Target Market Essays

Cutepet Store

1. Who is the target market for CutePet Store? Why? Target Markets This analysis requires the marketing department to recognize the needs of various consumer and business groups. 1. Benefit sought- company marketers will identify the benefits customers 2. Methods of reaching markets – seeking and determine the various ways to reach customers. 3. Appeal to each market. 4. Needs not being met- needs and wants of individual groups 5. Demographic and psychographic profile of each market. (Promotion’ book) 1….

Read >>

Segmentation

Market segmentation is where marketers split the market into groups with similarities that would make it easy to target their product to the consumers, if they do not do this then they could waste money and time on targeting the wrong people. The company would be trying to maximise their sales so that they can gain as much money as possible. Using market segmentation could mean a business could gain a commercial advantage as they would be advertising to a…

Read >>

Boston Beer

1a. There are several reasons BBC should focus on the light beer market. It is true that their sales were decreasing from year to year but I think there is nothing wrong with the product itself. The problem is on the marketing and management system. It was proved from the result of the consumer taste survey. Most of people said that lightship beer had better taste, better color and smell compare to Bud light, Coors Light, and Amstel Light and…

Read >>

Examples of Target Market

According to Adventure Travel in Canada in 1993, 45% of adventure travelers in Manitoba were couples, while the second largest segment was friends with 29. 3%. Solo travelers, families, and businesses made up 15. 1%, 11. 4%, and 4. 7% respectively. The typical adventure traveler was predominantly male (54. 4%) between 19-34 years of age, with 30. 2% of customers traveling with friends or leisure groups. Climb Kenora Co. feels that the industry will continue to grow because rock climbing…

Read >>