6. Segments and Targets TREK Corp. segments the market as follows. As our service requires innovation and taste from the customer‚ we are looking for specific purchase behavior of a customer that has an innovative spirit but that is also brand loyal. Our target customers are people that believe in their innovative and creative spirit. With our service‚ they will be able to fulfill their trendsetter-lifestyle‚ as well as having high-quality and personal furniture. We are aware that our products will
Premium Marketing Strategic management Sociology
Target Markets A target market‚ according to Kotler and Armstrong (2004)‚ consists of a set of buyers who share common needs or characteristics that the company decides to serve. The decision of selecting target segments can be assessed by looking at market factors‚ competitive factors‚ and political‚ social‚ and environmental factors (Jobber‚ 1995). Since the location is Asiatown IT Park‚ Lahug Cebu City; our market targets are the call center agents and the people working in offices. These
Premium Target audience Coffee Target market
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
Premium Marketing Psychographic
Analyzing Market Segments & Selecting Target Markets Introduction The credit card industry in Canada has been challenged since the recession started in 2008. There has been an increase in government regulation along with a spike in consumer bankruptcies. Due to the change in market forces‚ a number of smaller credit issuers like GE Money have exited the industry. Relevant to this paper is the media release announcing that effective January 7th‚ 2011‚ financing for the HBC credit cards
Premium Hudson's Bay Company Credit card Loyalty program
The target market for Reese’s Pops Cereal is divided into two age groups‚ six to 17 and 34 to 48. When focusing on a younger‚ dependent segment you also need to target the segment that is making purchase decisions for them. We believe these two market segments are the best to target because the product appeals to both a younger demographic‚ with its candy-like taste and being a fun‚ easy breakfast option that they can make for themselves‚ and also to the adult segment‚ because it is a healthy choice
Premium Marketing Target market Target
Burberry Target Market Wealthy business owners‚ CEOs and COOs and their spouses Worldly citizens Label and fashion conscious shoppers Celebrities Consumers seeking quality merchandise Younger professional 18-30 SHANGHAI TANG Current Market Segment Upper middle class Professional‚ Managers‚ Executives‚ Businessmen (PMEBs) Age:25-39 especially high-income chinese women between 30-35 Now attract Westerners who are interested in Chinese tradition PMEBs Lifestyle Spendthrifts‚ willing to spend up to
Premium China
TARGET MARKETING - MEANING‚ BASIS AND ITS NEED It is not possible for a marketer to have similar strategies for product promotion amongst all individuals. Kids do not get attracted towards products meant for adults and vice a versa. Every segment has a different need‚ interest and perception. No two segments can have the same ideologies or require a similar product.Target Marketing refers to a concept in marketing which helps the marketers to divide the market into small units comprising of likeminded
Premium Marketing Target market Teeth
1. Based on the three customer personas‚ which customer segment should Ontela target? Ontela should targe the teen segment. The size of the segment is big and wide‚ they are usually early adapters of technology (lots are tech savvy) their purchasing power is huge‚. Moreover‚ the segment is substantial‚ and can make ontela increase its revenues. This segment uses the internet alot and the social network‚ e.g. facebook‚. There can be the domino effect and more friends may join this service. As youth
Premium Internet Mobile phone Social network service
The Importance of Market Segments The Importance of Market Segments by John McMillan © 2007 All rights reserved The Importance of Market Segments The Importance of Market Segments Successful companies almost all have a significant market share; it is rare for more than three or four companies to be truly successful in any segment of the mar ket. It is not unusual for one company to dominate with every other company trying to catch up. Consider some examples. There are around
Premium Marketing
Chapter 3: Market Segments and Customer Value 1. Market and Competitive Space * Market space * J. Co’s market space is the store/branch itself. This is where the transaction of a j.co employee/ seller and a customer happens. They both discuss the requirements (buyer) and the constraints of product and service deliver (seller). For example‚ a customer makes his or her order to the j.co crew‚ then pay and then the crew will inform and explain the process in getting her order. * Competitive
Premium Psychographic Marketing Krispy Kreme