Study of a demographic segment and its sub segment falling in the age group 18 year to 25 years Saneel Gaonkar IBS Gurgaon Study of a demographic segment and its sub segment falling in the age group 18 year to 25 years Introduction Different kinds of people display different buying patterns even in a segment of age group 18 years to 25 years. This truth is well understood by those people who are
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Demographic segmentation divides the market into groups based on demographic variables including age‚gender‚ family size and life cycle. The following four variables are examples of demographic factors used in market segmentation: 1. Age : Consumer needs and wants change with age. The marketing mix may therefore need to be adapted depending on which age segment or segments are being targeted. Case Study : The lure of generation Y With a plethora of anti-ageing products flooding the market‚
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Geographic Segmentation Geographic segmentation calls for dividing the market into different geographical units such as nations‚ regions‚ states‚ counties‚ cities‚ or even neighborhoods. A company may decide to operate in one or a few geographical areas‚ or to operate in all areas but pay attention to geo-graphical differences in needs and wants. ACI Logistic Ltd (shwapno) today is localizing their products‚ advertising‚ promotion‚ and sales efforts to fit the needs of individual regions
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DemographicSegmentation The word demographic can be related to the structure of populations or a particular sector of a population. Most of the marketers nowadays believed that the demographic segmentation bases are the most popular and practical segmentation bases. Kotler(1984‚ p. 255) states that “demographic variables are the most popular bases for distinguishing customer groups”‚ possibly because the ease with which this kind of data can be collected. Demographic segmentation divided the market into groups
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iPod Product Background The name iPod refers to a category of portable digital audio players designed and marketed by Apple Computer. It is an exceptionally popular‚ portable digital music player that stores up to 10‚000 songs on its 40GB hard disk. The earlier versions of iPod were only able to function as music players. Currently‚ it also includes features such as storing addresses‚ games and calendar. The iPod was originally developed for Mac computers but software was introduced in 2002 to
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AN ANALYSIS OF SEGMENTATION‚ TARGETTING AND POSITIONING STRATEGY OF IPOD APPLE Contents Executive Summary_____________________________________________3 Situation Analysis -Market Analysis_______________________________________________3 -Product Analysis_______________________________________________4 -SWOT Analysis_______________________________________________ 4 -Competitor Analysis ___________________________________________ 5 Marketing Objectives____________________________________________6
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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 markets the
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APPLE’S IPOD: MARTKETING MIX The iPod is a well-known product line of Apple‚ which target the market of portable digital music. Everybody knows how success the iPod was‚ and how it became the golden egg for Apple. The iPod has revolutionized the music industry and the way we enjoy our favorite music. In addition‚ Steve Jobs’ iPod saved the entire Apple Computer from collapsing and helped Apple (after the name changed in 2007) reborn with high influence on the
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OS X‚ iTunes media application‚ and especially the iPod personal MP3 player. The IPod started off as a simple device that held approximately 1000 songs. Throughout the years‚ the IPod has completely upgraded and has literally revolutionized the world. Many changes have come about the iPod in the timespan of about 12 years. The most high tech and popular IPod is the IPod touch. Throughout this paper‚ I will discuss a brief history of how the IPod was developed and designed. In addition‚ I will like
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Nourhan Elbatran 900120593 ELBatran1 Dr.Mark Rhet 102 Debate1 1/7/2013 “Ipods are Antisocial” In an era when technology is the main key to success for any developed or developing country some people believe that means of technology are creating an antisocial society. Antisocial person is a person who possesses personal manners which lack adherence for other members in society (“What is Antisocial Behavior.”) Researchers proved that being antisocial
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