KFC Marketing Segmentation: Geographic: The perfect place for KFC to do business is in the city because people are gathered there including people from the countryside. So the busiest blocks where there are people passing by 24 hours a day are KFC’s targets. Moreover‚ by positioning the store in the capital city Phnom Penh and a touristic city as Siem Reap‚ KFC can benefit from the excessive amount of labor force and a less expense on delivering raw material to each branch. Beside targeting the
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Market segmentation is defined as a company which are trying to divide the market into different parts according to its distinct needs‚resources‚locations and buying attitudes.It have four main tpoics:segmenting consumer markets‚business markets‚international markets and requirements for effective segmentation. I think the most interesting part of market segmentation is consumer markets segmentation. Different consumers have different needs according to geographic‚demographic‚psychographic and behavioural
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The market segmentation; targeting and position play an important role in this company. This essay will use the market segmentation to analyze this company. A segment is a group among the groups which have resulted after subdividing the total market. Market segmentation is subdividing of the market into those groups which can be attacked by specific marketing strategy. It include grouping of customers according to their common needs and wants. The objective of market segmentation is to
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The criteria used to develop the market segment for R.J. Reynolds Tobacco Co.’s new brand of cigarette called “Dakota” is mainly that of demographics‚ and psyhcographics. The target market in this case appears to be poorly educated‚ virile white females age 18-20‚ who enjoy being around their boyfriends and doing whatever their boyfriends are doing‚ for example going to “Hot Rod shows‚ Tractor Pulls‚ cruising‚ and going to parties”. This target market was most likely selected for two main reasons
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RED BULL Background Whilst visiting Asia in 1982‚ Austrian entrepreneur Dietrich Mateschitz discovered a beverage that had a vitalising effect on mind and body and brought it to Europe - today this drink is better known as Red Bull. Selling over a billion cans a year and available in over 72 countries‚ Red Bull is the number one energy drink worldwide‚ and the third biggest soft drink* in the U.K. Red Bull has been scientifically proven to support the metabolism‚ improve endurance and
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Red Bull is a very successful company in the energy-drink category but is struggling to maintain their leadership in a maturing category. If they want to continue to be successful and improve their market share they need to increase their sales present customers‚ find new customers for their present product‚ remarket their product‚ and analyze the current situation. Currently‚ Red Bull is the leader in the energy drink category. However‚ with increased competition‚ they should use
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Marketing – Red Bull Dietrich Mateschitz founded Red Bull in 1984 after discovering the widespread popularity of tonic drinks in the Far East. He developed the Red Bull Energy Drink‚ launching the product on the Austrian market in 1987. Since then‚ Red Bull has launched a range of products‚ including Red Bull Cola in 2008 and Red Bull Energy Shots in 2009. Today Red Bull has annual sales of around 4 billion cans in 160 countries. Red Bull has a distinctive approach to marketing. It uses
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Executive Summary: From conducting this report it was found that Red Bull energy drink is facing some problems‚ the main one of which is the negative media that it has been receiving. However both primary and secondary research shown that negative publicity does not affect buyer behaviour to a great extent. Secondary research clearly states that Red Bull contains excessive amount of chemicals‚ some publications even compare it to highly addictive drugs as well as blaming the product for some deaths
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Target market In order to reach our service to the right customer‚ we have chosen Demographic as our target market segment such as age‚ income and occupation. By using this segmentation‚ it could easily help us to find the logical way to classify consumers. According to the result shown in Figure 1 that has been attached in appendices‚ most of the internet user’s age in Malaysia is between 15 and 44. In Figure 1‚ we can see that the majority internet users 38% are from age 15 to 24‚ second rank
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1) How this close relationship has benefitted Red Bull as a brand? First of all‚ Kastler’s and Partners had benefitted red bull as a brand by transformed conventional marketing into integrated marketing communication which different from others. From the collaboration from both parties Red bull and Kastner able to realized that advertising would only help to increase awareness and likeability it would not increase understanding and acceptance of product thus they focusing on aspiration image and
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