Target market analysis, Marketing Management

Assignment Help:

Starbucks has a wide range of target markets across the world. However, this might differ based on the usability level of the product. This project is designed targeting on the younger generations. The lunch pack that Starbucks will sell aims at delivering to the kids who take lunch boxes to the schools.

Primary target market

Primary target market refers to those specific groups of people who can greatly use the specific product and generate revenue to the company that sells it. The primary target market includes the kids in the environment where Starbucks promotes this product. The reason behind choosing the kids groups as the primary target markets for the lunch pack is the widespread usage among these kids. Kids generally carry lunch packs to schools. Parents might feel that the lunch pack of Starbucks would relieve them from preparing lunch and packing for their kids.

Secondary target market

The secondary target market would involve potential future buyers. In addition to the kids who carry lunch packs, there are other groups such as office going people and college going students. These groups do not seem to carry regularly to their institutions. However, they can even act as future buyers of the lunch pack.

This project solely aims at the promotion of the concept of "lunch pack of Starbucks" to kids. The market potential seems to be stronger for the kids groups.

Marketing plan

Type of target market

Size

Establishment

Growth levels

Primary - Kids

Large

Near schools and residential areas

High due to the presence of large number of kids and better awareness

Secondary - College students and employees who carry lunch packs

Medium

Residential areas and near organizations

High provided there are more varieties that would attract them.

Medium, if otherwise.


Related Discussions:- Target market analysis

Define product line and its strategies, Question 1 Describe the stages ...

Question 1 Describe the stages in consumer decision making process Question 2 Define Product line and its strategies Question 3 Write a short notes on Ste

Explain concept of product line and product mix, Question : (a) Describ...

Question : (a) Describe with examples the concept of product line and product mix. (b) Compare and contrast Reverse Positioning and Breakaway Positioning strategies. (c)

What is meant by knowledge management strategy, Question 1: (a) What is...

Question 1: (a) What is meant by knowledge management strategy? (b) Define the RICE model and explain how you would apply it in designing a knowledge management strategy for

Geographically concentrats buyer in business-consumer market, What are the ...

What are the roles of geographically concentrated buyers in business market and the consumer market? Geographically Concentrated Buyers: Many of the business concerns th

State the size and geographic dispersion of target audience, State the Size...

State the Size and Geographic Dispersionof target audience Final characteristic concerns the size and geographic dispersion of target audience. A consumer audience, often nati

Amazon, AMAZON internet marketing strategies.

AMAZON internet marketing strategies.

State the term product according to jerome mccarthy, State the term product...

State the term product according to Jerome McCarthy "A product is more than just a physical product with its associated functional and aesthetic features. It comprises accessor

What is maturity stage in marketing strategies, What is Maturity Stage in m...

What is Maturity Stage in marketing strategies? Maturity Stage: a. Try to convert non users in utilize of product. b. Enter latest market segments. c. Try to along

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd