Preview

Market Segment

Satisfactory Essays
Open Document
Open Document
259 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Market Segment
MARKET SEGMENTATION HISTORY CUSTOMER EXISTING CUSTOMER IN EXISTING STORE PRODUCTS TESCO PRIVATE LABEL Ain` Shamimi bt Arifin 2012615126 JACK COHEN Founded in 1919 in U.K as a group of market stalls Why Tesco is Tesco? In 1924, Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname (COHEN) In 1929, first Tesco opened in Burnt Oak, Middlesex and it grows worldwide. TESCO IN MALAYSIA Tesco Stores (Malaysia) Sdn. Bhd. was established on 29 November 2001 as a result of a strategic alliance between Tesco Plc UK and local conglomerate, Sime Darby Berhad. In February 2002, Tesco Malaysia officially commenced operations with the opening of its maiden hypermarket in Puchong, Selangor. 46 outlets:- Tesco Hypermarket and Tesco Extra In 2006, Tesco acquired Makro Cash and Carry NEW CUSTOMER AND NEW GEOGRAPHY -Super-premium product and price –Limited to high-value added items - All products under Tesco Light Choices are designed to contain lower levels of sugar, saturates, salt, calories and fat as compared to similar products. -Specially made for consumers who are undergoing diet plans, health-conscious or careful about their nutrition intake due to medical reasons. -The cheapest on display. - Cost-effective packaging ensures more savings - To meet customers essential needs because it help customer to spend less. - Made to match market-leading brands in quality, taste and performance. - Products are always displayed next to leading brands - Can help customer save more without compromising on quality. Foods Non-foods Entertainment Health and Beauty Household Clothing

You May Also Find These Documents Helpful

  • Better Essays

    M1 Unit 4

    • 3521 Words
    • 15 Pages

    2.2 Looking at market segmentation principles, propose a segmentation criteria to be used in TESCO’s for their products in different markets. (Outcome2.2)…

    • 3521 Words
    • 15 Pages
    Better Essays
  • Satisfactory Essays

    Marketing and Segment

    • 1651 Words
    • 7 Pages

    10. Conducting a Market Opportunity Analysis (MOA) is the first step in developing a marketing strategy.…

    • 1651 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    MARKET SEGMENTATION

    • 4820 Words
    • 14 Pages

    As the traditional target market which is high school students is projected to decrease over the next ten years, we at regional state university need to come with a new idea of our target market. Other potential market segmentation can be considered by using these few methods that elaborated below.…

    • 4820 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    Daylesford concept is centered on a working organic farming. The farm was originally established by Carole Bamford. Dayleford has a passion for seasonal, ethical produce that has translated into two London-based farm shops and cafes and seasonal organic, produce sold in Waitrose and other independent stores nationwide. Daylesford has won over 60 national and international awards over the last 3 years for their…

    • 1492 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Analyzing Market Segments

    • 2117 Words
    • 9 Pages

    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 transferred over to Capital One Financial Corporation.…

    • 2117 Words
    • 9 Pages
    Best Essays
  • Better Essays

    The three major players in the soft drink market are PepsiCo, Inc., the Coca-Cola Company, and the Dr. Pepper Snapple Group (Change Lab Solutions, n.d.). All of them use effective market segmentation to target specific markets. Effective target marketing requires that marketers, segment the market, by identifying and profiling to find a distinct group of buyers who differ in their wants and needs (Kotler & Keller, 2012). They target their specific product to one or more market segments they have identified, and for each target segment establish and communicate the distinctive benefit of the company’s products to position themselves in the market. Coca-Cola and Pepsi-Cola retain the first and second position in the soft drink market. By identifying the characteristics of Pepsi’s target market, and how they segment, we may be able to identify why they retain the second position.…

    • 1868 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Kotler, P., & Keller, K. L. (2011). Marketing Management (14th ed.). Upper Saddle River, NY: Prentice Hall.…

    • 1822 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Market Segmentation

    • 354 Words
    • 2 Pages

    Market segmentation is an essential part in today's business world. It is because not all customers have the same requirement and a market strategy which does not recognize this fact will result business failure. Market segmentation is the process of splitting customers, or potential customers within a market into different groups, or segments, within which customers have the same or similar requirements satisfied by a distinct marketing mix. Nike has been successful in market segmentation for selling their soccer boots, which resulted in a significant market share in that particular product category in recent years.…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    As far as the Market Summary / Target Audience are concerned, we have quite the large market to target, I say this because many people tend to think gaming sales should only focus on those people in their teens, yet in reality this isn’t our only major target. The average age of a gamer is 35, over a quarter (26%) is age 50 or over. The bulk of gamers are in the 18 to 49 year age range, which proves children shouldn’t be the only ones we focus our campaigning on. Also, around 68% of U.S. households now play computer or video games as a whole, and as far as the main gender we will be concentrating on, we will concentrate on both male and females as a whole, this is because what many people don’t know is 48% of video game purchasers are female, which means the bias thinking that only males buy video games should be completely tossed out of the window.…

    • 329 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Market Segmentation

    • 2929 Words
    • 12 Pages

    Geographic segmentation: This kind of segmentation divides the market on the basis of geographical area. Marketers use geographic segmentation to divide the markets in geographical areas in order to be able to provide products to consumers depending on their different needs. Different geographical areas have different needs and wants. For example, people living in a village will not have the same needs and wants as the people living in a city. Therefore, it is important for marketers to divide the markets into geographical areas. This can be done by region, size, climate, population, etc. A geographical area can be a city, country or just a small area in a…

    • 2929 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Market Segments

    • 1375 Words
    • 6 Pages

    Bradley’s Reprocessed Technology is a new Value Added Reseller (VAR). The company’s mission is focused on marketing specialty inventory software products to over 1,200 VARs that sell in vertical markets. Each market is distinct and serves a particular specialty industry. In addition to the software, Bradley will sell the inventory data collection hardware that will operate the software. Customarily, VARs who sell to these vertical markets focus solely on the industry 's distinctive product line or service. Though their customers have inventory controls needs, these VARs have not had a product they could offer until now.…

    • 1375 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Market Penetration

    • 276 Words
    • 2 Pages

    Car Sales was established by Enterprise in 1962. This business involves selling used cars to both the public and businesses. It is now one of the largest sellers of used cars in the USA.…

    • 276 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Market Segment

    • 525 Words
    • 3 Pages

    Market segment targeted that the company create the different marketing campaign that will satisfy to the different customer’s need. Therefore, business should be flexible with their service or product for keeping changing their product to match with the customer’s need. So the market segmentation will be able to build the loyalty relationship that will motivate the customer to buy the product or service again. According to the video case, Marriott Corporation International offers the program called “Marriott First Choice”. This program will create the service program that match with different customer’s need with the best quality and value value. For example, the business traveler can choose to stay any hotels in Marriott brand .Moreover, the program provides the special offer to the business traveler to change and negotiate some hotel service to satisfy the customer.…

    • 525 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Write a white paper on a company of your choice and discuss the market segmentation within that industry along with the target market for the company and the selection process for that target market.…

    • 1889 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Tesco Stores (Malaysia) Sdn. Bhd. was established on 29 November 2001 as a result of a strategic alliance between Tesco Plc UK and local conglomerate, Sime Darby Berhad. In February 2002, Tesco Malaysia officially commenced operations with the opening of its maiden hypermarket in Puchong, Selangor. Tesco Malaysia has an employee size of approximately 15,000 and it currently operates 46 outlets in 2 formats following the acquisition of Makro Cash and Carry in December 2006. The Tesco businesses are. Tesco Hypermarkets…

    • 2151 Words
    • 9 Pages
    Powerful Essays

Related Topics