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Target market and market segmentation
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Source: MacBook Pro Advertisement-Refreshed MacBook Pro Lineup Lealod 2. www.news.softpedia.com
In geographic segmentation, the MacBook Pro can be used in all types of conditions and makes the consumers to purchase it through the consumers’ needs. For example, MacBook Pro is designed to adopt in tropical, cold and warm regions of the world (Lamb, Hair, and McDaniel 2014, 129). In demographic segmentation, Generation Y and Millennial are the group of people that always buy new products. For example, both groups of consumers are mostly consisted of teens and young adults and they like to purchase the new products due to their lifestyle changes and purchasing choices. Majority of the MacBook users are working and young adults due to its level of purchasing power. In psychographic segmentation, a consumer that uses a MacBook Pro will be regarded as an upper class group of people. Some consumers use MacBook Pro to show off especially among the Generation Y groups to prove that they have the same products as others. Consumers use MacBook Pro to suit the living lifestyles in a specific residential area. For example, consumers use MacBook Pro because of the upper class type of neighbourhood. The target markets for the MacBook Pro are based on the age, income, personality and geodemographics of the teens, young adults and working adults.
Attribute, price and quality, use or application and competitor are main bases for the MacBook Pro. Apple used its attribute for this advertisement to promote new features that are not being featured in the older products. The price of the MacBook Pro is expensive but the quality of it is decent. For example, Apple usually set the price of its products at ...
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...odification to invent the new touchpad screen to compete with other laptop companies (Crompton 1983, 10). Acer uses the style modification to design and create a new slim and lightweight structure for students that carry many books during lecture and tutorial classes.
References List
Crompton L.J. 1983. “Selecting Target Markets: A Key To Effective Marketing”. Journal Of Park And Recreation. Administrator 1. 7-26.
Dickson R. Peter and Ginter L. James. 1987. “Market Segmentation, Product Differentiation, and Marketing Strategy”. The Journal Of Marketing. 1-10.
Kotler, Philip. 2011. “Reinventing Marketing To Manage The Environment Imperative”. Journal Of Marketing. 75(4), 132-135.
Lamb W. Charles, F. Hair, Jr. Joseph and McDaniel Craig. 2014. The Principles Of Marketing. 7th ed. Mason, OH: South-Western.
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill Company.
Armstrong, Gary, and Philip Kotler. Marketing: an introduction. 11th ed. Upper Saddle River, NJ: Pearson Prentice Hall, 2013. Print.
Terrell, E. (n.d.). Market Segmentation. (Business Reference Services, Library of Congress). Retrieved April 6, 2014, from http://www.loc.gov/rr/business/marketing/
Dickson, P. R., & Ginter, J. L. (1987). Market segmentation, product differentiation, and marketing strategy. Journal of Marketing, 51(2(April 1987)), 1-10. Retrieved from http://www.jstor.org/stable/1251125
Segmentation, targeting and positioning are the fundament of modern marketing (Proctor, 2002, p. 188, as cited in Harris and Schaefer, 2015).
Jobber,D & Ellis-Chadwick, F (2012). Principles and Practices Of Marketing. 7th ed. : McGraw Hill Higher Education. p19-21 & 352-354.
Lamb, C. W., Hair, J. F., McDaniel, C. D., & Wardlow, D. L. (2009). Essentials of marketing (6th ed.). Cincinnati, Ohio: South-Western College Pub..
The next decade brought the increase of Apple’s brand following and fame to the organization. In 1991, Apple’s PowerBook gave the concept of more portable computer that was a new idea in computers in general. Then in the late 90s, the company started making other electronics except computers. These other products included digital computers, cameras, speakers and other products tat did not gain much recognition among the public (Sohail, 2010). This marked a decline in Apple, which was about to turn around.
Lamb, C. W 2010, Marketing (4th ed.). Cape Town, South Africa: Oxford University Press Southern Africa.
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill.
Segmentation, targeting and positioning are interrelated activities which are important to achieving a successful Marketing Mix. Discuss these concepts in theory and give practical examples of how they can be applied to one industry of your choice
Segmentation is a marketing strategy that involves separating a wide target market into small groups of customers who share the common need of using or purchasing the product that needs to be marketed. Market segmentation strategies are utilized to identify these groups of consumers and strategies are designed and implemented to make the product or service appeal to them. Support and also the product will be strategically placed in order to successfully achieve the ultimate marketing goal. Businesses and organizations may come up with different type of strategies involving different products and catchy phrases depending on the product or the target segment.
Armstrong, G, Adam, S, Denize, S, Kotler, P, 2010, Principles of Marketing 5th Edition, Pearson Australia Group, Frenchs Forest
Petty Ross D. Editor's Introduction: The What and Why of Marketing; American Business Journal, Vol. 36, 1999
Young, D. (2012). Green Marketing & Marketing Ethics, Room 009, Block 17, Middlesex University Dubai. (25th March, 2012)