Identify a product or service you want to market, and choose a market targeting strategy you think is best to apply on your chosen product/service.
Q: Explain how a company like Apple inc identify attractive consumer market segments and choose a…
A: Companies like Apple Inc. have maintained their dominant position in the market. Building a superior…
Q: Briefly discuss the four criteria used to select target markets. In your answer, include the…
A: The four criteria used to select target markets are: 1. Psychographic Segmentation- This type of…
Q: Define the following and provide example for each of them: 1- Differentiation 2- Marketing mix
A: The marketing concept refers to the need identification of consumers to produce and sell products…
Q: Why is it important to determine who your target market is?
A: With the growing industries or in other words the ever-rising trend of globalization and thus…
Q: Which segment would you suggest they target and what strategic advice would you give in targeting…
A: Market segmentation refers to the activity of grouping the entire customer market into smaller and…
Q: What is the difference between product markets and generic markets? Provide example for each
A: Generic markets are usually made up of groups of people who have a common need that can be met by a…
Q: Define the term target market?
A: Introduction STP marketing stands for Segmentation, Targeting, and Positioning. It is a marketing…
Q: After a company segments its market, it needs to decide which segment (s) is most attractive to…
A: Effeсtive segmentаtiоn Strаtegy meаns thаt the lосаtiоn thаt hаs been seleсted fоr the…
Q: Market Segmentation Think of one product or service offered by Amazon and apply market…
A: Any organization before launching its product work on it segmentation. Market segmentation is a…
Q: explain why is it important for a company to choose it target market early in process of launching…
A: Launching buisness needs a formerly done strategic plan, settled goods, performance management and…
Q: by choosing a product or product category that interests you. Next, prepare a detailed market…
A: Market segmentation can help you to define and better understand your target audiences and ideal…
Q: Think of a specific product or service then formulate a concrete marketing strategies that can gain…
A: Marketing is the process of creating communicating and delivering customer value with the help of…
Q: A college wants to focus its marketing efforts on retention of current students. They have a choice…
A: Before getting into the question, let’s first understand the concept of segmentation. Segmentation:…
Q: Discuss the strategies for selecting Target Markets?
A: Ans. Introduction Items/Services are created to sell. Marketing includes different strategies to…
Q: If you were to choose, what do you think would be the most important section of a marketing plan?…
A: A company's marketing plan comprises of information regarding what strategies it will use to market…
Q: Define the major steps the Nestle company has undertaken in designing a customer - driven marketing…
A: Nestle is a very popular name in the FMCG sector. It is considered one of the biggest companies…
Q: Apply the marketing principles to Manchester United football club: What classification is the core…
A: Manchester United is a professional football club in England that competes in the Premier League.…
Q: model of the marketing process, a company should before designing a customer-driven marketing…
A: Marketing is a concept that deals with discovering the needs of the consumers and selling products…
Q: Choose a fast-food restaurant chain that does business in your area. Describe the company's target…
A: Mcdonald's is the biggest fast-food chain restaurant in my area and it is the more popular food…
Q: Create a list of potential target markets of different companies whether it offer products or…
A: List of potential target market of different companies are explained below:
Q: Select three companies competing in the same product or service category. How does each…
A: Three organizations and same item: Toothpaste and 3 organizations Colgate, P&G, HUL. I will…
Q: Focusing on a targeted group of customers (a target market) can gain a competitive advantage…
A: Answer of 6. Option D -A tailored marketing mix can have better value proposition to the customers.…
Q: Discuss the two important questions a marketing manager must answer when designing a winning…
A: Every company tries to help customers by creating solutions on their problem. The customer get thess…
Q: Five practical approaches One can employ to segment and identify their market
A: Segmentation: It means dividing the market. The market is divided based on the needs and desires of…
Q: Mention a business opportunity and illustrate how do you identify it
A: As entrepreneurs, we should always live eyes-wide-open, and learn how to view problems as a means…
Q: Describe the four characteristics of services that marketers must consider when designing marketing…
A: The non-physical and intangible parts of our economy, which do not have a physical existence and can…
Q: Suppose you are planning to launch a new product in market. What criteria you will use for an…
A: Market segmentation is a process of dividing a market into homogenous sub markets having similar…
Q: How do companies build loyalty among their customers? Give specific examples.
A: Loyal customers are the most valuable asset for any brand of the company. A loyal customer will…
Q: Which target-marketing strategy best describes the efforts of Boston Harbor Cruises? Support your…
A: Company B is a boat tour, water taxis, and harbor cruises company. Company B provides recreational…
Q: What are the forces that have been identified by Michael Porter that determine the intrinsic…
A: Porter's five forces are meant for analyzing the competition level for a business. It is taken from…
Q: If you have a food and beverage company then in the case of market targeting, what are the market…
A: Marking is becoming a very crucial part of each and every business to give a kick to a business and…
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- How can a company effectively identify and target the most profitable customer segments within a chosen market? What strategies can be used to maximize profitability within these segments?Present an example of a good or service that is targeted based on Demographic, Geographic, Psychographic and Behavioral segmentation. You need to present an example for each one (Demographic, Geographic, Psychographic and Behavioral) and elaborate on the "why" with clear examples and arguments that support your answer.Discuss what are the most effective methods for developing a marketing plan for a new product or service that has no existing market or competition?
- Market Segmentation & Targeting for WALMART What problem does your product or service solve? Describe the total market for your solution: Who are potential customers? What are the key segments within this market?Think of a specific product or service and then formulate a concrete marketing strategies that can gain valuable feedback and how to improve your product or service that will meet the needs of your target market. Discuss.Which segment would you suggest they target and what strategic advice would you give in targeting this particular segment?
- "Marketers are skilled at stimulating demand for their products”, elaborate this statement by giving three examples?Think of a specific product or service then formulate a concrete marketing strategies that can gain valuable feedback and how to imimprove your product or service that will meet the needs of your target marketPLEASE HELP ME CHOOSE!!! Choose your company, product, service or product line that you will be creating a marketing strategy for as well as a deep dive into the market/industry, financials, and marketing tactics that should be used.
- In this activity you are presented with an excerpt from a manager’s meeting discussing segments in the smart phone market. Your task is to firstly determine what market segments you can identify (both from the information below and your own knowledge)? And then, based on this information, which target market would you select for the firm? From the Manager’s Meeting Natalia: As we all know, the company wants to enter the huge smart phone market. We have been a significant player in the electronic and entertainment market for many years and senior management has decided that now is the right time to grab a share of this market. Therefore, the main purpose of today’s meeting is to outline the various segments in this market in order to gain some understanding of the best target market for us. So who has some ideas about the various segments? Bianca: Obviously, Apple has made the smart phone a fashion statement – there’s clearly a segment that are attracted to the fact that it is a…In this activity you are presented with an excerpt from a manager’s meeting discussing segments in the smart phone market. Your task is to firstly determine what market segments you can identify (both from the information below and your own knowledge)? And then, based on this information, which target market would you select for the firm? From the Manager’s Meeting Natalia: As we all know, the company wants to enter the huge smart phone market. We have been a significant player in the electronic and entertainment market for many years and senior management has decided that now is the right time to grab a share of this market. Therefore, the main purpose of today’s meeting is to outline the various segments in this market in order to gain some understanding of the best target market for us. So who has some ideas about the various segments? Bianca: Obviously, Apple has made the smart phone a fashion statement – there’s clearly a segment that are attracted to the fact that it is a…As a brand manager for the new launched coffee, what target marketing strategy will you propose to capture a large slice of the market share and to duplicate the brand success of the corporation in the beer market? Explain your answer and identify the most feasible segment for the coffee.