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Discovering Marketing Module 3

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These are written lecture notes for Module 3 of Discovering Marketing (MKTG 1000)

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Course

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* Module 3




Segmenting & Positioning
Segmentation :



a
process of dividing
a market into similar →
why it's important:
'
and identifiable market's have variety product needs & press
groups
Marketer's
2

↓ 3
better define customer needs
Easier to define objectives & allocate resources

It's
good because : lets

the marketer identify a Definitions :

target market & brand positioning 1 A market is ppl
with needs /wants &
mmmm
can buy

Identify a
target market :


2 Market segment is


Organization sets up ,
designs ,
implements and a
subgroup of ppl sharing
maintains marketing mix to needs ↑ Cor more)
meet
qualities that let
[ make everyone happy) them have similar product
ummm needs



criteria of segmentation Bases of
segmentation
'
Geography 2
Demographics
3 Psychographics
4 Benefits 5
sought Usage Rate

* segmentation is good
bei . view way to
generate
sales -
Ian find bestselling
" 3
brands -
Regional ≠ local pref
%
"



Geography Demographics Psycho graphics and vide reaction to
comp
.




region Age Income Personality Lifestyle
-
- -
- -




-
market size -
Gender -
Motives -
Geo demographics

density Ethnic Background
market
↳ personality motives :
- -


:
climate Family emotional / rational / Stans
Life Cycle /
- -




yra;+, attitudes motives
C. mix of marital status
kids) habits
& presence/absence of

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Uploaded on
September 25, 2022
Number of pages
2
Written in
2022/2023
Type
Class notes
Professor(s)
Anna tarabasz
Contains
Class 3

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