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ELABORATE on the basis of Jollibee in choosing their target market.
Step by step
Solved in 2 steps
- Discuss Describe the process of segmenting a target market and explain why it is crucial for effective marketing planning.Which objective might be suitable if target customers already have positive attitudes about firm's marketing mix.Choose a fast-food restaurant chain that does business in your area. Describe the company's target market and explain how its marketing mix is designed to appeal to this target market. Explain how they segment the market to match their product/service
- Explain the term Substantial in the requirements of effective segmentation?Analyse FOUR ways that a clothing apparel company could segment the market. Support your answer with real examples.This is the basic Marketing Plan in Business please relate to Tourism Destination. • Define your target audience: Determine who your ideal customer is by analyzing demographic information such as age, gender, income, and location. • Conduct market research: Conduct research on your industry, competitors, and market trends. This will help you identify opportunities and challenges and determine how to position your brand. • Set goals and objectives: Determine what you want to achieve with your marketing plan, such as increasing sales or building brand awareness. • Develop a unique value proposition: Develop a clear and compelling message that differentiates your brand from competitors and resonates with your target audience. Determine your marketing mix: Decide which marketing channels and tactics will best reach your target audience, such as social media, email marketing, or advertising. • Create a budget: Determine how much you are willing to spend on marketing and allocate resources…