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- Cohort segmentation is a method used to segment the market for the greatest strategic implications. Find a healthcare related service, product, or organization on one of a multitude of social networking sites. Review the seven categories. Which cohort segmentation section is the service, product, or organization geared for on the site? Why would this type of marketing be successful? Select another cohort segmentation category. From a management perspective, what recommendations could you make to the marketing department to broaden the marketing efforts to include another cohort segmentation not currently being targeted.Marketing Questions 1. The task of designing, collecting, analyzing and reporting, known as ________ is intended to define marketing problems or opportunities. 2. The buyer’s willingness and ability to buy along, buyer’s consideration to alternative brands, and their income are determinants of _______. 3. A _____ is designed to avoid direct competition of larger companies pursuing the bigger segments. 4. A(n)_____________________ attempts to maintain a strong position in its core product-market(s) but also seeks to expand into new (often closely) related markets. 5. The analysis of how consumer perceive one’s brand in comparison to the competition is known as ______. 6. Companies that establish formal policies and guidelines to ensure that the messages communicated to the customer reflect their unique values and competencies are creating a ____________________________. 7. The rate at which an innovative new product category passes through the _________________________ is…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 actionable
- As 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 fortargetingThe marketing mix is a key set of tools within the microenvironment, which helps an organization produce the response it wants from their target market. It’s made of up the 4Ps, which include product, price, place, and promotion. When these four factors are aligned properly, they play an important role because it encompasses everything an organization can do to deliver customer value and engage consumers. Simulated Business Scenario: Zihan is a baker who is planning to start his own business and open a bakery in his hometown in Connecticut. Her has spent a lot of time and effort perfecting the cookie recipe , which she has been making over the years from a family recipe. Zihan is concerned that she is spending too much time and effort on the actual cookie recipe (product) and not enough time on the remaining 3Ps. In order to ensure a successful launch of her new business, Zihan hired you to help with the bakery’s grand opening.She asked you to prepare a report detailing what the bakery…As a marketing manager in your company, you were asked to develop a marketing plan for a service that your company would like to bring to market. You can choose to adopt an existing company from a particular industry, or you can choose to create a new one. You are required to prepare the following: To assess marketing opportunities by analysing customers, competitors, and their own company (3Cs), To develop the segmenting, targeting and positioning (STP), and To design effective marketing programs by devising appropriate recommendations for pricing, promotion, place, and services products (4 Ps).
- Market segmentation entails deliberate attempt to identify market with homogeneous needs to profitability.Based on this understanding,explain to the management of Ultimate Concrete product. 1.five practical reasons why the company should segment their market 2.Four practical approaches Ultimate Concrete products can employ to segment and identify their markets 3.Two target marketing strategies Ultimate Concrete products can adopt to create value for the customersIdentify the categories of variables used by Umpqua Bank to segment the business and consumer markets. What additional variables might help the bank define suitable segments for marketing attention?The objectives/goals section offers more specifics about why readers arereading the marketing plan. What does the company want to achieve, bothoverall and with this particular marketing plan?
- Market segmentation and product positioning in consumer markets are extremely important concepts for marketers to address. One of the big questions to address is what attributes should end up in the final positioning model(s). Furthermore, there are questions of whether the attributes should be of utilitarian or more hedonistic/psychographic in nature. Clearly there is also a place for creativity in these regards. Discuss how marketing management should go about making these critical product/brand positioning decisions. After some discussion, present an example of a creative perceptual map that Burger King could use to position and differentiate its brand from others like McDonald’s, Kentucky Fried chicken, and other fast food restaurants.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…Using the full spectrum of segmentation variables, de- scribe how Virgin America segments and targets the market for airline services.