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How do I: Assess my current market situation?
How do I: Assess my current market situation?

No Slide Title - Indian Institute of Management Bangalore
No Slide Title - Indian Institute of Management Bangalore

... A technique called LADDERING is used to trace the person’s motivation From the stated ones to the terminal ones. The marketer can then decide to Target his appeal to the most appropriate level. Motivation researchers also use projective techniques such as word association Sentence completion, pictur ...
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... UK, he is buying a clearly defined Thomson product. The reality is that little of Greece is actually being marketed to the customer. Even with the growth in ...
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...  A wholesale club, such as Sam’s or Costco, then, is a distributor for the orange grower and can provide useful data to the orange grove as well.  The wholesaler can let the orange grove’s marketers know how well their product is selling, what feedback customers are giving, etc.  News and trade j ...
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... 12. What is ‘Lifetime Value of Customers ‘ and how can marketers maximize it ?Explain . 13. List out the major types of retailersand explain the same. 14. Describe the methods of setting total promotion budget. 15. List out and explain the alternative concepts or orientations under which organizatio ...
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... Place involves how and when the customer gets the product ...
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...  firms that produce locally can sell directly to the consumer, to the retailer, or to the wholesaler  firms that produce outside the country have the same options plus the option of selling to an import agent ...
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... • Market Segment is a group of consumers within a larger market who share one or more characteristics ▫ Millions of people enjoy college basketball, but a smaller group specifically enjoys University of Kentucky basketball ...
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... opportunities or areas where the company feels there are favorable demand trends, where customer needs and/or wants are not being satisfied and where it could compete effectively. Market opportunities are usually identified by examining demand trends in various market segments. The discussion can fo ...
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... momentum around the issue of market maturity. The company direction & board mandate can rarely be anything other than ‘business growth’ and it is logical to try to achieve this by targeting specific ‘segments’ with new, differentiated, usually branded, premium offers. However, it is not uncommon to ...
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...  firms that produce locally can sell directly to the consumer, to the retailer, or to the wholesaler  firms that produce outside the country have the same options plus the option of selling to an import agent ...
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... However, CLC focuses upon the creation of and delivery of lifetime value to the customer i.e. looks at the products or services that customers NEED throughout their lives. ...
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...  Implications: may give away products for free (IM) ...
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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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