Preview

Target Market Analysis: Amazon's Competitive Strategy Of Amazon

Good Essays
Open Document
Open Document
1283 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target Market Analysis: Amazon's Competitive Strategy Of Amazon
The generic competitive strategy of Amazon is the target market. The target market is a broad group of people all over the world. Amazon has customers since the beginning. People shop at Amazon for the price, the convenience, and value. The market targets people such as young, middle age, and older people with individual needs, and people with family needs. New parents are Amazon target market because they can order everything the baby need such as diapers and other items. The convenience that parents with little children they can shop online instead and intend to the baby. Amazon is great, and they care about their customers. The customers who are parents is great for retailers such as Amazon. Customers shop at Amazon for the best value. Prime members will save an extra 20% off on diapers and other baby products. Amazon is unique because of the Amazon Prime, and Prime loyalty program. Amazon Prime Now is different than other competitors because in certain …show more content…
Amazon operates in several countries such as India, Spain, United Kingdom, Italy, Germany, Japan, Canada, and France. All these countries use Amazon Prime. India is growing fast in e-commerce market. Amazon.in, started offering the customers Prime membership between $7.50 and $15.00. In India Prime service customers in 100 cities to receive one to two-day delivery of goods. Prime Now is offered to Premium members in the Madrid fast delivery. Prime Now delivery is offered in Spain at no cost, but a fee of $6.50 within an hour. Over 18,000 products include even fresh and frozen items and Prime Now is available in United Kingdom, London, Manchester, and Liverpool. In the fall of 2017 Amazon just open a large facility in Italy near Rome. The size is over 60,000 feet at a price of $168 million(Enright,2016). Amazon Prime offers fast shipping, early entries to sales, and free photo storage in every country. Amazon serves any customer who has access to the

You May Also Find These Documents Helpful

  • Good Essays

    Due to the high amount of discount retail stores in the market, customers have high mobility and low loyalty. Many of these stores sell the same or similar products. Buyers switch from one store to another to purchase products in order to reduce costs. On the other hand, shoppers are not concentrated and powerful enough to take total control of the price. Therefore, Target still has some power to maintain the price of its products.…

    • 439 Words
    • 2 Pages
    Good Essays
  • Good Essays

    According to Michael Porter’s five forces model, the Target brand proves to be capable of making a high profit. Target’s industry faces several barriers to entry. First, Target and its current nation-wide competitors enjoy significant economies of scale. Purchasing inputs in bulk enables Target to reduce pricing in their stores. Also Target benefits from brand loyalty with their customer which makes it difficult for competitors to gain customers. Due to its high level of power as a buyer, Target purchases large quantities of products, has many choices between equivalent products, and the corporation can easily switch between the offerings of different firms. Target is able to demand a decrease in prices from the sellers…

    • 709 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Target Stores' competitive advantage is their "ability to surprise and delight" consumers by carrying affordable items that buyers need and still allowing guests the opportunity to "fill their baskets with what they want." Target has been recognized as a leader in trend…

    • 445 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Target Strategic Audit

    • 15483 Words
    • 83 Pages

    The internal analysis indicates that Target’s strengths of brand loyalty and customer service will assist its entry into e-commerce and attract this consumer segment. Current weaknesses, such as the website ‘Target.com,’ can be improved with a more e-market focus and deployment of resources. This includes Target’s relationship with suppliers, its inbound logistics, distribution channels as well as financial resources. These channels present an opportunity to expand into e/m-commerce. This may best be accomplished through multi-platform relationships that Target can build both with customers and suppliers.…

    • 15483 Words
    • 83 Pages
    Powerful Essays
  • Better Essays

    In planning their business, Amazon had to take into account all internal and external factors to avoid catastrophic troubles while beginning their company. The same concept holds true, even today. Internal and external factors affect the planning, organizing, leading, and controlling (four functions of management) functions of management involved in the successful and continual growth of Amazon’s company. Their company began as a planned rival to Google and Microsoft, for lead in the online retail industry. With their original focus, Amazon used four different key values to help their business off-the-ground, and stay focused on their personalized progress. Their ability to zone-in on customers, dynamic pricing, personalized service, and brand variety was their plan for success (Amazon, 2011). It became a primary goal for Amazon to make their customers’ online shopping experience easier and more enjoyable while supplying dynamic pricing options and the convenience of a ‘one-stop’ retail ordering system. The business model of Amazon included selling books, compact discs, movies, electronics, and games. Currently, Amazon has the largest online retail selection because it extends its inventory out to offer home goods,…

    • 1179 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The current age level for the shoppers at Target was 25-34 which is a lot lower than the ages that shop at Walmart. The income levels for these shoppers were 50,000-79999 and females were also their main shoppers. As from the statistics the age of the shoppers was lower than Walmart which is the only difference in between Walmart and Target. From these statistics, the target market for Target seems to be on the Lower end of age while the target market for Walmart seems to be middle age.…

    • 634 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The customers they want to attract are obvious because of the locations they choose and the ads they put out. Chances are that if a person were to go into a well populated suburban area a Target will be there. They attract young families by putting a grocery section, clothes for all ages, and a pharmacy in their stores for their customers convenience. In recent visits I have noticed that their target customers are on point. The typical customer I saw there was in fact, middle to upper middle class and either middle aged or younger. The age was obvious on the customers, but what social class they were in was harder to spot. Judging by their clothes, the amount of money they spent and the cars they drove a person can assume that they were a typical American household. During the process of checking out I noticed three things. First, their customer service wasn't of the best quality, some of the workers don't make eye contact and some don't even bother to greet their customers. This conflict makes Target look bad, treating customers with little to no respect is not what their mission statement is all about. In Target’s “about us” section they talk about wanting each experience in the store to be the best a customer has ever had, but with the rude customer service their quantity of the items doesn't make up for the quality of the service. The second thing I noticed…

    • 1251 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Target's Target Market

    • 390 Words
    • 2 Pages

    Being a frequent shopper at Target, the value that I see delivered for all customers in the price and quality they offer to compete with their competitors. Target makes it clear that they believe in “great shopping, anytime, anywhere, celebrating diversity and inclusion, design for all, community support and engagement, more for your money, and a fun and rewarding place to work.” (Cornell) On top of suiting needs for almost all customers, their customer service is always outstanding and never falls short. Target has become a one stop shop offering clothes, work supplies, school supplies, groceries and many more everyday needs. These values and services are directly towards moms.…

    • 390 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Amazon.com Case Study

    • 1314 Words
    • 6 Pages

    From its online bookstore launch in July 1995 till it went public in May 1997, the company…

    • 1314 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    The mission statement for the company is “Our mission is to make Target your preferred destination in all channels by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling out Expect More. Pay less. Brand promise.” (Jurevicius, 2013). The mission statement reveals that Target is a very progressive company who has the desire to move forward at rate that keeps them in the front of their competition. Target has worked vigorously to stay up to date on the newest trends and latest technology to fulfill their brand promise. The vision that has been set forward for Target as a corporation is for the company to have better online operations and more environmentally friendly stores to aid in the fight to keep our planet health. Target reaches their customers on personal level with the way they cultivate inclusion in how they address issues, such as body image, natural products for skin care and cleaning products, environmental issues, and…

    • 1166 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    • Use of Internet: Amazon uses the internet as the sole method for selling goods to its consumers. Amazon’s competitors, such as Barnes and Noble, and Borders use brick and mortar as their main distribution channel. This method of using many store fronts is extremely costly. Thus, Amazon’s competitors are at a disadvantage because their costs are significantly higher than Amazon’s costs, allowing Amazon to sell the same goods at a lower price.…

    • 1654 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Since Target Corporation sell products across many sectors (such as clothing, food, or stationary), it may not have the flexibility of some of its more focused competitors. (Sales/ marketing)…

    • 638 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Marketing Mix of Amazon

    • 649 Words
    • 3 Pages

    Amazon was founded in 1994 and is considered the largest e-commerce retailer in America. In 20 years this organization has become a fortune 500 company that has dominated the e-commerce market and displayed unique growth and understanding of the market and client needs. Although Amazon is a very successful organization, they experience many threats from competitors, market fluctuations, and basic uncertainties within the market. However, the firm intends to handle these issues by looking toward their future and addressing the initiatives and long-term goals of the organization. Understanding and controlling the variables in the marketing mix allows this organization to overcome many of these objectives so they may be successful in their future. The marketing mix has four basic areas also known as the four P’s that consist of the; product, place, promotion, and price. These four areas can be researched, evaluated, and controlled to the point of creating that ideal environment for the consumer because this effort is done to target the customer.…

    • 649 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Target aims for high-end buyers, in part because the middle class is shrinking. In general they reach moderate to better income families with active lifestyles and a multitude of hobbies. A Target customer’s median age is 40, and median household income is $64,000. Eighty percent of Target customers are female and thirty-three percent have children at home. 50% of consumers are employed in professional or managerial positions. Around fifty-seven percent of Target customers have completed college. Generally Target’s consumers are interested in buying higher end, quality products. Their primary market is females ages 35-45, therefore this demographic should be the focus of their marketing efforts. Secondary customers could be the spouses of these females who use the products their wives shop for but are not the primary customers making the purchasing decisions. Tertiary consumers could be children in families, using the product but not yet making direct purchasing decisions. These children may become primary consumers later in life, if they associate the brand with positive experiences. Target offers a customer loyalty program which helps generate and keep customers. This program helps identify customer purchasing trends which enables marketers to create effective, targeted promotions, decreasing advertising…

    • 1781 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Amazon has created a value product that resolves around services over the device itself, known as the Kindle Fire. With the emergence of e- readers, various competitors immediately offered iterations of the Amazon Kindle Fire tablet. The CEO of Amazon, Jeff Bezos, must decide and define its most promising target segments and positioning of the Kindle Fire against competing products in the market.…

    • 3726 Words
    • 15 Pages
    Powerful Essays