in Great Britain 0160-7383/$30.00 doi:10.1016/j.annals.2004.05.001 MARKET SEGMENTATION A Neural Network Application Jonathan Z. Bloom University of Stellenbosch‚ South Africa Abstract: The objective of the research is to consider a self-organizing neural network for segmenting the international tourist market to Cape Town‚ South Africa. A backpropagation neural network is used to complement the segmentation by generating additional knowledge based on input–output relationship and sensitivity
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Market segmentation allows businesses to satisfy the diversity in a resource-effective manner and is held up as the panacea of modern marketing (Dibb‚ 2001). Marketing segmentation is more and more vital for business in the modern time. This essay‚ therefore‚ tend to introduce the concept of market segmentation first‚ then and the merits and difficulties will be illustrated. Finally‚ different approaches are going to be demonstrated. Market segmentation is the process by which a diverse market
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Analysis of imposter perfumes Aim: To determine which out of 4 unknown samples are genuine perfumes‚ and which are imposter/fake perfumes. This will be done by analysing gas chromatography plots‚ and comparing the components in the samples to that of a known standard perfume. Results: To determine which of the four sample perfumes where imposter and which were real‚ components present in each perfume were analysed using gas chromatography and compared to the known real perfume sample. The
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the study Perfume is thousands of years old - the word "perfume" comes from the Latin per fume "through smoke". One of the oldest uses of perfumes comes from the burning of incense and aromatic herbs used in religious services‚ often the aromatic gums‚ frankincense and myrrh‚ gathered from trees. The Egyptians were the first to incorporate perfume into their culture followed by the ancient Chinese‚ Hindus‚ Israelites‚ Carthaginians‚ Arabs‚ Greeks‚ and Romans. The earliest use of perfume bottles is
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Marketing Segmentation Theory based on selling Oxygen bars 1) Demographic Consumer age‚ gender‚ income‚ occupation are considered to be the main factors for demographic segmentation. Other factors like race‚ religion‚ nationality is not emphasized here because product usage will be less affected by those factors. Currently‚ similar-functioned products available in the market have a wide consumer age base‚ ranging from 20+ to 50+. I believe that this age difference does reflect the difference in
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TV Commercial Analysis a = Dorito commercial b = The perfume commercial Describe the commercial: 1. What product or service the commercial trying to sell? a) Doritos b) Perfume (Jean Paul Gaultier’s "Le Male") 2. Where was the commercial set? Describe the setting. a) Set in a house‚ in a girl’s playroom. b) The commercial is set in a men’s locker room 3. Who was in the commercial? Describe the people in the commercial. a) A man (in his 30’s‚ pretty laid back) and his daughter (about 5 y/o)
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SEGMENTATION (Harish pg3) The process of defining and subdividing a large homogenous market in to clearly identifiable segments having similar needs‚ wants or demand characteristics .Its objective is to design a marketing mix that precisely matches the expectation of customers in the targeted markets. Bases for segmentation Geographic segmentation -: Geographic segmentation calls for division of market in to different geographical units such as nations‚ states‚ regions
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make some of the best shoes (Dogiamis & Vijayashanker‚ 2009). The issue that is discussed later in this paper would be of how Adidas had positioned its product in the market. 2.0 Segmentation‚ Targeting and Positioning The process of segmentation‚ targeting and positioning is shown figure 1 below. Segmentation is defined as dividing the market into distinct group of buyers that possess different needs‚ characteristics or behaviour that might need separate products or marketing mixes to satisfy
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PERFUME Perfume is a mixture of fragrant essential oils and aroma compounds‚ fixatives‚ and solvents used to give the human body‚ animals‚ objects‚ and living spaces a pleasant scent The Fragrance wheel is a relatively new classification method that is widely used in retail and in the fragrance industry. The method was created in 1983 by Michael Edwards‚ a consultant in the perfume industry‚ who designed his own scheme of fragrance classification.The new scheme was created in order to simplify
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company or business to effectively respond to different customers needs and wants in order to increase sales‚ they make use of market segmentation. Market segmentation as defined by Kerin‚ author of Marketing‚ 10e; involves grouping potential customers who have common needs and will respond similarly to a marketing action. In further elaboration to define segmentation‚ if there is a demographic group of customers who are all on diets and are watching their weight (common needs/desires) and a business
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