What are the effectual needs to be target a market segment, Marketing Management

Assignment Help:

What are the effectual needs to be target a market segment?

To be an effectual target a market segment should be:

i. Identification: Marketers must be able to identify the relevant characteristics about product or services to separate the market within separate segments on basis of common requirement some segmentation variables as like geographical, demographics are easily identifiable or observable others as like education, marital and income, status can be determined by questioners.

ii. Sufficiency: For any type of market segment to be worldwide target this must have enough number of people constituting the segment of market.

iii. Stability: Many marketers prefer to target consumer segment which are relatively stable or growing or increasing larger query. They ignore ‘fickle’ segments which are unpredictable.

iv. Accessibility: Fourth need to effective targeting into accessibility that means which marketers must be capable to reach the market segment they want to target but within an economic way.


Related Discussions:- What are the effectual needs to be target a market segment

Explain about the direct-response media, Explain about the direct-response ...

Explain about the direct-response media In many cases direct-response media like direct mail, magazine inserts and television and print advertisements which use telephone numbe

Define the most important cost concepts, Problem 1: (a) Define the fou...

Problem 1: (a) Define the four most important cost concepts. (b) Describe clearly the statement, ‘Buyer and seller may have different perspectives on what price means'.

Developing the marketing mix factors, Question 1: After the market segm...

Question 1: After the market segmentation process has been completed, the organization should begin developing the marketing mix factors. Discuss. Question 2: Discuss

Explain bases for market segmentation, Question 1: (a) What is "consum...

Question 1: (a) What is "consumer behavior"? (b) List 7 characteristics of consumer behavior. Question 2: (a) Define "market segmentation". (b) List 4 bases for m

Buying and assembling in marketing, What is the function of exchange in buy...

What is the function of exchange in buying and assembling of marketing? Buying and Assembling in Marketing: Procurement of raw materials, finished or semi-finished product

What is line filling in product line, What is Line Filling in Product Line?...

What is Line Filling in Product Line? Line Filling: A product line can also be length though adding more items into present product range there are a few reasons for li

Marketing Mix, Marketing mix of Dettol Handwash

Marketing mix of Dettol Handwash

Marketing philosophies, the advandages and disadvantages of marketing philo...

the advandages and disadvantages of marketing philosophies.

Role of customer data for market, Gathering data depends on nature of data,...

Gathering data depends on nature of data, objective of the data collection and require information. By the help of proposed a new information system the objective is to collect

What is a consumer, Question :1 What is a consumer? List and describe t...

Question :1 What is a consumer? List and describe them. Question 2: Explain in your own words what the consumer wants? Also list the four principle factors at when exa

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