Lite beer is an example of which of the four major segmentation methods economic segmentation demographic segmentation behavioral segmentation QUESTION 32 Sales penetration refers to your market share a method for sales forecasting the ratio of actual to projected sales QUESTION 33 A product that focuses on the benefits the consumer gets from buying it is alan product generic extended refined
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- 1. To deal with consumer heterogeneity in the marketplace, marketers engage in segmentation efforts (based on statistical procedures such as cluster analysis). List the main reason why scaling the data as a step in the segmentation effort is a good idea.What are the two primary types of surveys a companymight use to forecast sales? Why would a company usean outside expert forecasting survey?We have decided to open our own business called ABC Headphones. Customers to target: Demographic: Age – mainly young people, people between the age groups 12 – 50 years. Income – Middle class and upper class Gender – Both male and female Geographic: Urban areas Behavioural and Psychographic: Technology-savvy, professionals, student and who live an active lifestyle. 2) Consider the customers you chose to target, select 2 behavioral segmentation variables applicable to your product (ABC headphones).Explain your choice 3) Select a targeting strategy most suitable for your product idea. Explain your choice.
- Luca, a customer who buys Coca Cola during lunchtime everyday is a target for companies selling carbonated drinks because of his repeated consumption of the product. This information is essential when dividing the market through what kind of segmentation?Consumption segmentationDemographic segmentationGeodemographic segmentationBehavioral segmentationGeographic segmentationPsychographic segmentationPlease give me atleast 5 specific title of research about marketing which are the respondents are students. Explain each title and purpose.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 market
- H ow can target market segmentation help in effective marketing planning?THERE IS NO CASE STUDY OR TASK I want you to Describe the target market of Deciem company. Label each target market with a consumer mindset and then describe the target market based on the four segmentation variables (Demographic, psychographic, behavioural and geographic)I am having problems with these parts.... Target ConsumerTarget consumer description of the demographics, behavior, education level, gender, income, location, housing preference, usage, ethnicity, language, etc. Target Market SegmentComprehensive description of the target market segment.
- Identify and describe four major categories of variablesthat can be used to segment consumer markets. Giveexamples of product markets that are segmented byvariables in each category.To identify smaller, better defined target groups, marketers often use multiple segmentation bases. * True O FalseHow does Nederlander achieve the three major criteria foreffective market segmentation