Marketing
14th Edition
ISBN: 9781259924040
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
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Question
Chapter 5, Problem 1BYMP
Summary Introduction
To find out: The consumers who are probable to purchase Person X product a) In demographic characteristics terms b) any other type of features, which Person X believes it’s important.
Introduction:
The ethics is a branch of philosophy, which involves defending, systematizing, and suggesting the concepts of correct and incorrect conduct.
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Suppose you are planning to launch a new product in market. What criteria you will use for an effective market segmentation strategy?
To conduct a consumer analysis for the product—the good, service, or idea—in your marketing plan: 1 Identify the consumers who are most likely to buy your product—the primary target market—in terms of (a) their demographic characteristics and (b) any other kind of characteristics you believe are important. 2 Describe (a) the main points of difference of your product for this group and (b) what problem they help solve for the consumer in terms of the first stage in the consumer purchase decision process in Figure 4–1. 3 For each of the four outside boxes in Figure 4–4 (marketing mix, psychological, sociocultural, and situational influences), identify the one or two key influences with respect to your product. This consumer analysis will provide the foundation for the marketing mix actions you develop later in your plan.
Sometimes marketers will develop strategies to target multiple social class segments with the same product by offering it at different prices. Give two examples of products or brands that use this strategy, and how do they accomplish it? Are there any potential risks to taking this approach with specific products or brands, and what might make some products or brands more susceptible to these kinds of risks?
Chapter 5 Solutions
Marketing
Ch. 5.1 - Prob. 5.1LOCh. 5.2 - Prob. 5.2LOCh. 5.2 - Prob. 5.1LRCh. 5.2 - Prob. 5.2LRCh. 5.2 - Prob. 5.3LRCh. 5.3 - Prob. 5.3LOCh. 5.3 - Prob. 1MRDCh. 5.3 - Prob. 2MRDCh. 5.3 - Prob. 1MIAMCh. 5.3 - Prob. 5.4LR
Ch. 5.3 - Prob. 5.5LRCh. 5.3 - Prob. 5.6LRCh. 5.4 - Prob. 5.4LOCh. 5.4 - Prob. 1MMCh. 5.4 - Prob. 5.7LRCh. 5.4 - Prob. 5.8LRCh. 5.4 - Prob. 5.9LRCh. 5 - Prob. 1AMKCh. 5 - Prob. 2AMKCh. 5 - Prob. 3AMKCh. 5 - Prob. 4AMKCh. 5 - Prob. 1BYMPCh. 5 - Prob. 2BYMPCh. 5 - Prob. 3BYMPCh. 5 - Prob. 1VCCh. 5 - Prob. 2VCCh. 5 - Prob. 3VCCh. 5 - Prob. 4VCCh. 5 - Prob. 5VC
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