will have a high purchasing power. This is because the Gucci’s watches are branded and the price is expensive. In other words‚ it is also targeting the high income people and it is purchased by both genders‚ either male or female. 2.3 Psychographic Segmentation The social class of people that will be targeted in this brand will be the high class people‚ with high income and also well educated. Besides‚ consumer that purchases this brand will most probably spend their time or have
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1. When strategizing segmentation for the suburban markets‚ M&M Meat Shops will first need to look at demographics. They have already formed a specific target market focusing on Generation X women (35 years +)‚ and where these consumers are geographically located‚ which in this case are the suburbs. This strategy however fails to incorporate the needs and wants for this market. To better create value‚ M&M Meat Shops will need to focus on geodemographics‚ which combines the demographic‚ geographic
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residents should be done advance the festival. • Second‚ as the demographic segmentation shows that the young and middle aged people are the main consumers‚ so the activities should be planned for the people in this age range. • Third‚ as the psychographic segmentation show that the visitors may travel around Edinburgh for a couple of days‚ the potential in promoting the benefits of accommodation within easy commuting distance is also a good business choice. • Forth‚ as the "positive" market segmentation
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Market Segmentation Market Segmentation means breaking down the total market into self contained and relatively homogeneous subgroups of customers‚ each possessing its own special requirements and characteristics. This enables the company to modify its output‚ advertising messages and promotional methods to correspond to the needs of particular segments. Accurate segmentation allows the firm to pinpoint selling opportunities and to tailors it’s marketing activities to satisfy on consumer needs.
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Segmentation: Region: Islamabad Density: Blue Area and F-10 Markaz Demographic Segmentation: Age: 30+ Gender: Female Income: Rs: 60000-100000/month Family Life Cycle: Married‚ with children Social Class: Upper Middles‚ Lower Uppers and Upper classes Psychographic Segmentation: Personality: Decent‚ Tasteful‚ and Ambitious Behavioral Segmentation: Occasions: Marriages‚ Newly Constructed Houses Benefits: Comfort and Style Attitudes: EnthusiasticKids’ Furniture The arrival of a child in a family creates a need
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Group 2: I. ELEMENTS OF MARKETING 1. MARKETS a. CONSUMER MARKET- consists of all the individuals and households who buy or acquire goods and services for personal consumption. * CONSUMERS- The consumer market consists of all the individuals and households who buy or acquire goods and services for personal consumption. FACTORS INFLUENCING CONSUMER BEHAVIOR * Cultural * Social * Personal * Psychological TYPES OF BUYING BEHAVIOR * Complex buying behaviour
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product to see if it is healthy or unhealthy. This would save time reading and trying to figure out the nutritional information on products with a simple‚ “good” for me with a ‚ or “bad” for me with a listed. This product will go under the Psychographic Segmentation variable (pg.233) I chose this market segmentation variable because it includes Lifestyle‚ self- concept and self-values. (pg.234) Lifestyle is the way we live. This is a decent variable for this product because it is all about
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SEGMENTATION‚ TARGETING AND POSITIONING of Yamaha Fz-s Segmentation - In what way to divide up markets into meaningful customer groups. Which have the common interest? 1. Demographic segmentation: In this segmentation the clause which come under it are age‚ gender‚ income‚ occupation‚ generation. a) Age- Here age of the customers plays an important role for acquiring this type of bike. The company focuses mainly the customers for the bike having the age-group of 18 years to 30 years
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4 Strategy: Thinking About the Customer CHAPTER 1 Segmentation and Targeting BRIAN STERNTHAL and ALICE M. TYBOUT S United States to Latin countries because it was a fairly priced service that pledged not to change prices. Advertising was done exclusively on Hispanic television programming. Despite an advertising budget of $1.3 million‚ which is a small fraction of competitive dial-around ad spending‚ Americatel became a major player in the dial-around long distance category. While
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SWOT Analysis Content of SWOT are include: Strengths‚ Weaknesses‚ Opportunities and Threats. This fourth point is the basic information to give us knows about the company circumstances. If the company knows about theirs SWOT‚ this will help them to improve or avoid some problem before this happen. According to Mazda Company‚ got four points to explain; even they have a lot of strength. First point is talking about their worker‚ their worker are professional because Mazda Company provide
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