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C1&C2
C1&C2

... Toward the Marketplace • The Production Concept – consumers want inexpensive and widely available products • The Product Concept – consumers want quality, performance and innovative features. • The Selling Concept – Customers will ordinarily not buy enough of the organizations products so therefore ...
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... A mailing list is a file of names and addresses of current or potential customers, such as lists that might be generated by a credit card company or a catalog retailer. Internal lists are valuable for creating relationships with current customers, and external lists are useful in generating new cust ...
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... What are the main markets for Feni – and how can these and new ones be developed? Should there be different marketing strategies and brands for the different market segments (such as local Goan consumer, tourists who visit Goa, national market, and global market)? Are there further possibilities of ...
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... MARKETING PLAN f) MARKET SEGMENTATION If you offer a product for all units, it means that some consumers will not be satisfied in full and resources would be wasted. With market segmentation, product-market match provided better. ...
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... 23. Expenditure on advertising is a social waste. Do you agree? Discuss. 5/6M Hint: Partially true, write objections to advertising 24. Explain the importance of advertising for manufacturers, consumers and the society. 5/6M 25. Explain the factors determining choice of channels of distribution of a ...
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... make marketing relevant for shareholders, top management, customers and the management of customers again. In the age of customer relationships, where marketing is a process encompassing most of the functions, processes and departments of a firm, the support of the entire organisation is imperative ...
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... Selecting customer to serve; first dividing the market into segments, Second select the segment to be our target market. Porsche company target customers with high income. • Deciding on a value proposition; A set of benefits or values it promises to deliver to consumers to satisfy their needs. means ...
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... • The process of identifying distinct groups of consumers whose purchasing behavior differs from other groups in important ways – Demography, geography, social-cultural factors, psychological factors – Firms adjust their marketing mix to meet the particular needs of different market segments ...
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... Foreign markets constitute a large share of the total business of many firms that have wisely cultivated markets abroad. The case of Coca-Cola clearly emphasizes the importance of overseas markets. International sales account for more than 80 percent of the firm’s operating profits. In terms of oper ...
unit – ii marketing strategy - KV Institute of Management and
unit – ii marketing strategy - KV Institute of Management and

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Market segmentation

Market segmentation is a marketing strategy which involves dividing a broad target market into subsets of consumers, businesses, or countries who have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them. Market segmentation strategies are generally used to identify and further define the target customers, and provide supporting data for marketing plan elements such as positioning to achieve certain marketing plan objectives. Businesses may develop product differentiation strategies, or an undifferentiated approach, involving specific products or product lines depending on the specific demand and attributes of the target segment.
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