(1) Most appropriate market segmentation for Harbour hotel to segment their customers would be a hybrid from geographic‚ demographic‚ psychographic and usage situation factors. Feature of geographic segmentation is the market which is divided by location. People who live in the same area usually have similar needs and preferences. As for Harbour hotel‚ it is a neat 3-stars hotel located in Mongkok which is the heart of the shopping area in Hong Kong. People in China and several South East Asia
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following variables and yielded the target segment for our product as follows Geographic Segmentation: Region: Islamabad Density: Blue Area and F-10 Markaz Demographic Segmentation: Age: 30+ Gender: Female Income: Rs: 60000-100000/month Family Life Cycle: Married‚ with children Social Class: Upper Middles‚ Lower Uppers and Upper classes Psychographic Segmentation: Personality: Decent‚ Tasteful‚ and Ambitious Behavioral Segmentation: Occasions: Marriages‚ Newly Constructed Houses Benefits: Comfort and
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Project Guidelines The major learning objectives of this project: (1) Ensure that you understand the Fishbein model (A = (Bi.Ei); see attached note on this model. (2) Learn how to measure the two components of the model in a typical consumer survey: (3) Learn how to use the data for marketing purposes. That is‚ you should be able to use the concepts you have learned in this course to make recommendations regarding a good marketing strategy for your brand. TO DO: Select a particular brand
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An evaluation of the effects of a global advertising campaign Advertising is a general method used by many companies and organizations all over the world. Those organizations or companies use advertising in order to increase selling of the company goods as well as services. More than one hundreds of ads are publicized throughout the mass media such as television‚ newspaper‚ radio‚ billboards as well as the internet. These channels are major tools that we use and see in everyday life. Nevertheless
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in order to plan at best its great promotion campaign. 1. What bases does the LVCVA use for segmenting its target market? Market segmentation helps marketers in dividing a market based on different characteristics such geographic‚ demographic and psychographic. The data from 2001’s research showed how “African Americans‚ Hispanics and Asian Americans accounted for 9‚ 5‚ and 5 percent of the total visitor pool.” Thus‚ one of the bases of LVCVA market segmentation is ethnicity. LVCVA‚ using ethnic
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variables. The five bases of segmentation commonly used in the B2C marketplace we learned are: 1. Geographic is based on region‚ size‚ density‚ and climate characteristics. 2. Demographic is based on age‚ gender‚ income level‚ ethnicity‚ and family life-cycle characteristics. 3. Psychographic includes personality‚ motives‚ and lifestyle characteristics. 4.
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Name:¬¬¬¬____________________________________________ Date:_____________ 4M8 I. Multiple Choice. Encircle the letter of the correct answer. 1. The seller engages in the mass production‚ mass distribution and mass promotion of one product for all buyers. a. Mass Marketing b. Micromarketing c. Market Targeting 2. A type of Micromarketing that consists of a group of customers who share a similar set of needs and wants. a. Segment b. Niche c. Local 3. Containing the product
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relationships. Micro‚ actors close to the company that affects the ability to serve customers (company‚ suppliers‚ marketing intermediaries‚ customer markets‚ competitors‚ public) Macro‚ larger societal forces that affect the microenvironment‚ demographic‚ economics‚ natural‚ technological‚ political‚ cultural forces) Understand a firm’s growth strategies: market development strategy‚ product development strategies‚ diversification‚ and market penetration strategy. Market development‚ a strategy
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BSBMKG502B - ESTABLISH AND ADJUST THE MARKETING MIX Assessment Task 1 – Work Based Knowledge Test 1. What are the characteristics of the products and/or services in your business? Ans. I am working in . We are selling burgers as well as fries and soft drinks. But recently we start selling frozen coke and ice cream‚ which Mc d was selling and now we are making good money. 2. How do these products and/or services relate to the market they are in‚ and to the immediate competitors? Ans. We have
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I. SITUATION ANALYSIS The Australian Working Dog Rescue (AWDRI) is a small non-profit organisation that rescues and rehomes working dogs across Australia (Blake‚ 2016; Australian Charities and Not-for-profits Commission‚ 2015; Australian Working Dog Rescue‚ n.d.). While AWDRI has three product lines – dog adoption‚ merchandise and donations (Blake‚ 2016) – the product this paper will focus on raising awareness of AWDRI to increase long-term revenue from donations. Donations comprised 49.95% of AWDRI’s
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