Concept explainers
Case summary:
The vice president of Company F’s network and cooking channel says that food plays a vital role in people’s life. Here, the participation of social media is more. Social media makes people to reach to the food and it makes the food to reach to the people. Once people switch off their TVs, they can connect to the company through mobile phones. The marketers need to know to segment different kind of consumers and group the people for the best
Social media helps marketers to segment their consumers with the help of the taste and preferences uploaded in social media. It helps the companies to build a relationship with consumers and viewers.
To discuss: The way Person X would segment the normal viewers of Company F network programming using VALS framework.
Explanation of Solution
The way Person X would segment the normal viewers of Company F network programming using VALS framework is as follows:
The Company F network programming viewers are classified based on the innovators category with high innovation and high resources.
The classification is based on the types of shows the consumers prefer such as ideals, achievement, and self- expression.
- • Ideals are those who prefers program of “Hunger Hits Home”
- • Achievement are those who prefers Chopped and “Food Network Star”
- • Self-expression are those who prefers any shows which deals with how to cook.
In the above category, the viewers can be as follows:
- • Experiencer those who wants to try new kind of dishes and foods. They cook for new varieties of dishes.
- • The strivers are those who want to become the best cook and who aspires the social status.
- • Believers are those who go for veganism.
Want to see more full solutions like this?
Chapter P3 Solutions
Contemporary Marketing (MindTap Course List)
- 1) What is the primary objective of transaction-focused selling? A) creating value through repeat business transactions B) building a relationship with the customer C) lowering the cost of goods sold to the customer D) maximizing sales in the short run 2) Which of the following aspects of achieving a market orientation do salespeople have the most opportunity to participate in? A) gathering information about customers needs B) sharing information throughout the organization C) influencing the market direction D) ensuring high levels of customer satisfaction 3) What does the extensive direct contact that salespeople have with existing and prospective customers lead many companies to do? A) rely more on call centre information B) treat salespeople as key sources of market information and feedback C) recruit and hire only those people who have extensive retail experience D) hire outside companies to perform marketing research 4) According to the textbook, how are the steps in the…arrow_forwardIm gathering some information about this question, please help me to achieve the responses that needed. Your help will play a big role in my marketing. Thanks! Direct discussion of how you plan to collect and maintain information of members of your "Community of Practice."arrow_forwardExplain..what is the purpose of promotion and how do marketers use it to increase the chance a consumer will buy their product or service?arrow_forward
- discuss...what is the purpose of promotion and how do marketers use it to increase the chance a consumer will buy their product or service?arrow_forwardImagine that you are opening a new yoga studio in a local area. Based on your research, you found that certain styles of yoga are not taught by local studios but are increasingly being sought by women aged twenty-five years and older. Your task is to create a marketing mix that focuses on this market and has a clear competitive advantage over other studios. Develop a marketing mix that is related to your business. ( Answer in not less than 10 sentences)arrow_forwardConsidering the largest bank in your college’s city or town:How might consumers’ needs differ?What types of products might meet their needs?What advertising media makes sense for the different segments of consumers?arrow_forward
- A designer allows customers to create their own look with an app that takes their takes their measurements and allow them to mix or match clothing accessories. What type of marketing is this? A One to one B Segmentation C Mass marketingarrow_forwardDigital marketer compare results of online engagement campaigns for brands X and Y. She finds that ads of brands X lead to more shares and responses from consumers than ads for brand Y. Marketer may conclude that brand X has _____ brand _____ than brand Y A. higher; equty B. lower; equity C. higher; power D. lower; powerarrow_forwardAccording to the HubSpot website, inbound marketing engages customers by: Group of answer choices using paid social advertising. generating business connections. adding to their social network. upselling products and services. helping them solve their problems.arrow_forward
- My business idea is a coffee shoparrow_forwardMany marketers are now taking the help of social networking sites to reach the consumers. As a consumer, do you find this as an infringe of privacy? gives justification based on your answer.arrow_forwardTaking advantage of consumer weaknesses is what the Impulse Shopping Network does best. Onair hosts peddle each product during a predetermined period of time. During each segment (10 minutes maximum), viewers are enticed to whip out their credit card and order the product shown before the time runs out. These marketers are so convincing that even the savviest consumer can't avoid temptation. Moore Zales, Director of Marketing at Impulse Shopping Network needs to do some product planning for tomorrow evening's line-up. She needs to decide how to split the group of products being offered between an hour of peak and two hours of off-peak airtime in order to maximize the profits generated for the three-hour line-up. The following is a list of available items, their wholesale cost, retail price, stock-on-hand, and data on the quantity sold per minute in the previous week during both peak and off-peak times. Prepare a managerial report that help Moore Zales decide how to split the group of…arrow_forward
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning