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Marketing & Sales - Stevens Institute of Technology
Marketing & Sales - Stevens Institute of Technology

... Final Exam on Product Launch (Emotiv) ...
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Market Segmentation, Targeting and Positioning - Marketing

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... Direct Marketing Defined The total of activities by which the seller directs efforts to a target audience using one or more media for the purpose of soliciting a response by phone, mail, or personal visit from a prospect or customer ...
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... advantages to meet its objectives – Consists of • The selection and analysis of a target market • The creation and maintenance of an appropriate marketing mix (a combination of product, price, distribution, and promotion developed to satisfy a particular target market) ...
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... • Market Penetration: increase sales to present customers with current products. How? Cut prices, increase advertising, get products into more stores. • Market Development: develop new markets with current products. How? Identify new demographic or geographic markets. ...
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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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