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PRINCIPLESOFMARKETING,16EKOTLERCHAPTER7CUSTOMERDRIVENMARKETINGSTRATEGYCREATINGVALUEFORTARGETCUSTOMERS1_CONSISTSOFEVALUATINGEACHMARKETSEGMENTSATTRACTIVENESSANDSELECTINGONEORMORESEGMENTSTOENTERAPOSITIONINGBMASSCUSTOMIZATIONCMARKETTARGETINGDMARKETSEGMENTATIONEDIFFERENTIATIONANSWERCSKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY2_INVOLVESDIVIDINGAMARKETINTOSMALLERSEGMENTSOFBUYERSWITHDISTINCTNEEDS,CHARACTERISTICS,ORBEHAVIORSTHATMIGHTREQUIRESEPARATEMARKETINGSTRATEGIESORMIXESAMASSCUSTOMIZATIONBMARKETTARGETINGCMARKETSEGMENTATIONDDIFFERENTIATIONEPOSITIONINGANSWERCSKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY3_INVOLVESACTUALLYDISTINGUISHINGTHEFIRMSMARKETOFFERINGTOCREATESUPERIORCUSTOMERVALUEAMASSCUSTOMIZATIONBDIFFERENTIATIONCMARKETSEGMENTATIONDDIVERSIFYINGETARGETINGANSWERBSKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY4WHENMARKETERSATFAIRDIVERSEANDMULTICULTURALWORKENVIRONMENTSSKILLAPPLICATIONOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYMODERATE5_CONSISTSOFARRANGINGFORAMARKETOFFERINGTOOCCUPYACLEAR,DISTINCTIVE,ANDDESIRABLEPLACERELATIVETOCOMPETINGPRODUCTSINTHEMINDSOFTARGETCONSUMERSAMASSCUSTOMIZATIONBPOSITIONINGCSEGMENTATIONDDIFFERENTIATIONETARGETINGANSWERBAACSBANALYTICALTHINKINGSKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY6MASSMARKETINGINVOLVESIDENTIFYINGMARKETSEGMENTS,SELECTINGONEORMOREOFTHEM,ANDDEVELOPINGPRODUCTSANDMARKETINGPROGRAMSTAILOREDTOEACHANSWERFALSESKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY7THECUSTOMERDRIVENMARKETINGSTRATEGYINVOLVESFOURSTEPSMARKETSEGMENTATION,MARKETTARGETING,POSITIONING,ANDDIFFERENTIATIONANSWERTRUESKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY8WHATISDIFFERENTIATIONANSWERDIFFERENTIATIONREFERSTODIFFERENTIATINGTHEMARKETOFFERINGTOCREATESUPERIORCUSTOMERVALUESKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYEASY9EXPLAINTHEFOURMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYANSWERTHEFIRSTSTEPISMARKETSEGMENTATIONDIVIDINGAMARKETINTOSMALLERGROUPSOFBUYERSWITHDISTINCTNEEDS,CHARACTERISTICS,ORBEHAVIORS,WHOMIGHTREQUIRESEPARATEPRODUCTSORMARKETINGMIXESTHECOMPANYIDENTIFIESDIFFERENTWAYSTOSEGMENTTHEMARKETANDDEVELOPSPROFILESOFTHERESULTINGMARKETSEGMENTSTHESECONDSTEPISMARKETTARGETINGEVALUATINGEACHMARKETSEGMENTSATTRACTIVENESSANDSELECTINGONEORMOREOFTHEMARKETSEGMENTSTOENTERTHETHIRDSTEPISDIFFERENTIATIONACTUALLYDIFFERENTIATINGTHEFIRMSMARKETOFFERINGTOCREATEASUPERIORCUSTOMERVALUEFINALLY,THELASTSTEPISMARKETPOSITIONINGARRANGINGFORAMARKETOFFERINGTOOCCUPYACLEAR,DISTINCTIVE,ANDDESIRABLEPLACERELATIVETOCOMPETINGPRODUCTSINTHEMINDSOFCONSUMERSAACSBAPPLICATIONOFKNOWLEDGEWRITTENANDORALCOMMUNICATIONSKILLCONCEPTOBJECTIVELO71DEFINETHEMAJORSTEPSINDESIGNINGACUSTOMERDRIVENMARKETINGSTRATEGYMARKETSEGMENTATION,TARGETING,DIFFERENTIATION,ANDPOSITIONINGDIFFICULTYMODERATE10_CALLSFORDIVIDINGTHEMARKETINTOREGIONS,STATES,COUNTIES,CITIES,OREVENNEIGHBORHOODSABENEFITSEGMENTATIONBGEOGRAPHICSEGMENTATIONCDEMOGRAPHICSEGMENTATIONDPSYCHOGRAPHICSEGMENTATIONEOCCASIONSEGMENTATIONANSWERBSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY11“MANYCOMPANIESTODAYARELOCALIZINGTHEIRPRODUCTS,ADVERTISING,PROMOTION,ANDSALESEFFORTSTOFITTHENEEDSOFINDIVIDUALREGIONS,CITIES,ANDNEIGHBORHOODS“THISISANEXAMPLEOF_AGEOGRAPHICSEGMENTATIONBPRODUCTDIVERSIFICATIONCBRANDINGDPSYCHOGRAPHICSEGMENTATIONEDEMOGRAPHICSEGMENTATIONANSWERAAACSBAPPLICATIONOFKNOWLEDGESKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE12_SEGMENTATIONDIVIDESTHEMARKETINTOSEGMENTSBASEDONVARIABLESSUCHASAGE,LIFECYCLESTAGE,GENDER,INCOME,OCCUPATION,EDUCATION,RELIGION,ETHNICITY,ANDGENERATIONAGEOGRAPHICBBENEFITCOCCASIONDPSYCHOGRAPHICEDEMOGRAPHICANSWEREAACSBDIVERSEANDMULTICULTURALWORKENVIRONMENTSSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY13DELTAMOTORWORKSMARKETSITSCARSBASEDONTHEAGE,GENDER,ANDINCOMEOFITSCUSTOMERSWHICHOFTHEFOLLOWINGTYPESOFMARKETSEGMENTATIONISEVIDENTHEREAGEOGRAPHICSEGMENTATIONBBENEFITSEGMENTATIONCOCCASIONSEGMENTATIONDDEMOGRAPHICSEGMENTATIONEPSYCHOGRAPHICSEGMENTATIONANSWERDAACSBAPPLICATIONOFKNOWLEDGESKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE14ACOMPANYSELLINGCHILDCAREPRODUCTSRANATELEVISIONADDEPICTINGWOMENASBEINGPRIMARILYRESPONSIBLEFORCHILDCAREMANYWOMENVIEWERSCONSIDEREDTHISREGRESSIVE,ALLEGINGTHATTHEADFAILEDTORECOGNIZETHEMUCHMOREDIVERSIFIEDROLEOFWOMENINTODAYSWORLDTHISISANEXAMPLEOF_ACAUSEMARKETINGBSTEREOTYPINGCNICHEMARKETINGDSCAPEGOATINGEPOSITIONINGANSWERBAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE15_SEGMENTATIONHASLONGBEENUSEDINCLOTHING,COSMETICS,TOILETRIES,ANDMAGAZINESABEHAVIORALBGENDERCBENEFITDOCCASIONEGEOGRAPHICANSWERBSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY16GILRONHOLIDAYSRUNSAPREMIUMMEMBERSHIPCLUBTHATCATERSTOCUSTOMERSWHOSEANNUALSALARYEXCEEDS100,000MEMBERSOFTHISCLUBAREOFFEREDSEASONALDISCOUNTSONSELECTLUXURYHOTELSINSELECTCITIESWORLDWIDEGILRONHOLIDAYSMOSTLIKELYFOLLOWSAN_SEGMENTATIONAPPROACHAGENDERBINCOMECOCCASIONDBENEFITEGEOGRAPHICANSWERBAACSBAPPLICATIONOFKNOWLEDGESKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE17_SEGMENTATIONDIVIDESBUYERSINTODIFFERENTSEGMENTSBASEDONSOCIALCLASS,LIFESTYLE,ORPERSONALITYCHARACTERISTICSABENEFITBOCCASIONCGEOGRAPHICDDEMOGRAPHICEPSYCHOGRAPHICANSWERESKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY18MARKETERSWHOUSE_OFTENSEGMENTTHEIRMARKETSBYCONSUMERLIFESTYLESANDBASETHEIRMARKETINGSTRATEGIESONLIFESTYLEAPPEALSADEMOGRAPHICSEGMENTATIONBGEOGRAPHICSEGMENTATIONCBENEFITSEGMENTATIONDPSYCHOGRAPHICSEGMENTATIONEOCCASIONSEGMENTATIONANSWERDSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE19_SEGMENTATIONDIVIDESBUYERSINTOSEGMENTSBASEDONTHEIRKNOWLEDGE,ATTITUDES,USES,ORRESPONSESCONCERNINGAPRODUCTABEHAVIORALBPSYCHOGRAPHICCAGEANDLIFECYCLEDGENDEREGEOGRAPHICANSWERASKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY20_SEGMENTATIONREFERSTODIVIDINGTHEMARKETINTOSEGMENTSACCORDINGTOOCCASIONSWHENBUYERSGETTHEIDEATOBUY,ACTUALLYMAKETHEIRPURCHASE,ORUSETHEPURCHASEDITEMAGENDERBPSYCHOGRAPHICCOCCASIONDGEOGRAPHICEINCOMEANSWERCSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY21MALCOLMSANDERS,AGRADUATESTUDENTFROMBOSTON,MAKESCUSTOMIZEDSNOWBOARDSFORLOCALSNOWBOARDINGENTHUSIASTSTHEDEMANDFORSNOWBOARDSPEAKSDURINGTHEWINTERMONTHS,ABUSYTIMEFORMALCOLMHEADVERTISESMOREAGGRESSIVELYANDSELLSMOSTOFHISSNOWBOARDSAROUNDTHISTIMEWHICHMARKETSEGMENTATIONAPPROACHDOESMALCOLMMOSTLIKELYUSEAGENDERSEGMENTATIONBPSYCHOGRAPHICSEGMENTATIONCOCCASIONSEGMENTATIONDGEOGRAPHICSEGMENTATIONEAGEANDLIFECYCLESEGMENTATIONANSWERCAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE22_REQUIRESFINDINGTHEMAJORADVANTAGESPEOPLELOOKFORINAPRODUCTCLASS,THEKINDSOFPEOPLEWHOLOOKFOREACHPOSITIVEASPECTOFAPRODUCT,ANDTHEMAJORBRANDSTHATDELIVERITAGENDERSEGMENTATIONBPSYCHOGRAPHICSEGMENTATIONCBENEFITSEGMENTATIONDGEOGRAPHICSEGMENTATIONEAGEANDLIFECYCLESEGMENTATIONANSWERCAACSBANALYTICALTHINKINGSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY23CALYPSOMOTORSRECENTLYROLLEDOUTITSPROTEUSHATCHBACKPROTEUSCOMBINESTHEATTRACTIVENESSOFALUXURYCARWITHTHEEXCELLENTAGILITYOFASPORTSCARCALYPSOMOTORSISCONFIDENTTHATPROTEUSWILLAPPEALTOBOTHSPORTSCARENTHUSIASTSASWELLASTHELUXURYSEGMENTWHICHOFTHEFOLLOWINGTYPESOFMARKETSEGMENTATIONISEVIDENTHEREAGENDERSEGMENTATIONBINCOMESEGMENTATIONCBENEFITSEGMENTATIONDGEOGRAPHICSEGMENTATIONEAGEANDLIFECYCLESEGMENTATIONANSWERCAACSBAPPLICATIONOFKNOWLEDGESKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE24WHICHOFTHEFOLLOWINGREFERSTOABEHAVIORALSEGMENTATIONVARIABLETHATINVOLVESSEGMENTINGMARKETSINTONONUSERS,EXUSERS,POTENTIALUSERS,FIRSTTIMEUSERS,ANDREGULARUSERSOFAPRODUCTAUSERSTATUSBUSAGERATESCGENDERSTATUSDINCOMESTATUSELOYALTYSTATUSANSWERAAACSBAPPLICATIONOFKNOWLEDGESKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY25INTHECONTEXTOFBEHAVIORALSEGMENTATION,WHOAMONGTHEFOLLOWINGISAPOTENTIALUSERAANITA,WHORECENTLYHADABABYBPETER,WHORECENTLYCHANGEDHISJOBCMARY,WHOENROLLEDASAGRADUATESTUDENTINAUNIVERSITYLASTYEARDGINA,WHOOPENEDADENTALCLINICINORANGECOUNTYERAJ,WHOISPLANNINGATRIPTOHAWAIIWITHFRIENDSANSWERAAACSBANALYTICALTHINKINGSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE26INTHECONTEXTOFBEHAVIORALSEGMENTATION,MARKETSSEGMENTEDBY_CANBECATEGORIZEDINTOLIGHT,MEDIUM,ANDHEAVYPRODUCTUSERSABENEFITSSOUGHTBLOYALTYSTATUSCUSAGERATEDUSERSTATUSEOCCASIONANSWERCSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY27ARECENTSTUDYCONDUCTEDBYESTELLECOSMETICSCOMPANYSHOWEDTHATHEAVYUSERSOFESTELLESPRODUCTSCOMPRISEASMALLPERCENTAGEOFTHEMARKETTHESTUDYINDICATEDTHATLESSTHAN7PERCENTOFALLSHOPPERSBUYNEARLY71PERCENTOFESTELLESPRODUCTSINTHEUNITEDSTATESTHISISANEXAMPLEOF_ABENEFITSEGMENTATIONBSEGMENTATIONBYLOYALTYSTATUSCSEGMENTATIONBYUSAGERATEDPSYCHOGRAPHICSEGMENTATIONEOCCASIONSEGMENTATIONANSWERCAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE28CONSUMERSWHOSHOWTHEIRALLEGIANCETOBRANDS,STORES,ORCOMPANIESHELPMARKETERSTOSEGMENTCONSUMERSBYTHEIR_AUSERSTATUSBDEGREEOFLOYALTYCINCOMEDGEOGRAPHICLOCATIONEBENEFITSEEKINGATTITUDESANSWERBSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY29WHICHOFTHEFOLLOWINGISTRUEABOUTBEHAVIORALSEGMENTATIONONTHEBASISOFTHELOYALTYVARIABLEACONSUMERSTENDTOPAYMOREFORPRODUCTSTHATARETARGETEDATTHEIRRESPECTIVEAGEGROUPORGENERATIONBBYLOOKINGATCUSTOMERSWHOARESHIFTINGAWAYFROMITSBRAND,ACOMPANYCANLEARNABOUTITSMARKETINGWEAKNESSESANDTAKEACTIONSTOCORRECTTHEMCHIGHLYLOYALCUSTOMERSOFABRANDARELESSLIKELYTOENGAGEINWORDOFMOUTHPUBLICITYTHANTHOSEWHOARENOTDCOMPLETELYLOYALCUSTOMERSOFABRANDARETYPICALLYLOYALTOTWOORTHREEBRANDSOFAGIVENPRODUCTEONLYCONSUMERSWHOSEEKPREMIUMORLUXURYSERVICESARESUBJECTEDTOBEHAVIORALSEGMENTATIONBASEDONTHELOYALTYVARIABLEANSWERBAACSBANALYTICALTHINKINGSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE30WHICHOFTHEFOLLOWINGISTRUEABOUTMULTIVARIABLESEGMENTATIONSYSTEMSAMARKETERSUSINGMULTIPLESEGMENTATIONBASESTENDTOIGNORESMALLERMARKETSBMARKETERSOFTENUSEMULTIPLESEGMENTATIONBASESTOCONTROLINFLATIONCMULTIPLESEGMENTATIONRARELYINVOLVESTHEUSEOFDEMOGRAPHICDATADMULTIPLESEGMENTATIONISINEFFECTIVEINLARGEMARKETSEMULTIPLESEGMENTATIONBASESHELPIDENTIFYSMALLER,BETTERDEFINEDTARGETGROUPSANSWEREAACSBAPPLICATIONOFKNOWLEDGESKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE31WHICHOFTHEFOLLOWINGISNOTACOMMONVARIABLEUSEDBYBOTHCONSUMERANDBUSINESSMARKETERSWHILESEGMENTINGMARKETSAOPERATINGCHARACTERISTICSBLOYALTYSTATUSCUSAGERATEDGEOGRAPHICLOCATIONEBENEFITSSOUGHTANSWERAAACSBANALYTICALTHINKINGSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY32_SEGMENTATIONASSUMESTHATNATIONSCLOSETOONEANOTHERWILLHAVEMANYCOMMONTRAITSANDBEHAVIORSAGEOGRAPHICBOCCASIONCPSYCHOGRAPHICDBENEFITEDEMOGRAPHICANSWERASKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE33DOUBLEDRILLINCSEGMENTSITSFOREIGNMARKETSBYPERCAPITAINCOMETHISFIRMSEGMENTSTHEINTERNATIONALMARKETSBASEDON_APOLITICALFACTORSBLEGALFACTORSCGEOGRAPHICLOCATIONDECONOMICFACTORSECULTURALFACTORSANSWERDAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY34PACIFICFISHERIESDIVIDESITSCUSTOMERSINTODIFFERENTREGIONALUNITS,SUCHASASIA,AUSTRALIA,ANDTHEAMERICASTHISISANEXAMPLEOF_SEGMENTATIONADEMOGRAPHICBPSYCHOGRAPHICCGEOGRAPHICDOCCASIONEBENEFITANSWERCAACSBANALYTICALTHINKINGDIVERSEANDMULTICULTURALWORKENVIRONMENTSSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE35MARKETERSOFTENSEGMENTINTERNATIONALMARKETSACCORDINGTOTHETYPEANDSTABILITYOFGOVERNMENTINSUCHINSTANCES,THEYSEGMENTMARKETSBASEDON_AGEOGRAPHICLOCATIONBECONOMICFACTORSCCULTURALFACTORSDPOLITICALFACTORSESOCIOCULTURALFACTORSANSWERDAACSBDIVERSEANDMULTICULTURALWORKENVIRONMENTSSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE36WHICHOFTHEFOLLOWINGREFERSTOACULTURALFACTORINTHECONTEXTOFSEGMENTINGINTERNATIONALMARKETSARECEPTIVITYOFFOREIGNFIRMSBECONOMICDEVELOPMENTOFTHECOUNTRYCPOPULATIONINCOMELEVELSDSTABILITYOFTHEGOVERNMENTEVALUESANDATTITUDESANSWEREAACSBDIVERSEANDMULTICULTURALWORKENVIRONMENTSSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE37USING_SEGMENTATION,MARKETERSFORMSEGMENTSOFCONSUMERSWHOHAVESIMILARNEEDSANDBUYINGBEHAVIORSEVENTHOUGHTHEYARELOCATEDINDIFFERENTCOUNTRIESAPSYCHOGRAPHICBDEMOGRAPHICCOCCASIONDBENEFITEINTERMARKETANSWEREAACSBDIVERSEANDMULTICULTURALWORKENVIRONMENTSSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY38ORIONINCMARKETSLUXURYWATCHESITTARGETSTHEWEALTHYGLOBALELITESEGMENT,REGARDLESSOFTHEIRGEOGRAPHICLOCATIONORIONMOSTLIKELYUSES_SEGMENTATIONAINCOMEBAGEGROUPCOCCASIONDBENEFITECROSSMARKETANSWEREAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE39TEENMANIAINC,ACOMPANYMARKETINGADVENTURESPORTSMERCHANDISEFORTEENAGERS,TARGETSTHEWORLDSTEENAGERS,WHOHAVESIMILARNEEDSANDBUYINGBEHAVIOREVENTHOUGHTHEYARELOCATEDINDIFFERENTCOUNTRIESWHICHOFTHEFOLLOWINGMARKETSEGMENTATIONISEVIDENTHEREAINCOMESEGMENTATIONBPSYCHOGRAPHICSEGMENTATIONCGENDERSEGMENTATIONDINTERMARKETSEGMENTATIONEOCCASIONSEGMENTATIONANSWERDAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE40ANAMERICANCOLAMANUFACTURINGCOMPANYTHATPRIMARILYTARGETSREBELLIOUSANDADVENTUROUSPEOPLEMOSTLIKELYUSES_SEGMENTATIONAOCCASIONBGEOGRAPHICCINCOMEDBENEFITEPSYCHOGRAPHICANSWEREAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE41VENUSINC,ACOMPANYDESIGNINGANDMARKETINGBRANDEDDIAMONDJEWELRY,TARGETSWEALTHYCONSUMERSWITHSIMILARNEEDSANDBUYINGBEHAVIORS,EVENTHOUGHTHECONSUMERSARELOCATEDINDIFFERENTCOUNTRIESTHISISANEXAMPLEOF_SEGMENTATIONAINTERMARKETBLOYALTYCLIFECYCLEDINCOMEEPSYCHOGRAPHICANSWERAAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE42PAPILLON,APOPULARRETAILEROFCHICWOMENSCLOTHING,SEGMENTSITSMARKETACCORDINGTOCONSUMERLIFESTYLESPAPILLONMOSTLIKELYUSES_SEGMENTATIONFORSEGMENTINGITSMARKETAGEOGRAPHICBPSYCHOGRAPHICCBENEFITDAGEANDLIFECYCLEEOCCASIONANSWERBAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE43WHENTHESIZE,PURCHASINGPOWER,ANDPROFILEOFAMARKETSEGMENTCANBECALCULATED,THEMARKETIS_AMEASURABLEBPROFITABLECSUBSTANTIALDACTIONABLEECOMPETITIVEANSWERASKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY44AMARKETSEGMENTTHATISLARGEENOUGHORPROFITABLEENOUGHTOSERVEIS_AMEASURABLEBACCESSIBLECSUBSTANTIALDPROFITABLEEDIFFERENTIABLEANSWERCSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY45WHENANEFFECTIVEPROGRAMCANBEDESIGNEDFORATTRACTINGANDSERVINGAPARTICULARSEGMENT,THESEGMENTISBESTDESCRIBEDAS_AACCESSIBLEBMEASURABLECCOMPETITIVEDACTIONABLEEDIFFERENTIABLEANSWERDSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY46BAILEYSBURGERSPROMOTESTHEBAILEYSJUMBOBURGERASAFUNSNACKFORTEENSANDYOUNGADULTSINTHISINSTANCE,BAILEYSBURGERSISPRACTICING_SEGMENTATIONABENEFITBAGEANDLIFECYCLECPSYCHOGRAPHICDGEOGRAPHICEGENDERANSWERBAACSBANALYTICALTHINKINGSKILLAPPLICATIONOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYMODERATE47_SEGMENTSARECONCEPTUALLYDISTINGUISHABLEANDRESPONDDIFFERENTLYTODIFFERENTMARKETINGMIXELEMENTSANDPROGRAMSACOMPLEXBMEASURABLECCOMPETITIVEDDIFFERENTIABLEEHOMOGENEOUSANSWERDSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY48MARKETSEGMENTSTHATCANBEEFFECTIVELYREACHEDANDSERVEDARE_AMEASURABLEBACCESSIBLECSUBSTANTIALDACTIONABLEEPROFITABLEANSWERBSKILLCONCEPTOBJECTIVELO72LISTANDDISCUSSTHEMAJORBASESFORSEGMENTINGCONSUMERANDBUSINESSMARKETSDIFFICULTYEASY49DIFFERENTSOFTDRINKSTARGETDIFFERENTPERS
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