As illustrated in the following pie chart, “Toronto, Ontario-Total Population by Age Groups (Both Male and Female)”, our two primary age groups, consisting of the 15-24 age group, as well as the 25-44 age group, have an extremely large combined population, reaching 2,367,620 people, which is 43% of the total population. The 15-24 age group is known as the Youth and Postsecondary market. This group is often very impulsive when purchasing goods or services, as they do not have to worry about the several financial liabilities that people in the 45-64 age group often have to pay off. This makes the 15-24 age group an easier customer to target when compared to many of the other age groups. One such group is the <15 age group. Due to their reliance on their gatekeepers, it is slightly more challenging to get this group to be a customer. The 25-44 age group is known as the Family Formation. Although this group also may have debts to pay off, such as university or college loans, this group has a larger income than the 15-24 age group and they have more financial freedom. This age group often has a slightly more busy lifestyle, as they often have a family, making our product, …show more content…
Dudley®, founded in 1922, manufactures combination locks that are often used by students in schools, however, they also sell locker accessories, bike locks, and even backpacks. Master Lock is an American company founded in 1921; very well known for their durable heavy duty padlocks, combination locks, and other security items. Recently, they have began experimenting with bluetooth technology and as a result have created a bluetooth controlled padlock for students. The iFingerLock® is one of the few other fingerprint locks on the market. This brand is relatively new to the market and has more room for improvement, as its biometric technology is rather inaccurate. Based on customer reviews, it is rather difficult to set
LFL targeted the 18-34 year-old active female. According to management, this woman was active in sports, fitness and family life. The 12-17 year-old teen female represented an important secondary market. Management believed that sales occurred across broad age segments, and thus considered the LFL customer to be “ageless”.
Age and by how often people shop is two methods of identifying groups of customers who should receive a discount for a product without alienation consumers. These customers should receive a discount because of their loyalty. If they know they are getting some type of discount, they will come. This will also cut back on the marketing cost.
Acai-A-Vie soft drink is an organic berry fruit juice made into a soft drink. It is full of antioxidants and contains not only an exclusive blend of the powerful acai berry, but also contains nineteen other nutritious fruits. Each of these fruits provides the body with the antioxidants to maintain a healthy lifestyle. Whole Foods Market is a specialty organic health food store located all over the country as well as in Canada and in the United Kingdom. This paper will introduce, offer and launch the Acai-A-Vie soft drink to Whole Foods Market. Whole Foods Market is planning to reposition the product
The first emerging trend is the aging population in Canada. Compared to 1971, in which the median age of the population was approximately 26 years, in 2011 the median age of the population in Canada was approximately 40 years. To put this into perspective, according to the 2011 data, half the population was older than 40 years while half was younger. Seniors currently make up the fastest growing age group in Canada. They also represent the fastest
We will focus our marketing strategy on offering solutions that are targeted to not only those that are equipment-upgrade-eligible, but also to market segments such as teens (10-18), young adults/college students (18-40), mid-senior adults (50+), families and a numerous types of organizations by promoting our brand and extensive network.
Summary: The author introduces this book in a very effective way that build a concept of living and nonliving things. The collaborating questions and answers endorse the comparison between the things that are growing and non-living objects that don’t grow.
Statistically, Ontario is home to 797,000 students pursuing post-secondary education. Assuming that only 20 percent of the total number of students are able to graduate in 2017, 159,400 students are the actual target market. Out of which, approximately 54 percent are females2.
The market can be segmented into three consumer groups: 16 to 30 year olds and 31 to 50 year olds who
A company called YuMe Inc. has recently surveyed over 5,000 consumers to “understand how cultural, environmental and life events influence purchase behavior, media viewing habits, device preferences and the impact on consumer marketing.” In that research they were able to segment millennials which made then realize that “by segmenting into different consumer models, companies can focus on the individuals who actually show interest in their product”. This is great for companies in choosing which approach to take when trying to reach these millennials. The results in sales become greater because the reach to a certain segment becomes more accurate. According to Mike Randazzo’s article “What Influences and drives millennial purchasing behaviors” Randazzo found that “while there are common characteristics that define the entire generation, there are more depth and nuance to the audience that advertisers should be aware of in order to influence this segment and drive high engagement.” This shows that if advertisers begin to lump a generation, in particular the millennial generation, into one segment the results will be
At Forster Community College, I lead a project to identify suitable 16-24 year olds through different channels of referrals and support them to get closer to employment. Many of these young people have a wide range of barriers including dyslexia, dyscalculia, ADHD, autism, dyspraxia, Irlen syndrome and borderline personality disorder. I have interviewed these young people and conducted initial assessments to establish the barriers faced by each individual and tailored progression programmes around the their short term and long term aspirations. These sessions last around 2 hours per week which are spent exclusively in a one to one support setting. This post also requires me to liaise with other providers around the local area to create new
The population of the city figures to 2.79 million and is also rated as the safest metropolitan area. The city provides shelter to a total of 8% of Canada’s total population and 20% of all immigrants. (Toronto
Attracting children whilst they are young is a successful strategy for advertisers. The reason is the growing consuming potential of the children. As the youth gets older their needs become bigger. Furthermore, they become more dependent on money, so they spend more and bring bigger profits to the companies. Also it is very profitable to advertise a product, which children become dependent on. Cigarettes and alcohol are good examples for such products. The reason is: the younger consumer is, the longer they will be using the product. For instance, a man who has started to smoke at 30 will be bringing money to the
During the observation process what surprised me the most was that there was a pretty reasonable age gap among the people that were playing. Before I start observing I would have assumed that people of the same age group would be playing among their age group. The young guys would play with others around their age group for the mere reason that they can relate to each other since there is more in common with each other than with someone that is a lot older. Another thing was that there was very few if any girls play basketball. The environment that I observed is one that I knew well or at least I believed so since it’s an area that I routinely see. Taking the time to see the environment closely rather than just a glance really opens you to
You can't be everyone's friend, but you always have to be the example. In band I lead students that are much older than me, I had to overcome the age gap. I learned to never tell someone to do a task that you're unwilling to do yourself, this is how you cultivate respect. Practicing what I preached, I volunteered my time on music, drill, laying out equipment, etc. Showing up one hour before rehearsals at 6:00 am to be the group's example. People took note of my efforts and started to contribute to the team, disregarding the age gap.
Like many companies, marketing to children has proven to be quite profitable; not only in the short-term, as previously explained, but also in long-term goals as children and teenagers become the consumers of tomorrow. By appealing to young consumers whose parents might not be willing to purchase the product for them, they are planting the seeds for future sales when the young targeted audience becomes able to make purchases on their own.