2. A strategy used to select one of segment of a market segment of a
market for targeting marketing efforts.
An effort to influence consumer perception of a brand or product
relative to the perception of competing brands or products. Its
objective is to occupy a clear, unique, and advantageous position in
the consumer‘s mind.
3 STEPS FIRMS TARGET MARKET
3. BASIC TYPES OF MARKETING
Product –variety
Marketing
Mass Marketing
Target Marketing
14. -.
BASES FOR
SEGMENTING
BUSINESS
MARKETS
The segmenting business market is a study about the characteristics
of business or formal organization that involve in industry, such as
producer reseller or wholesalers, institutions and government
bodies.
Company Characteristics
Buying Process Customer Relationship
17. Evaluate Market Segment
2 Factors:
Segment’s Overall Attractiveness
• Is it influence??Segment size, segment growth, segment profitability,
current and potential competition and business capabilities
The Firm’s Objective and Resources
• It is fit??
• The firm’s objectives ,resources and capabilities ( superior value,
firm's image and distribution channels.