Chapter 5
Market Analysis
Market and Target Market Overview
Market: Fast food Industry According to a recent Nielsen Survey, there was a 13% decline on expenditures of Filipinos on grocery from 2012-2014. This result was because of the increase in the frequency of households dining out. 25% of each consumer dine out every week. QSR (Quick Serve Restaurants) attract customers to get prepared meals rather than a hassle food preparation at home that takes more effort and consume most of their time which they prefer to allot for work rather than preparing food.
Source: http://www.nielsen.com/ph/en/insights/news/2014/filipinos-flock-to-fastfood-convenience-stores-to-get-meals.html
Target Market Overview Since the proposed
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We are the Third year Entrepreneurship from the College of Commerce and Business Administration and we’d like to hear what you think about our awesome products.
1. Gender: o Male o Female
2. Age* ___________
3. Are you a student? o Yes o No
4. Of what University?
___________________________
5. Residence Type: o Home o Condominium o Apartment o Dormitory
6. Do you live far from your family? o Yes o No
7. How much is your daily allowance? o 100-150 o 151-200 o 201-250 o 251-300 o 301-350 o 351-400 o 401-higher
8. How much is your estimated allotment for food given the amount of your allowance? o Higher than 50% o 50% o 30% o 20%
9. Do you often hang out with friends when you eat outside? o Yes o No
10. Do you eat pizza? o Yes o No, why? ____________________
11. How often do you buy pizza n a monthly basis?
___________________________
12. What brand of pizza usually comes to your mind?
13. What Pizza flavor do you like the most?
14. What qualities of pizza do you look for?
15. Are you familiar with a pizza cake?
16. Are you willing to try our pizza cake? o Yes o No, if no why? _______________________
17. Which crust do you prefer? o Thin o Thick
18. How much are you willing to pay for it? ________________________
19. Are you familiar with the concept of Create-your-own Pizza? o Yes o No
20. Are you willing to try it? o Yes o No, why?
Monica and Andy is a Chicago based brand of boutique baby and toddler clothing, blankets, and accessories made of organic fabrics. M+A was founded by local Chicago mom, Monica Royer in 2013. Originally, what started as an online baby blanket company, Royer expanded her store into an organic baby and toddler clothing line, along with opening a retail location in Lincoln Park, at 2038 N Halsted, during the summer of 2014. Monica and Andy is now also home to the renown “cuddle box”. The “cuddle box” is a beautifully hand packaged box of 100% certified organic newborn essentials including the first outfit (hospital outfit) and a blanket that is the perfect gift for a baby shower or hospital gift for a new mom and her new baby. Hats
The change in consumer’s real household disposable income and increase in demand for take away, restaurant foods can have a major impact in this particular industry.
Totalitarian leaders used propaganda to persuade followers to believe that their country would be restored again. Propaganda is when information deliberately spread to help or harm a person, group, or institution. This allows people to be pursued by the leaders and gives the leaders the advantages. In document C, poster created by the Nazi government in 1938, encourages Germans to vote for the annexation of Austria. In the poster you can see that their is hands in air showing that Germany is always united. In this poster, you can see that at the top there are some letters, these letter in English means United Germany. At the bottom the word “Ja!” means YES!. This means that the people are proud of their country. In document B, a speech by
According to National Restaurant Association the restaurant industry covers one million fast food service locations in the U.S. and employs 14 million people. Globally, fast food generates a revenue of over $570 billion and it is expected to exceed $780 billion in 2016. Furthermore, the industry expects an annual growth of 2.5 percent for the next several years. The United States generated a revenue of $200 billion in 2015. In the restaurant market share 48.5 percent are covered by full service restaurants, which means that the QRS segment has sales of 51.5 percent and is supposed to grow
Setting demonstrates the reasoning behind why Maycomb is so prejudice. Scout Finch described the setting with the following words towards the beginning of the novel, “Maycomb was the county seat of Maycomb County… Atticus’ office in the courthouse contained a checkerboard and an unsullied code of Alabama” (Lee 5). The quote reveals the setting, which is located in Alabama, a southern region of the United States. Southern states tended to support slavery and were often regarded as racist. Alabama was especially notorious for hating African Americans.
Continue Mission ensures that military Veterans and their families are the main focus of their mission and that they are given an opportunity to reduce their stress, improve their relationships, and prevent suicide. We utilize a three-pronged approach focused on improving and saving the lives of veterans through one-on-one services, group activities, and a large referral system of community resources that support and educate Veterans. Continue Mission is a 501C-3 non-profit organization founded by Joshua Hansen, U.S. Army, Retired and Laura Cantin.
rnott‟s brand uses colourful, musical and fast ads to promote the Tiny Teddy biscuits. The 2009 IGA/ Arnott‟s promotion consisted of buying 2 Arnott‟s Tiny Teddy to enter a price withdrawal of $100, 000 (Lottos 2011). This promotion was
All across America, in towns metropolitan and suburban, you will probably be able to hunt down a Target. Identifiable by its glowing red bullseye logo, Targets normally sprawl across city streets, and stand anywhere from 1-5 stories tall. Out of the many superstores consumers these days have to choose from, I chose to review Target.
Firms that utilize market segmentation, targeting, and positioning strategy have recognized that their product can be focused on specific portions of the market. Thus enabling the most successful marketing of their product. These firms operate under a consideration that they are not marketing their product onto the entire market but just onto specific portions, in order to tailor their marketing and their products. While this type of market can be successful for some brands and products it is not an approach that all firms can rely for success as their products must fit within the requirements for that desired market segments. The 3 firms discussed below, Southwest Airlines, NetJets and Target have chosen to utilize this approach to market
a. What process elements do you believe are critical to ensure your organization understands the target market and its needs today and remains knowledgeable and informed about trends as your business grows and technology and market forces change the market? Are there specific tools (e.g. CRM, big data tools) that should be part of your firm’s toolkit? If so, explain what value they bring, how they fit into your process, and way they are worth the investment of time, money, and mind share during the critical startup phase.
Market segmentation is usually regarded as one of the main elements of marketing, with benefit segmentation commonly referred to as the most meaningful form of segmentation. Even though the importance of segmentation is broadly accepted, limited research, do exist about cosmetic medical products (Mohr, Sengupta, & Slater 2010, 79). There are very few real examples of segmentation studies available. This article has focused on Johnson and Johnson products marketing strategy globally. The spread of global culture is normally facilitated by the rise of global capitalism, the proliferation of transitional corporations, homogenization of global consumption, and widespread aspiration for material possessions. International market researchers have discussed the breadth of convergence of cultural values across countries.
When identifying our target market area we will identify two levels. Level 1 encompasses the main focus of our marketing efforts and includes the local Georgetown community. This can be seen in Figure 2. Figure 2 can also be used to identify the local location of the Meat Market. The level 2 targeted market encompasses all areas outside of Georgetown bound by Highway 183 to the west, Highway 290 to the south, Highway 130 to the east and Highway 195 to the north. We expanded roughly five miles past 183 to the west and five miles to the east of 130 so that we could include the communities of Leander, Cedar Park and Hutto into our level 2 target area. This area can be seen in Figure 3. Figure 3 can also be used to identify the regional location
The Gap Inc. is a global specialty retailer that operates stores selling casual apparel and accessories for men, women, and children (Yahoo Market Guide, 2001). Under the Gap, are the Old Navy and Banana Republic brands (Yahoo Market Guide, 2001).
The Right Target Market One of the most important marketing functions for a firm is finding
Young minds adapt to learning new languages more easily than developed minds. When you are young you don’t understand where the language comes from you, you simply imitate the sounds and words that you hear being spoken. When a baby first realizes they have a voice they making nonsensical noises constantly. As they begin to feel comfortable they start repeating after words they hear usually beginning with “mommy”, “daddy” and “no”. While this initial speaking usually happens around thirteen to fourteen months, a baby can begin learning their language skills before they are born, “The human auditory system is functional from the third trimester on, and the loudest thing an in utero baby hears is its mother 's voice, speaking whatever language or languages she knows. Those sounds, with their characteristic rhythms and phonemes, are poured straight into the baby 's brain and become comfortingly familiar” (Klugger).