ADM 2320 Lecture Notes - Lecture 6: Stolichnaya, Specialty Coffee, Mass Marketing

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Try to combine --> geodemographic e.g. Microsoft
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Psychographic segmentation - lifestyle
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e.g. Mcdonald's segmentation - one salad, different segmentation and positioning
resonates with consumers of different cultural backgrounds - geodemographic
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Segmentation Basis or criteria methods- geographic, demographic, psychographic, behavioral
Segmentation methods
2.
Self-values
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Lifestyles
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Psychographic
Geographic
demographic
VALS framework
Segmentation - dividing a large number of customers into groups
6 - Segmentation, Targeting and Positioning
Thursday, 5 October, 2017
11:27 AM
Marketing Page 1
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Document Summary

Segmentation - dividing a large number of customers into groups. Segmentation basis or criteria methods- geographic, demographic, psychographic, behavioral. Psychographic segmentation - lifestyle e. g. mcdonald"s segmentation - one salad, different segmentation and positioning resonates with consumers of different cultural backgrounds - geodemographic. Loyalty - to a brand - how you target the customer and position your brand. Know the product exists -> understand what it can do -> recognize how to buy. Substantial & profitable - bigger the size of the segment, the better it is. Targeting - picking specific groups - the group you want to serve is a target market a. Mass marketing - whoever wants it, will but it. Benefits - reduce costs - focus all the effort into one product. Downside - harder to make the product look special. No difference between the ones similar in the market b.

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