Segmentation Why segmentation? External factors - globalization - clutter - knowledgable customers - competition - technology Internal factors - allocation of resources - effective marketing programmes - opportunies For NPD or/and market development Breaking down the market Potential market (everyone out there) Available market ( those who could buy the product) Target market (those we address) Penetrated market (those who actually buy the products) From
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Sony Versus IPod Case Preparation and Discussion for MKTG505 2015 NIU MBA FastTrak Ronald Kollman and Wang Weixun October 27th‚ 2014 1. What are the advantages of proprietary products like Sony and Apple employ versus open source products like IBM or Dell advocate? The advantages of proprietary products is that they have a captive market with regard to accessories and deliverable content. For example‚ music for the iPod is mostly deliverable through the iTunes application
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re-revolutionized the entire company. Apple introduced the iMac and iBook product lines for the more basic computer buyers and the PowerBook and G series computers for the advanced purchasers. Apple continues to forge ahead in design with the introduction of the iPod digital music player and the iTunes Web site for the sale and download of music. Among giant rival firms‚ such as IBM‚ Apple is on the forefront of a revolution of technology‚ integrating music‚ images‚ and animation. Brief History • Established
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Marketing Management By Rishath.R 1-Anti Wrinkle * Segmentation. * Cosmetics and Skin Care * Anti Ageing Cream * Geographically * People with Wrinkles * Travellers. * Demographically * Age- 35 and above * Gender-F * Income level-25k-30k * Psycho graphically * Life Style Product‚ Value‚ Benefit. * Behavioural * Price -800/- 10g * Brand- AntiAgent * Benefit-Softer Skin. * Target * Working Professionals
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According to Schiffman and Kanuk (2007)‚ market segmentation is the process of dividing a potential marketing into distinct subsets of consumers with a common need or characteristic and selecting one or more segments as a target market to be reached with a distinct marketing mix. When a mass customization approach cannot satisfy buyers’ individual needs‚ market segmentation is essential for determining which sizes will best fit groups of customers who share similar needs‚ thereby increasing customer
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Market Segmentation The purpose for segmenting a market is to allow your marketing/sales program to focus on the subset of prospects that are "most likely" to purchase your offering. If done properly this will help to insure the highest return for your marketing/sales expenditures. Depending on whether you are selling your offering to individual consumers or a business‚ there are definite differences in what you will consider when defining market segments. Market segmentation is a marketing
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IBS Bangalore Session Plan Semester : I Course : Marketing Management - I Course Code : SLMM 501 Credits : 3 Class : 2015 Section : A Instructor : Shailendra Dasari S.No Topic(s)/Activities Identified Cases Source Reference to PTB Additional Readings/Questions for Discussion Learning Outcomes 1 Introduction to Marketing Ch1 PPt 1 Understand 1.Marketing Concept 2.Evolution of Marketing 3.Marketing Mix Discuss 1.Marketing Challenges for the 21st
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BUSN 402 Market segmentation is a marketing strategy that involves dividing a board target market into subsets of consumers who have common needs‚ And then be designed and implemented to target these specific customer segments‚ addressing needs or desires that are believed to be common in this segment‚ using media that is used by the market segment. While there many theoretically ideal market segments‚ in reality every organization like Orkut engaged in a market will develop
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Analysis of the Apple iPod The market studied here is that of the iPod: ‘a brand of portable digital media player de-signed and marketed by Apple Computer.’ Apple have cleverly created a mp3 player that has outsold all competition by using the advantage of brand loyalty. The iPod family has evolved since the original launch in October 2001 when the 5GB iPod was released‚ fol-lowed in 2002 with the launch of the 10GB and 20GB versions. By 2004 Apple had re-leased the iPod mini‚ iPod shuffle and a special
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According to “Hell Is Other iPods: The Aural Loneliness of the Long Distance Shuffler”‚ the author‚ Casper Melville provides an issue about the dominance of the iPods in the worldwide society nowadays. The author accelerates the issues about how iPods influence our society today. In the article‚ Caspar Melville supposes that Apple’s products‚ impulse people’s craving when they see others around get one. IPod is a typical example that can illustrate this consideration. Indeed‚ the iPod has lots of attractive
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