmentation and Targeting
MGT301 Principles of Marketing
Unit 2 Understanding the Consumer
Segmentation, Targeting, and Positioning Building the Right Relationships with the Right Customers Chapter 7.
Entrepreneurship Unit 2.1
Segmentation, Targeting, and Positioning
Week I Lecture 4 Customer Focus
Entrepreneurship Unit 2.1
Chapter Seven Customer-Driven Marketing Strategy:
PI – Describe the nature of target marketing in sport/event marketing
Understanding Customers
CONSUMER PROFILING, INVOLVEMENT AND DECISION MAKING
Market Segementation Market Segmentation.
Market Segmentation/ Consumer Profiles.
MARKETING DEFINING THE MARKET MARKET SEGMENTS MARKETING MIX
Segmentation, Targeting and Positioning Strategies
Market Segementation Market Segmentation.
Steps in Designing Communication Campaign
Step 3: Build an End User Profile
Week I Lecture 4 Customer Focus
SEGMENTATION, TARGETING AND POSITIONING
Gathering Information and Scanning the Environment
Reading References: Shimp Chapter 4 Pp
SEM A - Market Planning PE – Select target market appropriate for product/business to obtain the best return on marketing investment PI – Describe.
Week One - Review.
All Marketing decisions are designed on the basis of
All Marketing decisions are designed on the basis of
Chapter 4 Marketing Basics.
Principles of Marketing
All Marketing decisions are designed on the basis of
Target Marketing.
SEGMENTATION, TARGETING AND POSITIONING
Chapter 7 Identifying Market Segments and Selecting Target Markets by
Presentation transcript:

Assignment Three Help

Geographic Geographic segmentation tries to divide markets into different geographical units: these units include: Regions: e.g. in the UK these might be England, Scotland, Wales Northern Ireland or (at a more detailed level) counties or major metropolitan areas Countries: perhaps categorised by size, development or membership of geographic region City / Town size: e.g. population within ranges or above a certain level Population density: e.g. urban, suburban, rural, semi-rural Climate: e.g. Northern, Southern

Demographic Consists of dividing the market into groups based on variables such as age, gender family size, income, occupation, education, religion, race and nationality.

Psychographic Psychographic segmentation is sometimes also referred to as behavioural segmentation. This type of segmentation divides the market into groups according to customers’ lifestyles.   It considers a number of potential influences on buying behaviour, including the attitudes, expectations and activities of consumers.  If these are known, then products and marketing campaigns can be customised so that they appeal more specifically to customer motivations. The main types of psychographic segmentation are: Lifestyle – different people have different lifestyle patterns and our behaviour may change as we pass through different stages of life.  For example, a family with young children is likely to have a different lifestyle to a much older couple whose children have left home, and there are, therefore, likely to be significant differences in consumption patterns between the two groups.  One of the most well-known lifestyle models, the “sagacity lifestyle model”, identifies four main stages in a typical lifestyle: Dependent (e.g., children still living at home with parents); Pre-family (with their own households but no children); Family (parents with at least one dependent child); and Late (parents with children who have left home, or older childless couples). Each group is then further subdivided according to income and occupation. 

Consumer A consumer is a person or group of people, such as a household, who are the final users of products or services. The consumer's use is final in the sense that the product is usually not improved by the us

Buyer A buyer is any person who contracts to acquire an asset in return for some form of consideration. When someone gets characterized by their role as buyer of certain assets, the term "buyer" gets new meaning: A "buyer" or merchandiser is a person who purchases finished goods, typically for resale, for a firm, government, or organization. (A person who purchases material used to make goods is sometimes called a purchasing agent.) In product management, buyer is the entity that decides to obtain the product. A buyer's primary responsibility is obtaining the highest quality goods at the lowest cost. This usually requires research, writing requests for bids, proposals or quotes, and evaluating information received.

Customer is the recipient of a good, service, product, or idea, obtained from a seller, vendor, or supplier for a monetary or other valuable consideration.[1][2] Customers are generally categorized into two types: An intermediate customer or trade customer (more informally: "the trade") who is a dealer that purchases goods for re-sale.[3][1] An ultimate customer who does not in turn re-sell the things bought but either passes them to the consumer or actually is the consumer.[3][1]