Business Essentials (11th Edition)
Business Essentials (11th Edition)
11th Edition
ISBN: 9780134129969
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
Question
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Chapter 11, Problem 11.32C
Summary Introduction

Case summary:

Company PG has dominated in the shaving section. It owns the global brands in the shaving section. Even though Company PG is selling its products in more than 180 countries, Country U is the leading market. Country U provide more than 60 percent of their annual profits and more than 35 percent of their products are sold in Country U. There is a reduction in middle-class purchasing power when the recession began in 2008.

The price of the food, education, and gasoline has increased. However, there is no change in their wage. It is the time when they revised their target market. They have started concentrating on ten product categories which include 65 brands. Their new product development is affected.

To determine: The roles of target marketing and market segmentation.

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Students have asked these similar questions
Explain the target marketing process and state why marketers tend to choose the target marketing process as against mass marketing and mass customization
What are the current needs of each target market? Describe the target market in terms of demographic, geographic, psychographic, and product-usage characteristics. What changes in the target market are nanticipated?
What is a target marketing strategy?
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