Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Http www strategicbusinessinsights com vals surveynew shtml

29/10/2021 Client: muhammad11 Deadline: 2 Day

4.1 Targeted Marketing vs. Mass Marketing

Targeted marketing vs. mass marketing is a critical concept for you to understand. Take a few minutes to review this video that demonstrates the strength of target marketing in terms of reaching the right customers with the right message in the right media. If you have a dog, you might find yourself in one of these segments.

https://www.youtube.com/watch?time_continue=25&v=ecGFT-l1zVc

If you have a market that is large and homogenous, then you can be a mass marketer. One example might be salt, basically one product for anyone who wants it for the need to season food, which is a universal need.

Can you think of a mass-marketed product? What is it and why do you think it is mass marketed?

Required: Share your choice of a mass-marketed product with us in the Week 4 Discussion Forum, Topic 1: Mass-Marketed Products. You might want to comment on classmates' posts with your opinion as to whether they have selected a mass-marketed product, and if not, why you think their choice is actually a segmented market.

The topic of segmentation always brings up the highly controversial subject of consumer privacy. Check out this video created by the American Civil Liberties Union in an effort to warn consumers about the information being collected about them.

https://youtu.be/OnuH-yO0BJE

Do you think the video is far-fetched? Or do you think consumers should be alarmed? In your opinion, do the potential benefits of these databases exceed the potential downside?

4.2 How Markets are Segmented

Segmenting markets is difficult and often requires marketing research to find out how consumers think, behave, and basic information such as age, gender, etc. Therefore, defining market segments is aided with the generic segmentation bases, behaviors, demographics, geographics, and psychographics. Be sure to understand this as it is discussed in the Week 4 readings. Also understand that these are generic categories, not segments themselves. Within each of the generic bases are a number of variables from which marketers can choose which ones are relevant for a usable market segment.

All of a company's marketing mix should focus on the market segment, now called a target market. In other words, the offering should be what the target market wants, where it wants it, how much it wants to pay for it, and how the company communicates with the target market. If done right, we can usually determine the characteristics of a target market by analyzing the advertising.

Your job in this learning activity is to find an ad, print or TV, and tell us who you think is the target market. The hints are in the type of music used, the spokesperson's persona, the approach to the marketing communications message, the types of people used in the ad, the words chosen for the ad, etc. All this should tell you to whom the marketing communications is intended to influence.

Here's a link to the top ads for 2013–2014 as chosen by Ad Week, the industry trade publication.

http://www.adweek.com/news/advertising-branding/worlds-26-best-commercials-2013-14-158533

First thing you'll notice is that most of them are foreign, most of them tell a story, and most of them don't even mention the advertiser until the end. You can choose your print or broadcast ad from one of these. Or, search youtube.com for your favorite commercial.

If you find your own ad to analyze, be sure to embed or link it when you post it to the Discussion Forum. Then identify at least three of the characteristics you think comprise the target market. Make your choices using Table 4.1 from the main text as your framework. But, don't merely say demographic/age. Tell us what age, or psychographic/values. Specifically note the value such as family or thrifty.

Then, take a look at some classmates' posts. Are you seeing similarities that put you in the same market segment, or are there other market segments that seem to be emerging from our course population?

Required: Share your findings in the Week 4 Discussion Forum, Topic 2: Analysis of Market Segments.

Since market research is so expensive, there are a few shortcuts because some consulting firms have done the work already, and they market their findings to companies. One of these is Claritas, which runs a continuous study of consumers like you. In fact, you can participate in the survey by following this link:

http://www.strategicbusinessinsights.com/vals/surveynew.shtml

All data collected in the VALS survey is used to categorize consumers into one of several market segments.

After you take the quiz, it will tell you your primary and secondary "type." You can click on the VALS type to read more about yourself and your consumer behaviors.

It may not be 100 percent accurate for you, but if you took the survey seriously, chances are better than good that it describes you relatively precisely.

Finally, since geography plays a unique role in defining customers, that may be the only variable a company needs for an effective market segment. See how it works at the following link:

http://www.nielsen.com/us/en/solutions/segmentation.html

You can look yourself up by zip code and read about yourself and your neighbors.

4.4 Positioning and Repositioning Offerings

Mature products sometimes need to be repositioned. Finding a new need for an existing product is usually a reason for repositioning. Many years ago, Arm & Hammer baking soda found a new market by repositioning the product for those wanting a clean-smelling refrigerator. The company did a similar repositioning when offering the product as a teeth whitener.

Can you think of an existing product that has been repositioned by finding a new market with a different need than the original product?

Required: Discuss your choice in the Week 4 Discussion Forum under Topic 3: Repositioning. See if you can add some insight into your classmates' posts as well.

To further your understanding on this topic, listen to this audio clip for some career advice from Apurva Ghelani, a senior sales engineer for Air2Web, a company that helps businesses root their brands and conduct transactions with people via their mobile phone.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Mentor
Calculation Guru
Premium Solutions
Top Class Results
Smart Accountants
Financial Assignments
Writer Writer Name Offer Chat
Academic Mentor

ONLINE

Academic Mentor

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$34 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$18 Chat With Writer
Premium Solutions

ONLINE

Premium Solutions

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$38 Chat With Writer
Top Class Results

ONLINE

Top Class Results

I am an elite class writer with more than 6 years of experience as an academic writer. I will provide you the 100 percent original and plagiarism-free content.

$30 Chat With Writer
Smart Accountants

ONLINE

Smart Accountants

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$36 Chat With Writer
Financial Assignments

ONLINE

Financial Assignments

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$33 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Cube root of 33 - Economic Evaluations of Health Programs - Bob rowten city bank mortgage - What is the capella capstone project - Discuss why EBP is an essential component of the practice of a BSN-prepared RN - Business law - The leadership experience 6th edition answers - Short Journal - Sample case study assignment - Healthcare assignment writing service - Rhetorical analysis of a public document - How does a franchise work ppt - W3D1 - Care certificate standard 4 - Ethical hacking - Assignment emerging threats - ________ is goodness put into action. - Mlk the purpose of education rhetorical analysis - 27 stonebridge rise epping - Missing autistic boy casper wy - Pine needle cross section labeled - Ati active learning template therapeutic procedure - Reflective Analysis: Risk Management and the Role of Managed Care - Cece frey net worth - Given two tables employee and department - Operationalised independent variable example - What is an associative entity - Macbeth act 1 scene 3 - College athletes should not be paid speech outline - Growth pole theory in regional planning ppt - What is a critical thinking assignment - Map of viking homelands and settlements - The system for grouping businesses that grew out of the nafta accord is known as the: - North tees hospital wards - Case problem 1 pelican stores managerial report - Chcics304b work effectively with carers - 29 ancora imparo way - Isbn 13 978 1496300232 - Electronic Cigarettes Scenario - A head start currumbin - Sample soap note for abdominal pain - The solubility of acetanilide in your recrystallizing solvent is - Phoenix affirmations study guide - Oraganization leadership - NUR 2 - A death in peking who killed pamela werner - Software comparison document template - The interlopers by saki - Dean woodcock neuropsychological battery dwnb houghton mifflin harcourt - Module 26106 14 exam answers - Writing an affidavit for a friend - Correction to my previous email - An ophthalmoscopic eye examination involves - Sap ecc 6.0 modules diagram - Bachelor of nursing acu atar - Sua accounting project help - Chemistry - Barbara bright is the purchasing agent for west - Checking oil pressure on semi hermetic compressor - Alice walker everyday use discussion questions answers - Access grader project chapter 2 - The representative firm in a purely competitive industry: - Alexander Stephens on the Confederacy’s Corner-Stone - Seismic refraction method ppt - Beuracracy - Gibbs model of reflection example - North central university msw - Bobby van jaarsveld music videos - Portfolio - Electrolytic capacitor leakage current formula - RTI, MTSS, and Special Education Identification Processes - Explain why most trade occurs because of comparative advantage - Justice crew casada song - Discharge through venturimeter formula - Reading Assignment - Botany bay school excursion - Global supply chain management simulation v2 - I need 7 to 8 pages of literature review with double space - Description of a park in winter - How to make oxygen gas in laboratory - Www heronsgate greenwich sch uk - Hershey company 2009 case study solution - 63 divided by 4 - Best temporary fencing for horses - Business Research Proposal Topic Selection, Justification and Presentation - Accounting chapter 9 answer key - What is a teaching philosophy statement samples - Essay on library annual report - Lutron qs programming guide - Rcbs case trimmer collet chart - Accounting services east london - Vector addition experiment lab report - Dr strangelove or borat crossword - In a fractionating column what process is caused by heating - Answer the survey Quations .short 3 answers - Biogeochemical cycles stations activity - Todaiji temple ap art history - Everest double glazing advert presenter - Speed control of dc shunt motor experiment - Skylogger cheap flights