Marketing
14th Edition
ISBN: 9781259924040
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 1AMK
Summary Introduction
To discuss: The variables that may be utilized to segment the consumer markets a) lawn mowers, b) dry breakfast cereals, c) frozen dinners, and d) soft drinks.
Introduction:
Marketing is an activity in which set of institutions are created, communicated, delivered and exchanged so that value can be added for the customers and other clients as a whole.
Expert Solution & Answer
Explanation of Solution
- a) Lawn mowers: Kind (powered, non-powered, sitting, gas, walking, electric, robotic), lawn (kinds-field, yard; area-square footage), or location (suburban, rural, city).
- b) Frozen dinners: Ethnic kind, size of the family, price (regular, budget), cooking (oven, microwave), health consciousness (low carb, low fat) or price (generic, branded).
- c) Dry breakfast cereals: Age (adult, teenager, child); health consciousness (vitamins, low carb, “heart healthy”), or cost (generic, branded).
- d) Soft drinks: Flavor and type (noncola, cola); health consciousness (low carb, vitamins, fitness, sugar-free), or cost (generic, branded).
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Find words which mean the following.
1 a company's sales expressed as a percentage of the total market
2 short-term tactics designed to stimulate stronger sales of a product
3 the situation in which there is only one seller of a product
4 companies offering similar goods or services to the same set of customers
5 a short and easily memorized phrase used in advertising
6 the division of a market into submarkets according to the needs or buying habits of different groups of potential customers
7 a small and specific market segment
8 a factor which makes you superior to competitors in a certain respect
9 a business's total sales revenue
10 a period during which an economy is working below its potential
Describe is the difference of Subway Fast food chain from the competition in market. You may select an attribute important to the consumers and elaborate why you use this product or avail this service.
Next, describe a main target market and discuss why they are the appropriate segment to target.
Expound what you think is the value proposition of your chosen product or service.
What are the characteristics (e.g., age, income, education) of the target market customers for the following products or services? (a) National Geographic magazine, (b) Chobani Greek Yogurt, (c) New York Giants football team, and (d) Facebook.
Knowledge Booster
Similar questions
- Which of the following would most likely benefit from being categorized as segmentation by product usage? Protection services Fast food restaurant Silicon Valley Dairy farmers.arrow_forward1. Market segmentation of food product in marketing. 2. Market targeting of food product in marketing.arrow_forwardWhat is the range of the target market?arrow_forward
- You are considering setting up a take-away in your community in the area in which you live, using the 4 P’s discuss how you would market each stage of the take away considering there is another take-away in that area.arrow_forward1.Discuss the differences between the absolute threshold and differential threshold. Which one is more important to marketers?arrow_forwardhow can a product/service satisfy a need or want for a consumer. for example an iPhonearrow_forward
- Describe further the difference of Subway Fast food resto from the competition. Please also select an attribute important to the consumers (you are also a customer) and elaborate why you use this product or avail this service. Provide a particular target market and elaborate why they are the appropriate segment to target to. Explain well if what you think is the value proposition of your chosen product or service.arrow_forwardThe consumer: describe the target market profile. Product: iBasket - Guopeng Liang Guopeng Liang target market profile focus on as below – Demographic: Age, city or region of residence, gender, race, ethnicity, or household composition. Socioeconomic: Income, educational attainment, occupation, neighbourhood, or association memberships. Brand affinity/product usage: Product engagement, purchasing history, or level of brand loyalty. Psychographics: Lifestyles, life stage, personality, attitudes, opinion, or voting behaviour. Generation: Specific generation cohort group. Geography: Geographical area in which consumers reside and work. Geodemographics: Combines geography and demographics, which may cluster into identifiable groups. Benefits: What consumers are looking for when they shop for products and services. Please explain each catergory with example and elaborate it your point.arrow_forwardThe consumer: describe the target market profile. Product: iBasket - Guopeng Liang Guopeng Liang target market profile focus on as below – Demographic: Age, city or region of residence, gender, race, ethnicity, or household composition. Socioeconomic: Income, educational attainment, occupation, neighbourhood, or association memberships. Brand affinity/product usage: Product engagement, purchasing history, or level of brand loyalty. Psychographics: Lifestyles, life stage, personality, attitudes, opinion, or voting behaviour. Generation: Specific generation cohort group. Geography: Geographical area in which consumers reside and work. Geodemographics: Combines geography and demographics, which may cluster into identifiable groups. Benefits: What consumers are looking for when they shop for products and services. I need your answer, please don’t explain how to do. I can google it. but, I’m here for your answer. please answer with examples and clear explanationarrow_forward
- The consumer: describe the target market profile. Product: iBasket - Guopeng Liang Guopeng Liang target market profile focus on as below – Demographic: Age, city or region of residence, gender, race, ethnicity, or household composition. Socioeconomic: Income, educational attainment, occupation, neighbourhood, or association memberships. Brand affinity/product usage: Product engagement, purchasing history, or level of brand loyalty. Psychographics: Lifestyles, life stage, personality, attitudes, opinion, or voting behaviour. Generation: Specific generation cohort group. Geography: Geographical area in which consumers reside and work. Geodemographics: Combines geography and demographics, which may cluster into identifiable groups. Benefits: What consumers are looking for when they shop for products and services. My answer Ideal customer- Laundry activity is a time-consuming task as it involves several activities which need dedicated involvement. Here, we are aim to target such…arrow_forwardFor the following products, indicate what factor(s) you would use to estimate market potential? Yoplait yogurt Rolex watches Apple iPads Tylenol Mary Kay cosmeticsarrow_forwardIdentify the target market for a food truck using at least 2 segmentation types and provide a description. Clearly label each of your two segmentation types as either demographic, psychographic, geographic, or product-related. Explain the 2 segmentation types and why were they chosen.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios