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Few companies have either the resources or the will to operate in all, or even most, of the more than 170 countries that dot the globe.
Consumer and business marketers use many of the same variables to segment their markets. Business buyers segment geographically or by benefits sought, user status, usage rate, loyalty status, readiness state and attitudes.
As a direct challenge to the socioeconomic classification system, the ACORN (A Classification Of Residential Neighbourhoods) system was developed by the CACI Market Analysis Group.
There is no single way to segment a market. A marketer has to try different segmentation variables, alone and in combination, Co find Che best way Co view the market structure.
Several technologies have converged in recent years to allow companies in a wide range of industries to treat large numbers of customers as unique ‘markets of one’.
Markets consist of buyers, and buyers differ in one or more ways. They may differ in their wants, resources, locations, buying attitudes and buying practices.
Organizations that sell to consumer and business markets recognize that they cannot appeal to all buyers in those markets, or at least not to all buyers in the saint way.
PROCTER & GAMBIA is THE market leader in the United States and the European detergent markets. In the United Ktat.es it markets nine brands of laundry detergent (Tide, Cheer, Gain, Dasb, Bold 3, Dreft, Ivory Snow, Oxydol and Era).
Marketing Mix The Ballygowan company next needed to know the impact of the brand name, label design, price, positioning and advertising options on Kisqua’s branding strategy. A further question was the reason for people’s preference...
IN JANUARY 1991 GEOFF READ, managing director of Ballygowan Spring Water Company, had to make a decision that could alter the whole direction of the company. Since August 1988 the management team had shaped a strategy to launch a drink to develop...