The market is based on Vaccine The market is based on Vaccine The market is based on Vaccine What is the relevant market segmentation for your business in terms of: Geographical (provide a succinct explanation as well): Demographic (provide a succinct explanation as well): Psychographic (provide a succinct explanation as well): Using a table, break down your market segments into brackets relevant to your product, goods, or service.
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- Markets must be segmented for any marketing strategy to be effective.This is because from the identified segments, the firm will choose oneor more target markets. The choice of target market will then determinehow which of these concepts are designed? a. Four Ps (product, price, place, promotion) b. SWOT analysis (strengths, weaknesses, opportunities, threats) c. STP (segmentation, targeting, positioning) d. GM (gross margin) e. SBU (strategic business unit)Explain in detail Helene is the Marketing VP for The Ultimate Shoe Company. The Company wants to expand sales in the women's occupational footwear market (shoes women wear to work in construction, food service, healthcare, etc). A research firm has identified five different segments in the market. Which of the below should Helene consider when deciding which of the five segments will make the best ones for the firm to target? Multiple answers are right: O segment growth potentialO values and lifestyles of segment membersO the segment's psychographic profileO accessibility of the segmentO segment profit potentialO whether the segment is actionableAs part of the process required before launch, you need to consider the segmentation, targetingand positioning of your potential market. Consider the following questions and compile a reportfor management of no more than 600 words. In order for your business to market the new range of CDB oils successfully, the bases forsegmentation should be carefully considered. These include:o Geographic;o Demographic;o Psychographic;o Behavioural.Discuss any three behavioural segmentation bases you believe to be most relevant to theCBD oil marketing strategy in South Africa. In general, seven positioning methods can be distinguished. Select and discuss twopositioning methods you believe would be best suited to the market you have selected fortargeting
- 1. Market segmentation is the way a company decides to group customers based on *a.Difference in age, genderb.Differences in their needsc.Difference incontinentd.Difference in numbers 2. The efficiency frontier is not *a.Dynamicb.Staticc.Convexd.Straight 3. Economies of scale are unit cost reductions associated with *a.Profitabilityb.large scale of outputc.Increasing volume of salesd.Merger 4. Economics of scale arises specifically *a.Company going globalb.Company increases profitc.Company expandsd.Company increases output 5. What rates can determine the demand for a company’s products *a.Growthb.Accelerationc.Declined.Interest6. A standardization strategy involves the company *a.Operate in single industryb.Producing one basic offeringc.Segments in different marketd.Compete globally 7. A fragmented industry a.Consists of relatively smaller brandsb.Mainly about retail businessc.A good number of small and medium businessesd.Large player with small market 8. Fixed costs are costs that…8. In assessing the effectiveness of a market segmentation approach, stability is theA. degree to which individual market segments are easy to identify and measureB. degree to which a segment is large cough and profitable enough to warrant investmentC. degree to which segment consumer preferences are stable over timeD. ability to communicate with and reach the target marketWhat are the diffrent ways to segment a consumer market? Does it makes sense to use more than just a single segmentation variable? Why or why not? What are the key characteristics os a high potential target market? Is the biggest target market always the best? Why or whty not?
- It's about restuarant infront of the beach business explain the benefit you believe segmentation will add to your company’s ability in providing a better service/product to customers. Specify clearly the following: How many segmentation strategies will you be using with your market/customers? What are the segmentation strategies you are planning to use? Explain your strategies’ choice.1. How Michael Porter’s five forces model can help marketers to analyze segment attractiveness? Explain with help of examples. 2. Suppose you are planning to launch a new product in the Pakistani market. What criteria you will use for an effective market segmentation strategy? Provide examples where applicable(1) The goal of any market segmentation is to divide a market into subgroups whose members have different criteria to find the common buying behaviors. (2) Choosing appropriate segmentation criteria starts with a descriptive profile of the total market to identify obvious segments and differences among them. A. 1st statement is correct, second statement is incorrect B. 1st statement is incorrect, second statement is correct C. Both statements are correct D. Both statements are incorrect
- Comment if you agree or disagree with this post. 1. What type of variables are used for market segmentation? Benefit variables are used for markets that are segmented by customers seeking benefits that satisfy their needs. Demographic variables seek out characteristics in customers that fit certain descriptions that can include purchasing power and consumption patterns. Also, it can be more specific by gearing toward gender, age, occupation, whether married or single and income. 2. Would a small firm use the same variables as a large business? Why or why not? I would have to say yes. No matter the size of a company, the customer base remains the same. Someone is always shopping for something. Both types of variables are needed to implement forecasting and market strategy. (Longenecker, et al. 2020). Take an antique store, for example. Just because it's a small business, perhaps ran by mom and pop, doesn't mean it has to limit who it sells to. The variables are the parameters and as…Subject Title: Quality Service Management in Tourism and Hospitality Topic: Market and Market Segmentation Remember to check the following when done writing your answers: TENSE: Use the correct tense. INSTRUCTION: 1. What is meant by the term market? 2. What is meant by the term market segmentation? 3. What are the different ways to segment a market?It's about restuarant infront of the beach business explain the benefit you believe segmentation will add to your company’s ability in providing a better service/product to customers. Specify clearly the following: How many segmentation strategies will you be using with your market/customers? What are the segmentation strategies you are planning to use? Explain your strategies’ choice. please answer in your words